News
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...
Former Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
The formation of Singapore GasCo is a “major milestone” in Singapore’s energy transition, says the EMA[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement and...
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...
Hot, dry weather threatens output in China’s wheat-growing belt
Drought in the country’s northern grains production region is set to continue in the next ten days, while heavy rains are forecast to batter some areas in southern China...
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...
Nvidia CEO says China AI market is on course to hit US$50 billion
Jensen Huang is lobbying against the tightening of restrictions on his company and peers that limit their access to China, the biggest market for semiconductorsPublished Wed, May 7, 2025...
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...
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended...
