Technology

Mexico reverses some cuts, hospitals to see dire shortages

By BLOOMBERG
MEXICO CITY • Mexico’s federal government has partially reversed budget cuts of about US$130 million (RM546 million) for its healthcare ...

Germany’s First Sensor receives offer from TE Connectivity

By BLOOMBERG
NEW YORK • First Sensor AG said it received an offer from TE Connectivity Ltd. “First Sensor has received a legally non-binding expression ...

An RM8.8m drug for deadly childhood disease approved by FDA

The US FDA approves Novartis’ Zolgensma, a gene therapy targeting children under 2 years old who have a severe illness called SMA
By BLOOMBERG LONDON • ...

Universal said to eye industry bidder as buyout firms balk

By BLOOMBERG
LOS ANGELES • Vivendi SA is targeting strategic buyers for a stake in Universal Music Group (UMG) as some private equity (PE) investors ...

German output picks up in May as euro-area remains subdued

By BLOOMBERG
FRANKFURT • Germany’s private sector saw overall output improve for a second month in May, despite a slowdown in services and a workforce ...

Meituan losses narrow as it fends off Alibaba

By BLOOMBERG
HONG KONG • Meituan Dianping posted a narrower than anticipated loss after the Chinese Internet services giant managed to keep Alibaba ...

IndiGo declines most in year

By BLOOMBERG
NEW DELHI • IndiGo, India’s biggest airline, fell the most in a year amid reports its billionaire founders have hired law firms after ...

Temasek’s Vertex raises RM957m for SE Asia fund

By BLOOMBERG
SINGAPORE • Vertex Venture Holdings Ltd raised US$230 million (RM956.8 million) in the first close of its fourth South-East Asian fund to ...

Jet-powered flying taxi unveiled after 1st flight

By BLOOMBERG
LONDON • The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight. ...

Home of the future will withstand whatever wild weather comes

The Breezy Point design by Brooklyn-based Azaroff keeps Hurricane Sandy’s devastation in mind, from the bottom up
NEW YORK • Breezy Point is beautiful ...

Sonos partners Soundtrack Your Brand for business streaming

STOCKHOLM • A Spotify-backed music streaming company will be exposed to hundreds of thousands of potential new customers through a tie-up with US speaker ...

High-tech supremacy at stake in US-China trade war

BEIJING  • A race for global supremacy in the tech sector is at the centre of the fraught trade war negotiations between the US and China.
The US ...