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Global Macro / Markets / Investing:
- Banks Sued for LIBOR Collusion – Rolling Stone
- Skills, not job titles, are the new metric for the labor market – Weforum
- In September, Amazon Could Launch Food Delivery Service – Yuv News
- A Flood of Counterfeit Products Is Coming: Can Blockchain Hold It Back? – BeInCrypto
- Investors Continue to Redeem Assets from Hedge Funds in June – Integrity Research
- Why Central Banks are Refusing to Pull the Trigger on Rate Hikes – Liberty Nation
Americas:
- Warren moves to outflank Trump on trade – Politico
- Economic slowdown: No recession, but no 3 percent growth – VOX
- The Confusing Federal Reserve – WSJ
- Trade jitters running high at U.S. companies ahead of new U.S.-China talks – Reuters
- GM is halting production at a 78-year-old Detroit-area plant this week – CNN
- Why the Fed Is Cutting Rates When the Economy Looks Good – WSJ
- Former Fed Chair Janet Yellen says she’s in favor of an interest rate cut – CNBC
- That bad? How the U.S. economy stacks up to past rate cut cycles – Reuters
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Europe:
- Johnson plays Brexit hardball from a submarine base; pound tumbles – Japan Today
- Ryanair’s Profits Fall Amid Price Competition, Higher Costs And Brexit – Forbes
- Danish Gambling Authority Blocks Access to 10 Online Casinos and 15 Skin Gambling Websites – Correct Casinos
- Boris Johnson won’t start Brexit talks unless EU moves on backstop – Politico
- Pound drops to lowest level in two years amid no-deal Brexit rhetoric – The Guardian
- Sweden calls for more donors as knife crime and holidays lead to blood shortage – The Local
- Italy to build new high-speed rail line cutting journey from UK to just six hours – Independent
Asia:
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- China Urges State Firms to Swap Debt for Equity to Clean Up Zombies – Yicai Global
- Muted growth for online commerce: Net, net, India’s net use slowing – Economic Times
- Investors shift focus back to US-China trade war as talks set to start in Shanghai – SCMP
- Vietnam seizes 125 kilos of rhino horn hidden in plaster – France 24
- US, China set to sign Singapore Convention for trade dispute mediation – Channel News Asia
Trans-Tasman:
- Poverty is rising again in Australia and expert cites welfare changes as likely cause – The Guardian
- Home Affairs admits to deal with Crown Casinos to fast-track visas for Chinese visitors to Australia – ABC
- Without a wages boost we face a lost decade of living standard growth – The Guardian
- Home Affairs had an agreement to fast-track visa applications for Crown – The SMH
- AFP wants a system to collect social and political info to aid police operations – ZD Net
- Centrelink’s ‘robodebt’ program ‘harsh and unfair’ and should be scrapped, Federal Labor says – ABC
- Crown Casino took Chinese high-rollers Wombat Hunting – New Daily
- UN chief calls for 2050 zero emissions plans – but Australia remains tightlipped – The Guardian
- New survey reveals suburban dads are the ‘unhappiest in Australia’ – News.com.au
- Commuting times soar, with house prices and population boom blamed for gridlock – ABC
- Property sales tumble leading to prediction of ‘100,000 job losses’ – The SMH
- PM derides dole hike as ‘unfunded empathy’ – News.com.au
- Rent increases slowing in Auckland – Interest.co.nz
- New dwelling consents in Auckland hit record high of 14,000 in year to June – Interest.co.nz
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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