Put Food Stamps on a Diet
SNAP exists to guarantee basic nutrition, not to replicate the snacks aisle of a minor-league baseball stadium. Source link
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
The U.S. Is Terrific — and We Need to Keep It That Way
In that endeavor, we need your help. Source link
Wilmar to acquire up to 20% of Mumbai-listed joint venture with Adani
Agri-specialist Wilmar International has agreed to acquire up to 20 per cent of the shares held by India’s Adani Commodities in the two companies’ joint venture (JV), for 275 rupees per…
“Cloud” Is a Cautionary Tale of E-Commerce—and the Summer’s Best Action Movie
Ryosuke Yoshii (Masaki Suda), the thirtysomething protagonist of the mesmerizing Japanese thriller “Cloud,” is never more content than when he’s in front of his computer. Some will surely…
Singapore shares continue winning streak; STI up 0.7%
The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose 0.7 per cent or 29.18 points to close at 4,161.43…
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in the second quarter, hit by a previously…
TSMC profit surges again after AI drives big jump in sales
The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced Micro Devices, which is outpacing its production…
Taiwan’s TSMC says second quarter profit up 60%
The quarterly results follow Trump’s latest barrage of tariffs and renewed threats to impose levies on pharmaceutical products and chips — …
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus Energy back to the renewable energy solutions…
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be…
Companies look to AI for financial resilience amid global volatility: DBS survey
Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI) tools of particular interest, based on a global survey…
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on Chinese ships entering US ports, shipping trade body…
Amara announces it will delist from SGX mainboard on Jul 21
Hotel and property group Amara Holdings announced on Thursday (Jul 17) that it will be officially delisted from the mainboard of the Singapore Exchange as at 9 am on Jul 21. On Jun 10,…
China probes US$100 underwriting fee amid Xi price war clampdown
China is investigating some of the nation’s top investment banks over bond underwriting fees that hit below US$100, as regulators expanded a crackdown on a long-standing price war amid…
Asia: Stocks struggle as traders eye Fed saga, trade war
Asian markets fluctuated on Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve. Traders have…
Scale AI to cut 14% of staff following Meta investment
Scale AI is laying off hundreds of employees from its data-labelling business, one-month after Meta Platforms invested US$14.3 billion in the startup and hired away its chief executive…
French prosecutors demand Fiat face trial in diesel scandal
French prosecutors have demanded Italian car maker Fiat face trial on fraud charges over the emissions-tampering scandal that struck German giant Volkswagen, a source told AFP on…
Gold dips as US dollar firms, Trump’s Powell remarks ease market jitters
Gold prices dipped in early Asian trade on Thursday (Jul 17), pressured by a firmer US dollar and easing market tensions after US President Donald Trump said it was “highly…
Trump hosts Persian Gulf leaders at White House as new violence raises questions about peace efforts
President Donald Trump hosted a pair of Arab Gulf leaders at the White House on Wednesday as violence between Israel and Syria renewed doubts about his pledge to impose peace on the Middle…
How Chinese consumer brands are muscling into South-east Asia
EVERY tourist arriving in Ho Chi Minh City visits the 110-year-old Ben Thanh Market. Its surrounding streets pulse with local eateries, coffee joints, and souvenir shops. Yet amid these…
Markets rattled by ‘credible threat’ of Trump trying to fire Jerome Powell
Once again, US President Donald Trump demonstrated his power to shake up global financial markets. This time, by returning to one of his favourite topics: whether to fire Federal Reserve…
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank” to soak up the financial hub’s soured…
Tesla readies a six-seat version of the Model Y for China
The carmaker has been losing ground to domestic manufacturers with fresher lineups Tesla is preparing to launch a longer, six-seat version of its Model Y sport utility vehicle in…
Couche-Tard abandons 6.8 trillion yen bid to buy 7-Eleven owner
Canada’s Alimentation Couche-Tard has abandoned its 6.8 trillion yen (S$59 billion) bid to buy Seven & i Holdings, saying the Japanese operator of 7-Eleven convenience stores had refused…