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Crown Prince Mohammed intends for Neom, a $1.5 trillion development on the Red Sea coast, to be a showpiece that will transform his country’s economy and serve as a testbed for technologies that could revolutionize daily life. Along with The Line, Neom’s plans include an industrial city, ports and tourism developments. It’s also set to host the Asian Winter Games in 2029 at a mountain resort called Trojena.

The pullback on The Line comes as the kingdom’s sovereign wealth fund has yet to approve Neom’s budget for 2024, the people familiar with the matter said. It shows that the financial realities of the trillions of dollars of investment are starting to cause concern at the highest levels of the Saudi government as it tries to fulfill its ambitious Vision 2030 program, the overarching initiative tasked with diversifying the kingdom’s economy.

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cross-posted from: https://hexbear.net/post/2254138

Hell yeah.

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Finance Minister Christian Lindner has indicated to fellow ministers that the defense budget will be maintained at the same level next year, while all other ministries will again have to cut spending, according to the people.

cross-posted from: https://lemmy.ca/post/19066229

Admiral John Aquilino, Commander of the U.S. Indo-Pacific Command, said in an address to the Lowy Institute think tank in Sydney that China's actions against the Philippines, particularly in Second Thomas Shoal, were "dangerous, illegal and they are destabilising the region".

• The law requires colleges and universities to get approval before hiring or working with Chinese people who aren’t US citizens or green card holders

• A legal challenge filed by two graduate students and a professor argues, among other things, that the state law usurps the power of the federal government

Last year, with an eye to curb Chinese influence in the state, Governor Ron DeSantis signed into law a bill requiring state colleges and universities to get government approval before they hire or work with Chinese people who aren’t US citizens or green card holders.

Since then, schools in the state have scrambled to comply. In December, Miami-based Florida International University paused the hiring of Chinese and citizens of six other “countries of concern” also targeted by the law – Iran, Cuba, North Korea, Russia, Syria and Venezuela – while waiting for the state university system’s board of governors to create a vetting process. ⠀

“Requiring the board of governors’ approval means it is next to impossible to obtain approval,” said Sumi Helal, a professor of computer and information science and engineering at the University of Florida.

Helal said he was “intent on leaving” the school. ⠀

Last year, DeSantis said his anti-Chinese influence efforts provided a “blueprint for other states to do the same”.

And according to political observers in the state, the governor may double down on his education policies. David McDonald, a political science professor at the University of Florida, said that “being an education ‘culture warrior’” was a “perceived strength of his when conservative activists helped push critical race theory and anti-trans rhetoric and policies onto the political agenda”. ⠀

“Our academic community thrives on international collaboration. SB 846 is a malicious and xenophobic bill that directly attacks our community,” said Eva Garcia Ferres, co-president of Graduate Assistants United at the University of Florida.

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