Latest COVID-19 Cases

    United States35,213,594 cases
    67,115 new cases
    up 0.19% on yesterday
    626,172 deaths
    reported to date
    United Kingdom5,602,321 cases
    39,315 new cases
    up 0.71% on yesterday
    153,070 deaths
    reported to date
    Hong Kong11,974 cases
    2 new cases
    up 0.02% on yesterday
    212 deaths
    reported to date
    Singapore63,924 cases
    133 new cases
    up 0.21% on yesterday
    36 deaths
    reported to date
    India31,293,062 cases
    35,342 new cases
    up 0.11% on yesterday
    419,502 deaths
    reported to date
    Brazil19,524,092 cases
    49,603 new cases
    up 0.25% on yesterday
    547,134 deaths
    reported to date
    China92,462 cases
    48 new cases
    up 0.052% on yesterday
    4,636 deaths
    reported to date
    Australia32,588 cases
    162 new cases
    up 0.50% on yesterday
    915 deaths
    reported to date
    Globally193,463,272 cases
    565,319 new cases
    up 0.29% on yesterday
    4,143,749 deaths
    reported to date

COVID-19 News

  • Hong Kong reported 2 new imported cases on Thursday (July 23), marking the 46th consecutive day of having no local infections detected in the city.
  • Singapore will provide a S$1.1 billion support package to help workers and businesses affected by Singapore’s return to Phase 2 (Heightened Alert) restrictions. The package includes wage subsidies under an enhanced Jobs Support Scheme for affected sectors, rental relief for commercial properties, as well as a new relief fund for market and hawker centre stallholders.
  • New Zealand will pause its quarantine-free travel arrangement with Australia for at least eight weeks starting Friday night, Prime Minister Jacinda Ardern said, as Australia fights an outbreak of the highly infectious Delta virus variant.

Global News Highlights

  • Plans by the US for a digital trade agreement covering Indo-Pacific economies may be a step toward Washington re-joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Details of the potential digital accord are still being drafted, but the pact could include countries such as Australia, Canada, Chile, Japan, Malaysia, New Zealand and Singapore.
  • Euro zone business activity expanded at its fastest monthly pace in over two decades in July as the loosening of more COVID-19 restrictions gave a boost to services but fears of another wave of infections hit business confidence.
  • UK retail sales surged unexpectedly in June as consumers spent more in grocery stores to celebrate European championship soccer, adding momentum to the economic recovery. The volume of goods sold in shops and online rose 0.5% from the month before, according to the Office for National Statistics.

Asia News Highlights

  • China on Friday launched an anti-dumping investigation into grain oriented flat-rolled electrical steel imported from Japan, South Korea and the European Union following the expiry of tariffs in place for the last five years. Those tariffs will, however, be reinstated during the investigation which is due to be completed within a year, China's Ministry of Commerce said.
  • Singapore may need a property gains tax or an inheritance tax to address wealth inequality in the city-state, Ravi Menon, managing director of the Monetary Authority of Singapore said. The widening wealth gap across the world has historically been driven most strongly by property investments, Menon added.
  • The Reserve Bank of India is considering a “phased introduction” of a central bank digital currency as it will need legal changes to be made in the nation’s foreign-exchange rules and information-technology laws, Deputy Governor T. Rabi Sankar said.

World 2.0

  • The semiconductor shortage that has gripped the world could last well into 2022 and hit smartphone production next, foreshadowing deficient supply for a range of appliances and industrial equipment, industry executives and an economist said. The automotive sector has suffered the most this year but supply to the sector could improve soon, with China taking up some production demand.
  • China aims to install more than 30 gigawatts of new energy storage capacity by 2025, its state planner said on Friday, as part of efforts to boost renewable power consumption while ensuring stable operation of the electric grid system. China has total energy storage capacity of about 35 GW as of 2020, of which only 3.3 GW was new energy storage, according to the China Energy Storage Alliance.
  • India on Friday dismissed appeals by Amazon and Walmart's Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the US firms in a key market. The Competition Commission of India last year ordered an inquiry after allegations from brick-and-mortar retailers that the firms promoted select sellers and stifled competition.