Global Macro / Markets / Investing:
- US-China trade war to cost $455bn in lost output, says IMF – The Guardian
- ‘Socialism for the rich’: the evils of bad economics – The Guardian
- Another Sign of Economic Worry: Tumbling Oil Prices – NY Times
- 2 economists imagined a financial crisis without stimulus or bailouts. It’s … ugly. – VOX
- New correlation data suggest people and institutions may be using bitcoin as a hedge against global markets – Sfox
Americas:
- Trump promised to put ‘American truckers first.’ Drivers say he hasn’t delivered. – NBC News
- Study Finds Trump Tax Cuts Failed to Do Anything But Give Rich People Money – NY Mag
- Auto loans hit record high, sending borrowers with the best credit to the used market – CNBC
- Recent college grad is charged with running a Ponzi scheme out of his frat house – CNBC
- Job creation drops to 9-year low in May – CBS News
- The fate of Trump’s economy now hinges on the Federal Reserve, the agency the president called ‘crazy’ – Washington Post
- US weekly jobless claims are unchanged, pointing to labor market strength – CNBC
- Schumer points to resolution to block Trump tariffs on Mexico – MSN
- California has 4th best state economy, by two measurements – OC register
Europe:
- German bond yields at record lows amid recession fears – DW
- European shares rise on hopes of ECB action, Fiat bounces – Reuters
- D-Day veteran: ‘Brexit worries me. Breaking up European nations would be a crying shame’ – iNews
- Spain will build the largest solar farm in Europe – Bloomberg
- Luxury cruise giant emits 10 times more air pollution (SOx) than all of Europe’s cars – study – Transport Environment
- No, America. Angela Merkel is not a progressive champion. – Washington Post
- Tourists are rushing to Chernobyl nuclear site following success of HBO series – Irish Post
Asia:
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- Trump warns China of an additional $300 billion in tariffs – The Hill
- Vietnam, Taiwan winning the US-China trade war – DW
- Vietnam biggest winner from first year of the US-China trade war as supply chains shift, report shows – SCMP
- Shanghai posts sixth straight day of losses while Hong Kong gains as fears of oil glut are added to jitters around ongoing trade war – SCMP
- India to order taxi aggregators like Uber, Ola to go electric – Trust
- Weapon of choice? China rare earth prices soar on their potential role in trade war – Reuters
- China rolls out new measures to spur car sales – Reuters
Trans-Tasman:
- Australian federal police to be grilled over media raids when parliament returns – The Guardian
- ABC chair Ita Buttrose condemns AFP raid, vows to fight attempts to ‘muzzle’ broadcaster – ABC
- Albanese, Dutton in heated exchange on AFP media raids – MSN
- Data Dumped: it’s all bad news for the Australian economy – Michael West
- Uber drivers are not employees, Fair Work Ombudsman finds – ABC News
- Police Raids On ABC And Others Are Disgraceful – Institute of Public Affairs
- Whistleblower protections ‘a sham’, says lawyer whose leaks led to ABC raids – The Guardian
- Scott Morrison to get $10,000 pay rise in pollie wage boost – SBS
- Superannuation changes could strip vulnerable Australians of insurance – ABC
- Further Downturn in the Aussie Constuction Industry. – ABC
- SBS Bank boss sees 3% ‘psychological barrier’ for depositors – Interest.co.nz