Global Macro / Markets / Investing:
- Global economy would save up to $160 trillion by shifting to renewables, electric cars – Think Progress
- Full-blown trade war will push world toward recession – Morgan Stanley – Reuters
- Bonds, Not Stocks, Reflect the State of the Economy – Forbes
- International evidence for Keynesian economics without the Phillips curve – VOX
- US stocks fall as Huawei ban fallout hits tech shares – SCMP
- Monsanto parent company Bayer faces thousands of Roundup-cancer cases after $2 billion verdict – NBC
- Oil rises on escalating U.S.-Iran tensions; trade war concerns weigh – Reuters
- Bitcoin vs. The Federal Reserve: Overcoming Centralization and Inflation – BeInCrypto
Americas:
- “America is at full employment, so why aren’t we celebrating?” – NPR
- The gini coefficient (the basic measure of inequality) for incomes is now at its highest ever in the US – The Next Recession
- Ford will cut 7,000 white-collar jobs – CNN
- Ford to eliminate 7,000 jobs, or 10% of workforce, by end August – MarketWatch
- Nike and Adidas to Trump: Tariffs on shoes would be ‘catastrophic’ – CNN
- ‘Playing Catch-Up in the Game of Life.’ Millennials Approach Middle Age in Crisis – WSJ
- How regulators can stop leveraged lending from becoming the new subprime – Yahoo
Europe:
- Germany’s Infineon suspends shipments to Huawei: sources – Nikkei
- Greece Sends New China Wealth’s Ex-Chief Home to Face Ponzi Scheme Charges – Yicai Global
- ECB: Negative interest rates, excess liquidity and retail deposits – Europa
- Nigel Farage hit by milkshake protest on Brexit party campaign trail – Business Insider
- European nurses arriving in UK fall from 9,000 to 900 a year – Standard
- Sweden proposes international ISIS tribunal – New Europe
- German storage system proves batteries ‘profitable without subsidy’ – Energy Storage
Asia:
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- Xi Sends Trump A Message: Rare-Earth Export Ban Is Coming – Zero Hedge
- Japanese economy marks a second consecutive quarter of growth – Economo
- China to Take Actions to Steady Pork Price When Necessary – Yicai Global
- China’s Layn Plans to Build USD58.1 Million Hemp Plant in US – Yicai Global
- China’s ban on scrap imports a boon to US recycling plants – ABC News
- Asian shares steady after slump, oil jumps on Saudi comments – Reuters
- Why Yuan at Seven Would Risk Further Inflaming Trade Dispute – Bloomberg
- China must reform and make business fairer, European firms say – SCMP
Trans-Tasman:
- Queensland Government complains to Press Council over Palaszczuk ‘crosshairs’ image – ABC
- Scott Morrison’s key election 2019 tax cut promise faces delay of another year – ABC
- Crossbenchers will not support anti-corruption body unless it gets stronger powers – The Guardian
- Tony Abbott set to enjoy $296,000 pension – William Summers
- False election claims spark push for truth in political advertising laws – The Guardian
- Chris Bowen confirms he will run for Labor leadership – The Guardian
- How does your income compare to everyone else’s? – ABC
- Chinese giant BYD inks deal with Australian firm to build EVs in Adelaide – The Driven
- “I’m young, I voted Liberal and I am not a bigot” – The SMH
- Government urged to make use of Abbott’s ‘immense talents’ – The Age
- ABC staff warned $14.6m budget cut will take effect after Coalition’s re-election – The Guardian
- Their biggest challenge? Avoiding a recession – The Conversation
- One Nation, Greens set for millions in election windfall but Clive Palmer’s party misses out – ABC
- APRA suggests easing mortgage criteria – News.com.au
- Reserve Bank poised to cut interest rates in June – ABC
- Peters flags major Super and KiwiSaver changes that Ardern won’t ‘speculate’ on – Interest.co.nz