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Saudi Food and Drug Authority CEO Visits Agency for Science, Technology and Research in Singapore

The CEO of the Saudi Food and Drug Authority (SFDA) visited the Agency for Science, Technology and Research (A*STAR) in Singapore. SPA
The CEO of the Saudi Food and Drug Authority (SFDA) visited the Agency for Science, Technology and Research (A*STAR) in Singapore. SPA
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Saudi Food and Drug Authority CEO Visits Agency for Science, Technology and Research in Singapore

The CEO of the Saudi Food and Drug Authority (SFDA) visited the Agency for Science, Technology and Research (A*STAR) in Singapore. SPA
The CEO of the Saudi Food and Drug Authority (SFDA) visited the Agency for Science, Technology and Research (A*STAR) in Singapore. SPA

The CEO of the Saudi Food and Drug Authority (SFDA), Dr. Hisham bin Saad Al-Jadhey, visited the Agency for Science, Technology and Research (A*STAR) in Singapore, and met with the Executive Director of the A*STAR Biomedical Research Council (BMRC), Dr. Azlinda Anwar, and A*STAR Executive Director of the Singapore Institute of Food and Biotechnology Innovation (SIFBI) Dr. Sze Tan.
Al-Jadhey was briefed on the work of the BMRC, the SIFBI, and the biotechnology ecosystem in Singapore.
A*STAR is an entity affiliated with the Singapore's Ministry of Trade and Industry which supports research and development in several areas, including human health and biomedicine in the public sector.
This visit came on the sidelines of the SFDA's participation in the 5th Annual Meeting of the International Heads of Food Agencies Forum (IHFAF), which took place in Singapore from April 16 to 20.

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Nokia Posts Quarterly Profit Miss, Flags Disruption from Trump's Tariffs

A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS/File photo
A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS/File photo
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20
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Nokia Posts Quarterly Profit Miss, Flags Disruption from Trump's Tariffs

A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS/File photo
A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS/File photo

Nokia reported first-quarter profit well below market expectations on Thursday and flagged a short-term disruption from US tariffs with an estimated impact of between 20 million and 30 million euros to its second-quarter profit.

Comparable operating profit fell to 156 million euros ($176.9 million) in the first quarter of 2025, a 36% miss against the average forecast of 243.83 million euros by analysts surveyed by LSEG.

A one-time charge in its mobile networks division had an impact of 120 million euros on quarterly margins, the company said.

Nokia's sales in North America have been growing steadily despite losing market share to Nordic rival Ericsson, reflecting a renewed market strength after years of weakness, Reuters reported.

But now the sweeping tariffs imposed by US President Donald Trump could counter this trend, as companies might pause orders fearing price increases.

The Finland-based company also announced a strategic multi-year extension of its partnership with T-Mobile in the US to expand the carrier's 5G network coverage.

"Telecommunications is not a place where customers tend to change their expenditures," Nokia's CEO Justin Hotard told reporters.

Its quarterly net sales totalled 4.39 billion euros, down 3% on a constant-currency basis compared to a year earlier and a notch lower than the 4.41 billion euros expected by analysts.

Nokia confirmed its outlook for the rest of the year, which now includes the acquisition of Infinera, but said achieving the top-end of the range for operating profit would be more challenging than initially expected.