1. Investors are reminded that Covid hasn’t gone away and they are upset. Asian futures are looking grim as US stocks prices decline as a result of increased concerns on rising variant infections will hamper the global economy recovery as well as the escalating tensions between US and China.
The combination of price pressures and soaring infection rates raises the risk of failing and doing badly.
2. The Health Minister of Singapore has advised Singaporeans to be ready to adjust to policies or even take decisive action against the unexpected surge in 163 Covid cases more than last week.
3. Indonesia had a record-high of 1338 Covid-19 death cases on Monday 19 July 2021 one day before Hari Raya Haji.
4. China is predicted to stand pat on its loan prime rates benchmarks even after its surprise cut in the amount of money banks need to hold as reserves.
The US, UK and allies formally attributed the Microsoft Exchange hack to actors affiliated with China’s government. Beijing has been accused to mastermind a series of malicious ransomware, data theft and cyber-espionage attacks against public and private entities.
5. What is Pegasus scandal? The ‘ultimate spyware’ is a malicious software created by the Israeli company NSO Group, has allegedly been used to secretly monitor and spy on an extensive host of public figures in India.
The opposition Indian National Congress has alleged the Modi’s government has targeted political rival Rahul Gandhi for surveillance using NSO’s spyware which BJP denied.
6. More Japanese including NTT, Fujitsu and NEC are pulling their executives out of the Olympics opening ceremony amid Covid 19. It’s going to be a quite Olympics, free from spectators but perhaps we can now enjoy ourselves in the visual of sports at their highest level.
7. The US warned citizens not to travel to Indonesia and lowered the advisory for India. Singapore reimposed tighter curbs while half of Australia is back in lockdown. While Apple is postponing a return to the office.