Global Macro / Markets / Investing:
- Russia backs Saudi plan to boost oil output at OPEC – FT
- How AI is cutting costs, building loyalty, and enhancing security for financial services – Business Insider
- Tit-for-tat tariff battle could spark downturn in global economy – BIS
- The three largest economic areas in the world are in the midst of a trade war which will have important consequences on global growth and welfare. Bruegel
- What does it mean to have rational expectations? – VOXEU
- Bitcoin “could break the internet” – Bloomberg
Americas:
- Chinese investment in the United States has plummeted 92% this year– CNN
- US Navy preparing to build detention centers for thousands of migrants – GlobalTimes
- White House press secretary asked to leave restaurant – FT
- Trump threatens tariffs on European auto imports in escalation of trade dispute – LA Times
Europe/Middle East:
- Brexit has already cost the U.K. more than its EU budget payments, study shows – Bloomberg
- Nearly 300 Turkish diplomats seek asylum in Germany since coup attempt: report – Reuters
- Thousands of anti-Brexit protesters march on 2nd anniversary of vote – Mirror
- European income inequality begins to fall once again according to the Gini coefficient of income inequality in the EU and the US between 1988-2016 – Bruegel
- All roads for Europe now lead through Rome – Project Syndicate
Asia:
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- One in four surveyed Japanese workers admits to wanting to kill boss – Japan Today
- China’s central bank will unlock US$100 billion for lenders to bail out troubled businesses – SCMP
- The People’s Bank of China announced Sunday a 0.5-percentage point cut in the reserve requirement ratio for banks beginning July 5. – Global Times
Trans-Tasman:
- John Denton wants to transform the almost 100-year-old International Chamber of Commerce to make it more relevant in the 21st century, – AFR
- Australia’s Korea policy needs a reset: – The Diplomat
- Australia orders national enquiry into workplace harassment in wake of METOO – FT (hmmmm…..this will be interesting – watch out for the SJWs to hijack this)
Miscellaneous:
- Some 640,000 tonnes of fishing gear is lost in the ocean each year, trapping marine life for decades and condemning it to death – Sky
- World’s only ban on women drivers ends – CNN (now if they could ban the beheadings…)
- Didi Chuxing president Jean Liu’s advice for working women: “It’s supposed to be hard” – Quartz
- Extremely hot weather has a bigger effect on life satisfaction than getting a divorce – Quartz
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