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Biden’s Big Tech alliance shows a power shift

It would normally be awkward asking a group of companies worth more than $4 trillion for help. But the leaders of Apple Inc, Amazon.com Inc, Microsoft Inc and Alphabet Inc’s Google sat up and listened when President Joe Biden sought their cooperation last week in protecting US infrastructure from cyber threats. They weren’t just being polite. All four firms are ...

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Asian currencies face more risk from slowdown in China

Bloomberg From Covid risks to talk of a reduction in US stimulus, there’s been no shortage of bad news for Asian currencies. An upcoming report on China’s manufacturing sector may add to the pressure. Traders are looking to Chinese factory data for clues on the global outlook after the world’s second-largest economy slowed more sharply than expected in July. The ...

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HK’s OneDegree raises $28m in new funding

Bloomberg OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co and AEF Greater Bay Area Fund took part in the series B1 round along with six existing investors, according to a statement on Monday. The latest investments take OneDegree’s total ...

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