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Shanghai-based medical device start-up United InnoMed plans to collaborate with medical institutions in Hong Kong on clinical studies with the aim of commercialising an artificial intelligence-driven device for treating and managing patients with heart failure.Targeting chronic heart failure patients, the device would be a “two-in-one” instrument serving both therapeutic and diagnostic functions, according to founder and CEO Wang Li. The firm hopes to cut the risks and costs of implanting two separate devices for such cases under most existing situations, he added.“Many Chinese heart failure patients are willing to have a therapeutic device implanted, but most would be [opposed] to…

NEW YORK: General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from US President Donald Trump’s tariffs, despite moves this week to dampen the blow. On Tuesday, Trump signed an executive order to limit the impact of multiple overlapping tariffs on automakers. He also released a proclamation that gives the industry a two-year grace period to move supply chains back to the United States and reduce “American reliance on imports of foreign automobiles and their parts.” GM reported its first quarter results on Tuesday, but delayed its conference call after the Wall…

Efforts by the Chinese electric vehicle (EV) industry to reduce consumer anxiety about driving ranges have pitted battery swapping technology against ultra-fast charging capabilities, even though both save time for drivers.“Carmakers and consumers now have two options as they choose which kind of EVs to buy,” said Davis Zhang, a senior executive at Suzhou Hazardtex, a supplier of specialised batteries, in an interview last week. “Each of the technologies has its own advantages and disadvantages, but they will coexist over a long period of time.”The battery swap model allows EV owners to exchange a spent pack for a fully charged…

Efforts by the Chinese electric vehicle (EV) industry to reduce consumer anxiety about driving ranges have pitted battery swapping technology against ultra-fast charging capabilities, even though both save time for drivers.“Carmakers and consumers now have two options as they choose which kind of EVs to buy,” said Davis Zhang, a senior executive at Suzhou Hazardtex, a supplier of specialised batteries, in an interview last week. “Each of the technologies has its own advantages and disadvantages, but they will coexist over a long period of time.”The battery swap model allows EV owners to exchange a spent pack for a fully charged…

An Indonesian politician has proposed China-inspired military rehabilitation for youth facing difficulties amid an increase in juvenile delinquency in his area.West Java Governor Dedi Mulyadi said his idea of a voluntary military-style discipline programme in Depok city was inspired by China’s youth reformation model, according to English-language newspaper Jakarta Globe.According to the Hong Kong Federation of Youth Groups, mainland China mandates education and rehabilitation for misbehaving children in special correctional schools.This approach aims to tackle underlying issues like family dynamics and the school environment. Individuals aged 13 to 28 who commit minor offences may be placed in reformatories or work-study…

The Japanese yen fell in Asian trade on Thursday on track for the third straight loss against the US dollar, and about to plumb multi-week lows following the Bank of Japan’s policy meeting.   As expected, the BOJ held interest rates unchanged while reducing growth and inflation forecasts for 2025 due to the impact of US tariffs on global demand.   The Price   Th USD/JPY pair rose 0.55% today to 143.85, with a session-low at 142.87.   Th yen lost 0.55% on Wednesday, the second loss in a row amid positive developments in trade talks between the US and…

Drinks seller Zaki Che Zuber says he has raised prices for coffee and tea again this year, while food trader Murni Adlis has increased the cost of her beef rendang – signs that Malaysians are paying more for everyday meals than official inflation data would suggest.Malaysia’s headline inflation rate stood at 1.8 per cent in 2024, according to the Department of Statistics. But new data from the same agency show that the price of many essential foods has risen far more sharply.The department’s latest analysis of annual consumer prices, released on Tuesday, found that the cost of a basic nasi…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldGeneral Motors has cut its profit guidance for the year in response to Donald Trump’s trade war, warning of up to $5bn in exposure to the US president’s sweeping tariffs. In a letter to shareholders on Thursday, the US carmaker said it now expected to report annual adjusted earnings of between $10bn and $12.5bn before interest and taxes, compared with a previous range of $13.7bn to $15.7bn.Just two days earlier, the company had pulled its guidance and temporarily suspended share…

The interim government of Bangladesh has granted SpaceX’s Starlink, which provides internet access to remote locations by low Earth orbit satellites, a license to provide satellite internet services in the country. According to The Business Standard, Bangladesh’s Chief Adviser Muhammad Yunus approved the licence on April 28, allowing Bangladesh to become the second country in South Asia after Sri Lanka to launch Starlink services. As per the report, in March, the Bangladesh Telecommunication Regulatory Commission (BTRC) issued the “Non-Geostationary Orbit (NGSO) Satellite Services Operator in Bangladesh” licensing guidelines. Under this framework, Starlink Services Bangladesh, in the first week of this…

Wang Shouwen, China’s former vice-minister of commerce and one of its chief trade negotiators during the first Trump administration, has taken on a lesser role at a semi-official commerce body.His new title at the All-China Federation of Industry and Commerce (ACFIC), the country’s largest non-governmental chamber of commerce, remains undisclosed, but the ACFIC website confirmed Wang had taken part in a study session as a member of its leadership team on Wednesday.Beijing announced last month that Li Chenggang, China’s envoy to the World Trade Organization, would replace Wang, who played a key role in negotiating the 2020 US-China trade deal…