Global Macro / Markets / Investing:
- Wall Street banks spend more than $1bn on severance costs amid sharp job cuts – FT
- Why is technology not making us more productive? – BBC (Millennials!)
- Oil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit – Bloomberg
- G20 deal on fossil fuels blocked after Saudi opposition – FT
- The bear market is dying after less than 20 months as almost $10 trillion floods back into equity values – Fortune
Americas:
- Too Many Apartments For Wealthy Rather Than Middle Income Contributing To Negative Public Perception of Best US Economy Since 1999 – The Atlantic
- Extreme heat forces US airlines to limit passengers and fuel loads – Guardian
- Could America’s economy escape recession? “A soft landing, once a faint hope, is now among the plausible outcomes.” – Economist
- US economic soft landing hinges on Fed’s tolerance of inflation – Moneycontrol
Europe/Middle East:
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- Britain is now a poor nation. This is the number one issue we face – Telegraph
- Will the ECB slow its interest rate hikes as euro zone inflation cools? – Reuters
- One Year After Liftoff, ECB Grapples With Endgame for Rate Hikes – Bloomberg
- Sending F-16s to Ukraine in fight against Russia would take ‘months and months’: Blinken – ABCNews
- Chaotic airport scenes as thousands flee Greek tourist islands – Yahoo
- Russia accuses Ukraine of Moscow drone attack – BBC
- US still refuses to transfer ATACMS to Ukraine – Pravda
Asia:
- Demographics is destiny. That’s why so many countries in Europe are importing millions of migrants. Also China, the country that made a “one child policy” law for decades, is also importing millions of migrants. Right? – DW
- Chinese real estate giant reveals staggering $81 billion loss amid slump – WaPo
- Putting Japan’s coming inheritance windfall to good use – JapanTimes
- China warns Japan on NATO, hopes it refrains from undermining trust in region – Reuters
- US sends another submarine to South Korea, adding to show of force against North Korea – ApNews
Trans-Tasman:
- New Zealand greenhouse gas pollution falls 9% in the last three years – Stuff
- New Zealand’s justice minister resigns after being charged with reckless driving and resisting arrest. – RNZ
- Labor to give casuals new rights to full-time employment in move to improve job security – Guardian
- Kmart and Target brands to merge – News.com.au
- Australia to spend $10 billion on new fleet of Hercules planes – The Age