Global Macro / Markets / Investing:
- Economic ‘game changer’? African leaders launch free-trade zone – Reuters
- Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul – CNBC
- Deutsche Bank could cut up to 20,000 jobs – BBC
- Earnings recession risk increases as a flood of warnings hit – MarketWatch
- An economic indicator that has predicted every major recession since the 1960s is sending another warning – Global News
- Small-Cap Stocks: Investors Are Torn About Where To Place Bets… – Stock Market News
- ‘Markets make mistakes’: Why bonds may have overreacted on inflation – Reuters
- Gold Heads for the Longest Stretch of Gains in 8 Years – Bloomberg
Americas:
- Nearly 40% of Toronto homes not owner-occupied, new figures reveal. The rich profit off of humanity’s need for shelter. – The Guardian
- Bolsonaro defends child labor in Brazil, sparking outcry – France24
- Who Benefits from the US Economy Longest Expansion? – Florida Daily Post
- Atlanta Fed Cuts GDP Forecast to 1.3% on Slowdown Signs – News Max
- Trump again calls on Fed to juice an already-strong economy – CNN
- US sees most layoffs since the financial crisis, many in retail jobs – USA Today
- Strong job growth is back: Payrolls jump in June well above expectations – CNBC
Europe:
- UK likely to allow Huawei 5G – Medium
- Poland moves to exempt young workers from income tax – France24
- French lawmakers approve 3% tax on online giants – AP News
- German bond yield fell below the ECB’s deposit rate for the first time – Economo
- How Britain can help you get away with stealing millions: a five-step guide – The Guardian
Asia:
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- A group of Japanese companies will test solar panels for electric cars – Medium
- Chinese studios impose informal ban on American actors – FT
- Landlords big winners as Philippines bets on Chinese gaming boom – Reuters
- Is China headed towards another Cultural Revolution? – Hong Kong FP
- Conflict breaks out between Hong Kong protesters and police – The Guardian
- Chinese ambassador denies separation campaign – BBC
- Huawei warns against ‘politicisation’ of intellectual property and says it has never engaged in IP theft – SCMP
- Is China’s propaganda machine losing the public relations battle with the US? – SCMP
Trans-Tasman:
- Australia’s biggest private health insurers illegally rejected thousands of claims – The Guardian
- Peter Dutton approved budget savings the day before condemning cuts to border patrols – The SMH
- Hinch calls for end to MP allowance ‘rort’ – SBS
- Australia on track to become one of the ‘world’s worst’ climate damagers – SBS
- What we missed while we looked away — the growth of long‐term unemployment – The Conversation
- How taxpayers are funding a huge corporate expansion in the Murray-Darling Basin – ABC
- House prices and household income plummet under the Coalition – Independent Australia
- ATO says employers using Uber for staff can’t get tax breaks, but those using ‘taxis’ can – ABC
- Jobs growth in the retail and hospitality sectors has more than halved since the cuts to Sunday penalty rates – Michael West
- Australian immunisation rates reach record levels. – The Guardian
- Cory Bernardi on the painful death of the Australian Conservatives – The Guardian
- Why tax cuts aren’t enough to stave off recession – ABC
- Retirees demand a permanent fix in growing row over pension payments – The SMH
- ‘GDP growth not much above the rate of population growth’ – Interest.co.nz