Global Macro / Markets / Investing:
- Trump’s trade wars have cost the stock market $5 trillion and counting: Deutsche Bank – CNBC
- The new “sharecroppers”: AI programs are being powered by thousands of low wage workers – Axios
- Real World Economics: Weather, bad crops and lasting effects – Twin Cities
- 80% of trade takes place in ‘value chains’ linked to transnational corporations, UNCTAD report says – UNCTAD
- The World’s Wealthiest People And Companies Are Holding Record Levels Of Unused Cash – Axios
- G20 finance chiefs cite ‘intensified’ trade row, but don’t call for its resolution – ChannelNewsAsia
Americas:
- As Trump Suspends New Tariffs on Mexico, Experts Warn That His Threats Damage the U.S. Economy – Time
- Elizabeth Warren’s Economic Nationalism Vision Shows There’s A Better Way – The Guardian
- Elizabeth Warren’s Theory of Capitalism – The Atlantic
- Trump warns Mexico he’ll go back to ‘very profitable’ position on tariffs if cooperation fails – The Hill
- The Most Shocking Statistic About Poverty in America Was Probably Wrong All Along – Slate
- US$120bil company to be formed in biggest ever merger in Technology sector – The Star
- Low prices, floods and trade wars plague American farmers, putting their survival at risk – USA Today
- Mexico had planned on most actions in border deal before Trump tariff threat – CNN
- The US economy is the world’s ‘bright spot,’ and there’s no sign of a recession: Treasury secretary – CNBC
- Trump Mixes Economic and National Security, Plunging the U.S. into Multiple Fights – NY Times
- Chile Central Bank Stuns Market With a Half-Point Rate Cut – Bloomberg
Europe:
- Medical Marijuana Gets Backing From Church of England – Bloomberg
- German boat captain Pia Klemp faces prison in Italy for migrant rescues – DW
- Boris Johnson is ‘poisoning our politics’, says Tory leadership rival – The Independent
- UK not paying Brexit bill would be debt default, French source says – Reuters
- Boris Johnson: I won’t pay £39bn unless EU gives Britain better exit terms – Sky
Asia:
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- China’s Churning Out Revolutionary Cancer Drugs Much Cheaper Than the U.S. – Bloomberg
- Trump acting budget chief asks for delay on Huawei restrictions – The Star
- New bipartisan bills threaten Chinese IPOs and Chinese companies listed in the U.S. – Yahoo
- Goldman Expects Yuan to Breach 7 Per Dollar Within Three Months – Bloomberg
- The China Battle Has Just Started : Democracy Journal – Democracy Journal
Trans-Tasman:
- Dutton denies organising raids and threatens to raid whoever claims that he did – Chaser
- Coalition’s income tax plan will gift highest earners $33bn – The Guardian
- Scott Morrison’s $158 billion tax cuts in limbo as Pauline Hanson says ‘no’ – The SMH
- AFP raids add to picture of a Morrison government emboldened – The Age
- Scott Morrison among world’s highest paid politicians in the world – The New Daily
- Why Scott Morrison is paid three times what he’s worth – Independent Australia
- Canberra wants to legalise weed for personal use, but the finer details are clouding the air – ABC
- Jobs are the main factor keeping Australia’s economy from recession – ABC
- Australian housing market at its slowest in 12 years – ABC
- China closing in on US as our second biggest export beef market – Stock Journal
- AEMO to model “step change” in energy transition and major emission cuts – Renew Economy
- Tobacco importation to be prohibited from July 1 – Sky News
- Australia doesn’t protect free speech, but it could – The Conversation
- ANZ economists to the RBNZ: ‘Don’t save your bullets’ – Interest.co.nz
- Demographics will force tax changes – Interest.co.nz