Entrepreneurship
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
[SINGAPORE] Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and existing investors. This includes “significant participation” from...
Electronic Health Records: The Digital Switch
Switching to electronic health records (EHR) can feel like a huge leap for many healthcare practices. It’s not just about going digital; it’s about changing the entire way you...
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Published Wed, May 7, 2025 · 02:23 PM[TOKYO] Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU) for the supply of...
Temu, Shein see US sales drop in week after tariff price hikes
[NEW YORK] Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign...
Rivian cuts EV delivery outlook, sees tariff impact
[AUSTIN] Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President Donald Trump’s trade war will further dampen...
SIA and Scoot among Asia airlines rerouting flights amid flare-up in India-Pakistan hostilities
[SINGAPORE] Singapore Airlines (SIA) and its budget arm Scoot have stopped flying over Pakistan airspace after fighting broke out between the country and neighbouring India. The Singapore carriers have...
World’s trade superhighway feels strain from US-China decoupling
[HONG KONG] Container liners are starting to sever shipping routes that link the US and China across the Pacific, as US President Donald Trump’s trade war upends the industry...
Australian dollar hits new five-month high on US-China trade talks
[SYDNEY] The Australian dollar hit a new five-month peak on Wednesday, buoyed by progress in US-China trade talks scheduled for later this week, while the New Zealand dollar found...
WeightWatchers files bankruptcy as GLP-1 drugs reshape market
Prepackaged bankruptcies generally allow companies to exit Chapter 11 quickly and without disruption to their business or unsecured creditorsPublished Wed, May 7, 2025 · 09:05 AM[NEW YORK] WeightWatchers, known...
Fed to hold rates steady as pressures mount
FEDERAL Reserve officials are widely expected to leave interest rates unchanged on Wednesday (May 7) as they await clarity on the Trump administration’s trade policies, a move likely to...
