Politics
G.O.P. Plans to Cut Medicaid Would Save Billions but Leave More Uninsured, Budget Office Says
As Republicans in Congress wrestle with options for cutting Medicaid costs, the Congressional Budget Office has estimated that the leading…
Swedan Margen
Swedan Margen contributes to L'Officiel Lifestyle with a focus on business and entrepreneurship.
Swedan covers business developments, emerging companies, entrepreneurial stories, and trends influencing industries and the broader economy.
The goal is to bring readers accessible coverage of business stories while highlighting developments, ideas, and opportunities shaping the marketplace.
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Business
Federal Reserve keeps rates steady, defies pressure from Trump
The Federal Reserve held interest rates steady on Wednesday, defying President Trump's demands to lower rates to ease the economy's…
Politics
Army leaders to Congress: Drones crucial on future battlefields
Secretary of the Army Daniel Driscoll on Wednesday defended the service's plans to downsize some legacy weapon systems, including cuts to…
Politics
Johnson Rules Out an Aggressive Plan to Cut Medicaid as G.O.P. Moderates Waver
Speaker Mike Johnson has dropped one of the most aggressive options the G.O.P. was considering to cut Medicaid costs to help pay for…
Culture
How Cory Arcangel Recovered a Late Artist’s Digital Legacy
In 2002, the thirty-five-year-old, Luxembourg-born painter Michel Majerus was on a short flight from Berlin, where he lived, to his native…
Business
Isetan Tampines to shutter in Nov 2025
Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6).…
Business
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group Glove…
News
World's richest 10% caused two thirds of global warming: study
The world’s wealthiest 10 per cent of individuals are responsible for two thirds of global warming since 1990, researchers said on…
Politics
Senators are urging Paramount to fight Trump’s ‘60 Minutes’ lawsuit.
The Trump administration is planning to transport a group of immigrants to Libya on a U.S. military plane, according to U.S. officials,…
News
Treasury secretary, U.S. trade rep to talk trade with Chinese in Switzerland
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet this weekend with their Chinese counterparts in…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Politics
Novo Nordisk latest drugmaker to drop gender goals in US
This follows executive orders by President Donald Trump to stop diversity, equity and inclusion initiatives Obesity drugmaker Novo Nordisk…
Politics
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would…
Politics
Scott Bessent’s Failed Attempt at Coherent Economic Policy
The Treasury secretary’s rationalization for Trump’s whims wouldn’t pass an undergrad econ exam. Source link
Politics
Trump’s Energy Revolution Is Great. It’s Also Fragile
Here are the steps the Trump administration can take to return power to the people and enshrine a better way to effectively care for the…
Business
Singapore stocks track regional gains on Wednesday; STI up 0.1%
Local stocks ended higher on Wednesday (May 7), tracking gains in the region. The benchmark Straits Times Index (STI) gained 0.1 per cent…
Business
Potential solar boom in South-east Asia an opportunity to invest in storage systems
In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could…
Business
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry…
Politics
Trump’s Threatened Tariffs Are So Large, 10% Feels Like a Relief
There has been a mantra spreading among weary corporate executives who are becoming resigned to President Trump’s tariffs while still…
Business
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and…
Business
Push to allow Norway's wealth fund to invest in defence companies falters
Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…