Global Macro / Markets / Investing:
- Trump’s Trade Threats are Really Cold War 2.0 – Counter Punch
- Saudi energy minister says hopes to balance oil market before next year – Reuters
- A Morgan Stanley economic indicator just suffered a record collapse – CNBC
- Study finds that a GPS outage would cost $1 billion per day – Ars Technica
- Retirees Might Run Out of Money 10 Years Before They Die – Bloomberg
Americas:
- Trump warns of a ‘market crash the likes of which has not been seen before’ if he loses 2020 election – Business Insider
- Despite Trump’s tariff game, US budget deficit shots up to $738.6 billion – The Economy Club
- GOP in disarray as budget impasse threatens shutdown, deep cuts — and default – Washington Post
- Big businesses paying even less than expected under GOP tax law – Politico
- Making sense of NAFTA and its replacement – The Stand
- Despite all the naysayers who are bashing President Trump’s tariffs, import costs to the U.S. FELL in May – National Sentinel
- Wages up 7% in Los Angeles/Orange County year over year, a real wage increase of nearly 4% – LA Times
- America’s Battle Over Housing Is Just Getting Started – Bloomberg
- If the Economy Is So Great, Why Are Car Loan Defaults at a Record High? – CityLab
Europe:
- EU stands by Cyprus in its dispute over natural gas deposits with Turkey – The Economy Club
- Italy adopts decree that could fine migrant rescuers up to €50,000 – The Guardian
- EU rejects US’ demand for automatic access to the bloc’s defence budget – Defense News
- Why Europe’s Far Right Is Targeting Gender Studies – The Atlantic
- The EU’s big Balkan botch-up – Politico
- Spain’s conservatives retake Madrid in pact with far-right – Reuters
- European Commission report: Russia spread “continued and sustained” disinformation ahead of EU elections – DW
Asia:
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- Taiwan Recalls Quaker Oats Products Imported from U.S. After Detecting Glyphosate Exceeding Legal Levels – Ecowatch
- India to impose retaliatory tariffs on 28 U.S. goods from Sunday – Reuters
- 7-Eleven stores struggling in face of labor shortage – Japan Today
- Japanese companies oppose U.S. additional tariffs on China – Japan Today
- China hikes anti-dumping tax rate 10 times to get back at US – The Economy Club
- Over 600 U.S. companies urge Trump to resolve trade dispute with China – Reuters
- Huawei files to trademark Hongmeng mobile OS around the world after U.S. ban – Globe & Mail
Trans-Tasman:
- Queensland union leader speaks out against Adani mine – Red Flag
- ‘Stop Adani’ protest to go global despite election backlash: Bob Brown – Brisbane Times
- Aussie Blocking Juggernaut Continues With 105 More ‘Pirate’ Domains – Torrent Freak
- Why the AFP media raids are even more sinister than many thought – The SMH
- Australia warned it’s falling behind the rest of the world on climate change – News.com.au
- Lobbyist firm Barton Deakin says it ‘strongly supports’ introduction of watchdog – The Guardian
- Arnott’s Biscuits bites into robotics with $65m automated warehouse – IT News
- Sydney high-rise in Mascot evacuated after residents spot cracks in building – ABC
- Environment Minister floats ‘lending’ Murray Darling environmental water to farmers – The Age
- Australia has been seduced by creeping authoritarianism – and its citizens need to wake up – The Guardian
- Nothing new in Coalition’s nuclear awakening. No, wait, perhaps there is – The Guardian
- Top uni wants to lower entry standards to counter student exodus – The SMH
- Auckland’s insatiable appetite for housing land versus feeding its growing population – Interest.co.nz
- KiwiBuild’s problems mean it should be tweaked rather than scrapped – Interest.co.nz
- What nation isn’t obsessed with ensuring economic growth? New Zealand, apparently. – Washington Post