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ABB, the leading power and automation technology group, will create a foundation with total funding of20 million Swiss francs($16.6 million) to sponsor talented and needy students in engineering and natural sciences.

The plan is to use more than half the savings to provide more federal Pell Grants to needy students.

In South Africa, Ladysmith Tzu Chi volunteers deliver winter clothing, books and school supplies for needy students while local residents also hope to contribute by joining their ranks of recycling.