The highlighted words in red are links to the news article.
July 12, 2021 (last updated at 8.15 am)
- Asian stocks set to start the week higher as US stocks rally to fresh records Friday in a broad-based rebound; the dollar steadies.
- UK corporates rush to invest as economy reopens investment that could usher in a long-awaited improvement in the country’s weak productivity growth.
- The age of unfettered gains for China’s ultra-rich now appears to be coming to an abrupt end.
- Eight of the world’s leading insurance and reinsurance companies launch net-zero climate alliance.
- China to cut the reserve requirement ratio (RRR) for all banks by 50 basis points (bps), freeing up around 1 trillion yuan ($154.19 billion) to underpin its post-pandemic economic recovery.
- British billionaire Richard Branson reaches space aboard Virgin Galactic flight.
- Apple AirPod batteries are almost impossible to replace, showing the need for right-to-repair reform.
- Sony to use robots to take over its manufacturing of televisions, smartphones and cameras, as the company shifts attention to services, the Financial Times reports.
- Korean online grocery startup, Kurly, raises $200 million in funding, valuing the company at $2.2 billion, after shifting IPO plans in the US.