Trending headlines 1st August 2022

A regulatory breakthrough is expected to slash costs for investors trading over-the-counter derivatives in China, the latest step in opening up the nation's capital markets to foreign investors. As party members decide, Truss has upper hand in contest to be Britain's new PM. Seven in 10 Singapore employees want a four-day work week to help them achieve better balance in their lives, the Straits Times reports, citing a poll. Japan's Hayashi says 'logic of brute force' gaining traction in Indo-Pacific. The first ship to export Ukrainian grain since an agreement was reached for the safe transit of vessels may depart as soon as Monday, Haberturk TV reported. Kirin, Japan's second-biggest brewer, is planning to expand in health care to reduce its reliance on beer as it foresees increasing regulation of alcoholic beverages. Chinese developer Evergrande's unit ordered to pay out $1.1 billion. Climate change made Britain's heatwave at least 10 times more likely, scientists say. Indonesia is creating its own metaverse to compete with Facebook and Google. South Africa's governing party rejected calls to review a rule that compels indicted officials to step down, marking a setback for President Cyril Ramaphosa's detractors. After peacefully expanding in their respective domains for over two decades, Asia's two richest men are increasingly treading the same ground, setting the stage for a clash. N.Korea reports no new fever cases for first time since COVID oubtreak. London's High Court rules against Venezuela's Maduro in $1 billion gold battle. Senegal President Macky Sall's ruling coalition said it has won 30 of the country's 46 administrative departments, giving it a slim majority parliament following Sunday's legislative election. Another three quarters of a percentage point was the latest rate hike from the U.S. Federal Reserve. 0.9% was the shock slide for U.S. GDP in the second quarter, when economists had predicted a rebound. Thailand real estate market outlook uncertain after central bank rate hike. Here are the big business and finance stories in numbers . Deshaun Watson was suspended for six NFL games following accusations of sexual misconduct made against him by two dozen women in Texas, two people familiar with the decision said. South Africa's National Treasury has published draft reforms aimed at encouraging citizens to have easily accessible savings, while also ringfencing funds meant for retirement.. Tokyo 2020 ex-board member got more payments from Olympic sponsor - media. Shenzhen accelerates China's driverless car dreams. Former British envoy to US, Christopher Meyer, dies. 

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