Global Macro / Markets / Investing:
- Global defense spending reached its highest level in 30 years – Economo
- Oil prices plunge and stock markets revives – NY Times
- There’s no end in sight to coronavirus stimulus spending – Axios
- S&P 500 companies spent $7 trillion on buybacks and dividends and “been rewarded’ by coronavirus bailouts, says Social Capital CEO – MarketWatch
- The End Of Lockdowns Looms – What Is The Biggest Danger? – Zero Hedge
Americas:
- Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B – Forbes
- Coming Soon: A ‘Tsunami’ Of Business Bankruptcies – Talking Points Memo
- We’re Gonna Need a Bigger Stimulus Cities and states are facing “a fiscal cliff of their own.” – Slate
- After coronavirus, the U.S. will ‘never return to free-market capitalism as we knew it,’ – Market Watch
- House Speaker Pelosi says may look at guaranteed income, other aid – Reuters
- Pandemic Triggers A Wave of Distress, Bankruptcy In Corporate America – Stock Market News
Europe:
- British Govt to give £60k life assurance payout to families of medics and care workers killed in Coronavirus line of duty – Mazech Media
- Prague mayor under police protection amid reports of Russian plot – The Guardian
- Swedish activists seek to rename square outside Chinese consulate after imprisoned bookseller Gui Minhai – Hong Kong FP
- Coronavirus: Germany ‘rejected China’s bid for positive spin’ on pandemic response – SCMP
- Germany significantly increases military spending – DW
- Czech government takes step towards building new nuclear plant – Reuters
Asia:
Advertisement
- Two Chinese nationals arrested in Nigeria for illegal gold mining – Mazech Media
- Overwhelming Majority Say Time To ‘Decouple’ From China – Forbes
- Bank of Japan prepares for unlimited quantitative easing – Decrypt
- China Brokerage Retracts Estimate That Real Jobless Level is 20% – Bloomberg
- BOJ ramps up risky asset buying, pledges unlimited bond buying – Reuters
- China’s industrial giants see profits collapse in first quarter of 2020 – SCMP
Trans-Tasman:
- Kerry Stokes skips hotel quarantine for the comforts of home while Seven West Media skips covering the story – ABC
- Call centre staff in the Philippines have been sleeping at work during coronavirus lockdowns to help Australian customers – ABC
- China’s man in Canberra has unmasked the regime’s true face – The SMH
- Jobactive agencies to reap millions amid soaring coronavirus unemployment – The Guardian
- First Victoria-built electric bus gets thumbs up from bus expert – The Driven
- Coronavirus app: will Australians trust a government with a history of tech fails and data breaches? – The Guardian
- Australia could lose billions from Chinese government boycott threat – The SMH
- How Australians feel about the coronavirus crisis and Scott Morrison’s response – ABC News
- JobSeeker payments start, bringing relief — and questions as to why it took the coronavirus pandemic to get a welfare boost – ABC
- OCR could go negative as early as November – Westpac economist – Interest.co.nz