Daily business and technology news:
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September 13, 2021 (last updated at 8.30 am)
- Tiger Global-backed Stakeshop, an online stock broker plans to launch a AUD3 (US$2) brokerage service in Australia, the country’s cheapest.
- Market news: Asian stocks set to dip as fears over slowing economic growth and rising inflation weigh on the market.
- Sydney Airport to open books with a revised AUD23.6 billion (USD$17.4 billion) bid.
- UK employers call for finance minister Rishi Sunak to overhaul the tax system and offer more help to meet the challenges of Brexit, Covid-19 and climate change in next month budget statements.
- The United Arab Emirates unveils a US$6.5 billion programme of reforms and financial incentives to drive new private sector opportunities for Emiratis.
- Oil rise above US$70 a barrel supported by growing signs of supply tightness in the United States as a result of Hurricane Ida.
- Global shipping sector records best year since 2008 amid booming trade.
- Stardom Ventures VC Fund closes a US$65 million fund aims at investing in Israeli media-focused tech startups a bid to expand further into the U.S. market.
- SpaceX gets ready to launch first all-civilian crew to orbit with another billionaire entrepreneur, Jared Isaacman, to ride into space strapped inside the capsule of a SpaceX rocketship.
- Facebook announces a US$100 million commitment to a program that supports approximately 30,000 small businesses owned by women and minorities by buying up their outstanding invoices.
- China to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, the Financial Times reports.
- Microsoft has acquires TakeLessons, a start-up with a website where people book paid online and in-person classes on a variety of subjects, in an undisclosed deal.
- Singapore ecommerce platform, Shopee, takes Latin America by storm.
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