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Between July 22 and July 27, the Nasdaq Golden Dragon China Index - which tracks 98 of China's biggest firms listed in the United States - crashed by more than 22 per cent. The proximate cause was the Chinese government's new regulations on the country's US$100 billion (S$135 billion) after-school education industry that require companies to operate as non-profit entities and bar them from raising foreign capital.

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The surprisingly harsh public rebuke by Malaysia's King has plunged the country into its most serious constitutional crisis.
Recent events underscore the playing out of geopolitical rivalries among the United States, China, Russia and India
PM Suga said the Olympics should not be made a scapegoat for the ongoing surge. 
The number of cases is getting so high that undertakers are facing a shortage of coffins.

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