Business and technology quick bites: 01.06.2021

Updated version at 8.05 am

The highlighted words in red are links to the news article.

June 1, 2021,

Business News

1. Asian stocks looked set for a weaker open and U.S. futures slipped as traders await key American jobs data later this week to help gauge the economic outlook.
2. Nestle is developing a new nutrition and health strategy after the Financial Times reported an internal document described a large portion of the food giant’s food and drinks as unhealthy.
3. JBS, the world’s biggest meat supplier was the target of a cybersecurity attack in the latest threat to global food supply chains that have been rattled by the pandemic.
4. Retail investors snapped up China’s first nine pilot REITS on the first day of the offering.
5. Norway’s US$1.3 trillion sovereign wealth fund is unlikely to offer the same high returns in coming decades as it has over the past 25 years, says its chief executive.
6. Malaysia rolls out an additional RM40 billion stimulus package, ahead of the imposition of stricter lockdown measures this week to curb the spread of Covid-19.

Technology News

1. Nine Entertainment has signed a deal to supply news content to Google and Facebook under Australia’s news media bargaining code.
2. Former Goldman Sachs vice chair Kathy Matsui, aims to invest US$150 million in sectors including health care, fintech, next-generation work and education, as well as the environment.
3. DBS has priced a S$15 million digital bond as its digital exchange’s first security token offering.
4. Indian health insurance startup has raised $15.6 million in its Series A funding led by Tiger Global to accelerate its growth.
5. Australian travel-tech startup, Travello, has secured $6.5 million in Series A funding, following a shift in focus that has positioned the business for strong post-pandemic growth.