The Economic Corner || Why U.S. And Allies Have Accused China Of Global Hacking?

The programme touches upon the latest economic and financial developments across the globe, some of which can have far-reaching effects worldwide. Watch The Economic Corner on Kalkine TV and stay updated.

• First up on the Economic Corner is an update from Australia's Central bank. Earlier, the Reserve Bank of Australia policy Board considered economic outcomes had been "materially" better than expected, particularly in the labour market. As a result, it decided that from September it would reduce the amount of bonds it was buying every week to $2.94 billion.

•  The United States and its allies accused China of a global cyberespionage campaign. The United States was joined by The North Atlantic Treaty Organization, the European Union, Australia, Britain, Canada, Japan and New Zealand in condemning the spying.

•  England has lifted all its remaining COVID-19 restrictions and unlock the nation. The nation pushed ahead with its planned "Freedom Day" on Monday, with all COVID-19 restrictions officially lifted.

• Canada has confirmed that it will begin to allow fully vaccinated American tourists to enter the country from early August.

• Amazon founder Jeff Bezos will fly to space today with his younger brother Mark, 82-year-old aviator Wally Funk and 18-year-old Dutch student Oliver Daemen. He decided to fly today as today is the anniversary of the first Moon landing.

• The International Olympic Committee will hold a session to announce the 2032 games host.

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