Global Macro / Markets / Investing:
- The World Order Is Broken – The Coronavirus Proves It. – New Republic
- The value of lives saved by social distancing outweighs the costs: Social distancing means a net benefit of $5.2 trillion, according to the analysis. – Ars Technica
- Pandemic proves there is only one world reserve currency – Aljazeera
- A debt jubilee is the only way to avoid a depression – Washington Post
- The World is Running out of Storage to Store it’s Oil – Reuters
Americas:
- ‘It is like a third world country’: Nobel economist, Joseph Stiglitz, predicts dire economic conditions in the US from Trump and GOP’s botched coronavirus response – Alternet
- ‘Scary Time’ for American Middle Class as Office Jobs Disappear – Bloomberg
- Side Hustles Becoming Full-Time Jobs As Coronavirus Shutdown Continues – CBS
- Poll: 43 percent of Americans have lost jobs or wages due to coronavirus outbreak – The Hill
- ‘It’s going to be brutal,’ billionaire Mark Cuban says of economy’s recovery from coronavirus, and ‘there’s no way to sugarcoat it’ – Market Watch
- Fears of prolonged coronavirus downturn and second wave of US cases – The Guardian
- Banks favored Commercial and High-Net Private Clients over Retail Small Businesses – NY Times
- There’s a growing possibility of a W-shaped economic recovery — and it’s scary – Washington Post
Europe:
- Spain to EU: Forcing debt on members will deepen crisis – Politico
- European airlines seek €12.8bn in bailouts without environmental conditions attached – The Guardian
- The Swedish Model is paying off: health risks well managed, economic decline is 2-4x less than lockdown countries, with much less debt – Spectator
- Denmark and Poland are refusing to bailout companies registered in offshore tax havens. – Business Insider
- Facts, not words: the EU role in the de-confinement phase – Bruegel
- EU debt as insurance against catastrophic events in the euro area: the key questions and some answers – Bruegel
Asia:
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- 1,000 foreign firms mull production in India, 300 actively pursue plan as ‘Exit China’ mantra grows – MSN
- China struggles with sharp rise in unemployment: Payment of benefits stalls as Coronavirus causes sharp rise in jobless numbers. – FT
- China on slow road to recovery, but recession risk is high: Reuters poll – Reuters
- China Called Out in U.S. Warning Over Emerging Market Investing – Bloomberg
- Unemployment soars among China’s migrant workers – Asia Times
Trans-Tasman:
- New Zealand’s early shutdown to limit the spread of coronavirus appears to have paid off – CBC
- Billionaire Kerry Stokes exempted from strict quarantine rules after arriving in Perth from Aspen by private jet – The SMH
- Labor accuses Coalition of using Covid-19 to dust off ideological IR ‘obsessions’ – The Guardian
- Australia’s high University fees ‘not viable’ after pandemic – Times Higher Education
- South China Sea tensions rise as Australian frigate exercises with US warships – ABC
- Australia urges probe into origins of coronavirus, France says not now – Reuters
- Coronavirus restrictions likely to be eased in reverse order, political sources say – ABC
- Chemist Warehouse and Priceline stun their commercial landlords by asking 50% rent reduction – Commercial Real Estate
- Virgin Australia shows again that this nation can’t sustain two airlines – ABC
- Medical supply company charging $786 for a box of 20 face masks accused of exploiting coronavirus crisis – ABC