Global Macro / Markets / Investing:
- The U.S. would take a bigger hit, given that $50 billion represents about 38% of US exports to China, while the same dollar amount represents only 10% of Chinese exports to the U.S – S&PGlobal
- While political analysts were quick to declare the end of the G7’s coherence, integrity, and usefulness after this month’s tense summit in Canada, markets were unfazed – Project Syndicate
- Europe cuts back on Russian oil purchases by 20% due to poor quality – UAwire
- Auto stocks slide as Trump threatens even more taxes on Chinese imports – Business Insider
Americas:
- Americans own 40 percent of world’s firearms: study – Yahoo
- Senate Approves Ban On Sale Of U.S. F-35s To Turkey Over Russia Deal– RFERL
- Team Trump’s dissembling over migrant kids is a test for basic decency – Bloomberg
- American toddlers are eating more sugar than the amount recommended for adults – Quartz
- Housing Starts increased to 1.350 Million Annual Rate in May – Bill McBride
Europe/Middle East:
- Italy’s far-right government announces ‘census’ and deportations of Roma traveller population – Independent
- Millennials in the UK are on track to be the first generation to be less healthy than their parents by the time they reach middle age, a new report suggests – CNN
- EU leaders may commit to measures limiting the movement of asylum-seekers between EU member states – Bloomberg
- Saudi Arabia sacks entertainment chief amid fury over circus performers in leotards – SCMP (go Saudis!)
- They’re hopelessly divided over Brexit. Now Theresa May’s Conservatives can’t agree on legalizing marijuana – Bloomberg
- 51% of Russians say they want Putin as President after 2024 – 49% couldn’t comment.
Asia:
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- N.Korea Offers to Remove Long-Range Artillery from Frontline – Chosun
- North Korea’s Kim is making another trip to China. That complicates things for Trump. – WaPo
- Hong Kong may reclaim spot in top 3 global IPO markets in second half of 2018 – SCMP
- Kim Jong Un Is in China for Brief Visit – Caixin Global
Trans-Tasman:
- An Australian court has fined Apple A$9m (£5m; $6.5m) for refusing to fix iPhones and iPads that had been serviced by third parties. – BBC
- 10,000 Australians held a vigil for a young woman killed while walking home, and it’s bringing attention to a much bigger issue – Guardian
- ‘We are not your punching bag’: ABC boss Michelle Guthrie hits back at the Liberal Party – SMH
- Liberals’ lurch to the right is straight out of Trump playbook | The New Daily – yep, but what are the regressive left going to do?
- Fears of housing ‘fire sale’ as interest-only loans roll into principal plus interest – ABC
Miscellaneous:
- World Health Organisation announces it no longer classifies being transgender as a mental illness – Pinknews (although the dysphoria still is an illness, the transitioning is not- at the end of the day there’s still only two genders ladies and gentlemen!)
- Tesla was hit with “extensive and damaging sabotage” by a rogue employee, Elon Musk says – Bloomberg
- How tech is harming its most vulnerable users – Bloomberg
- Peek at the future: Norway tests tiny electric plane, sees passenger flights by 2025 – SCMP
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