1. Global Markets Extend Gains; Inflation Fears Sidelined
Investors across the world rejoiced as global markets continued rallying up ahead of the weekend. S&P 500 index of the U.S is set to register its fourth straight monthly rally, its best streak since August. Economic data signaling prospects for a sustained economic rebound killed off concerns of faster inflation.
Stoxx Europe is up by 0.65%
Dow Jones is up by 0.3%
NASDAQ is up 0.3%
2. Japan to Share Vaccine With Taiwan
Due to the increasing Covid cases, Taiwan has been under the pressure to buy vaccines from China. Now on Friday the ruling part of Japan said, ”Taiwan helped us during our tough times and we will provide Taiwan with vaccines as soon as possible”. This will be a great relief for Taiwan as they have vaccinated only1% of the population.
3. Olympic Events Will Have Separate Covid Guidelines
The delayed Tokyo Olympics-2020 games which is scheduled to start on July 23 will have separate Covid-19 guidelines for each event. Previously released coronavirus prevention measures were heavily criticised as it is very insufficient
4. MG Motor Joins With Attero For EV Battery Recycling
MG Motor India on Friday announced their partnership with Attero for the recycling of Li-ion batteries used in the MG ZS EV model. Noida-based Attero, is a leading electronic asset management and clean tech company and the partnership will bring more confidence to the MG Motor customers.
5. WHO Budget Increased By 16 Percentage
The member countries of the World Health Organisation raised the WHO budget for next two years by 16% to Rs 44,228 crores. Dr Michael Ryan, WHO’s emergencies chief, said the organization is short of funds and is struggling to act efficiently during an urgent international crisis.
6. No More Tightening in Covid Restrictions: Singapore
Singapore Finance Minister Lawrence Wong on Friday said there will be no more additions to Covid restrictions. ‘Under the Jobs Support Scheme Rs 4379 crores will be used for enhanced wage subsidies and rental relief’ , he added. Only essential services are allowed for now and if possible, people can choose to work from home
7. Get Vaccinated in Hong Kong, Win $1.4 Million New Apartment
Hong Kong developers are offering a $1.4 million apartment as a prize for residents who have been vaccinated for Covid-19, as local authorities grapple with widespread reluctance to get inoculated.
Sino Group’s philanthropic arm Ng Teng Fong Charitable Foundation and Chinese Estates Holdings Ltd. are offering a brand-new apartment in their Grand Central project in the Kwun Tong area, the companies said in a statement Friday.
8. Credit Suisse Cuts Ties With SoftBank After Greensill Crisis
Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations. The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of the situation said, asking not to be identified because the matter is private.
9. Hong Kong Cites WhatsApp Chats With Media to Deny Critic’s Bail
Hong Kong prosecutors cited an ex-lawmaker’s WhatsApp chats with reporters from foreign news outlets in a successful bid to deny her bail, raising new concerns about the implications of a China-imposed national security law for free speech in the Asian financial hub.
10.Malaysia announces nationwide lockdown
Malaysia on Friday announced a nationwide lockdown starting from June 1 as Covid-19 cases surge. The first phase of lockdown will be from June 1 to June 14 and only essential services are allowed to function. A new package will be announced sooner to aid the ones affected by the new restriction