Southeast Asia’s startup ecosystem is facing a funding drought and a scandal involving Indonesian agritech unicorn eFishery, which is being investigated for financial malpractices. The company, backed by investors like SoftBank Group and Temasek Holdings, is accused of inflating revenue by $600 million and hiding a $35.4 million loss. EFishery’s board has appointed FTI Consulting as acting management amid discussions of liquidation or buyout by investors.
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Italy hand Wales record 14th successive defeat
In a Six Nations clash, Italy defeated Wales 22-15, with Ange Capuozzo's try giving Italy a lead they maintained throughout the match. Despite Wales scoring two tries late in the game, Italy's dominance, accuracy, and discipline secured their victory, extending Wales' losing streak to 14 games and dropping them to their lowest world ranking of 12th. Italy's smart play and key performances, particularly from Tommaso Allan and Lorenzo Cannone, sealed their back-to-back wins over Wales...
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