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The university will pay $75 million to regain its research funding and end investigations, the second highest payment by a school facing pressure from the administration.
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Rescuers continued searching the blackened high-rises in Tai Po, a northeastern district in Hong Kong's New Territories.
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One firefighter was among the dead, and 70 people were injured, authorities said. About 900 people were evacuated to temporary shelters overnight.
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