Plans to relocate an elite scholarship programme from China to New York University Abu Dhabi have been abandoned due to the coronavirus outbreak.
This year’s Schwarzman Scholars, a prestigious scholarship designed to expose “future leaders” to Chinese culture and influence, was due to temporarily move to the UAE after its usual base, Tsinghua University in Beijing, did not open for its spring term due to the virus.
But the plan has now been ditched as “growing health and safety restrictions” had made “international travel inadvisable”, said vice-chancellor Mariët Westermann.
We look forward to future collaborations... and we can feel enormously proud of how we and our partners rallied to the needs of this scholarly community
Under the original plans, up to 147 scholars, as well as some staff, would have relocated from China to Abu Dhabi, from March 1.
"The Schwarzman Scholars relocation will not move ahead, given that the situation has evolved and with growing health and safety restrictions making international travel inadvisable," she said.
"We look forward to future collaborations, particularly with the many areas of convergence and alignment we discovered as our teams worked together, and we can feel enormously proud of how we and our partners rallied to the needs of this scholarly community."
Plans are being drawn up by NYUAD to deal with the government's month-long suspension of school and university classes from next week.
“We are actively developing plans with NYUAD and NYU leadership, faculty colleagues, and our Abu Dhabi partners to apply the policy commensurate with our status as an international institution and residential campus,” Dr Westermann said, in an update issued to staff and students on Wednesday.
“We are fortunate to have great capacity for providing online education and campus services. I am confident that the preparations that we have in place will enable us to respond effectively to this change in how we teach, learn, work, and do research.”
The university is planning to make use of its existing online tools to deliver classes, which includes the ability to set up interactive lectures over the internet.
NYUAD-funded travel overseas, for example for academic conferences or study abroad schemes, have been suspended until mid-April. Non-essential personal travel has been discouraged.
In-person classes at NYU campuses in Shanghai and Florence had already been suspended due to the high number of cases in China and Italy.
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India 281-7 in 50 ov (Pandya 83, Dhoni 79; Coulter-Nile 3-44)
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India won by 26 runs on Duckworth-Lewis Method
Everton 1 Stoke City 0
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Man of the Match Phil Jagielka (Everton)
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.