Kopi With YP: Your Minimalist Morning Brief, 6 Apr

Get up to speed and stay smart with the latest business, tech, and local news in under 2 minutes. 

Business

Stocks fell and bonds rose in Asia, as risk appetite soured with signs that the Fed might be trimming its balance sheet later this year.

Amazon’s CEO is selling $1 billion worth of their stock per year to fund his Blue Origin rocket company.
 

World

The Malaysian parliament passed a Tourism Tax Bill in a record session that lasted for almost 20 hours.

A rare accident for Hong Kong’s public transport system. 11 people were injured after a double-decker tram tipped over.

Japan’s Abe and Trump agreed that the North Korea’s missile launch was a “dangerous provocation and a serious threat”.
 

Local

A total of $1.7 million was mistakenly paid to newborns in Medisave grants due to a processing error.

Reading for all. This private education centre has taken the unusual step of offering classes to the underprivileged for free.

NTU is ranked third among world’s youngest elite universities, dropping one position from last year.
 

Tech

Google will invest in a subsea cable that connects Singapore to Australia, to power 8 million simultaneous Google Hangouts video calls.

Another of Microsoft’s attempt at social media. The company just launched “Who’s In”, aimed at helping friends plan events and other outings.