Global Macro / Markets / Investing:
- Over $100 Billion of Treasuries Dumped by Foreign Central Banks – Yahoo
- Stronger pandemic response yields better economic recovery – MIT
- The world could soon run out of space to store oil. That may plunge prices below zero – CNN
- Ben Bernanke on COVID-19 downturn: “With help from the Federal Reserve and from the Treasury, I’m not really expecting a major financial crisis.” – MarketPlace
- Paris Club creditors agree to cancel $1.4 billion of Somali debt – Reuters
- COVID-19 has exposed the fragility of our economies – Euractiv
- Maybe the Coronavirus Didn’t End the Bull Market – Bloomberg
- Coronavirus could lead to 25 percent decline in GDP in some countries, OECD warns – RMX
- Economists Are Losing Hope in a ‘V-Shaped’ Post-Virus Recovery – Bloomberg
Americas:
- Uninsured Americans could be facing nearly $75,000 in medical bills if hospitalized for coronavirus – CNBC
- This Looks Like a Depression, Not a Recession – Medium
- These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says – MarketWatch
- Economists Warn Full Recovery Could ‘Take Years’ as Fed Index Sees Worse Collapse Than During the Great Recession – NewsWeek
- The U.S. Was Already Deep In Debt. This Year’s Deficit Will Be ‘Mind-Boggling’ – NPR
- A new chart shows the US economy has already plummeted to Great Recession lows – Business Insider
- Wind, Solar Farms Are Seen as Havens in Coronavirus Storm – WSJ
- The covid-19 crisis may be a tipping point for labor – NY Mag
Europe:
- The corona crisis will cost the European countries hundreds of billions of euros – value added losses of up to 20 percent – Interview Welt
- Putin prohibits Ukrainians from owning land in Russian – KHPG
- Donald Tusk urges expulsion of Orban’s Fidesz from European People’s Party over emergency law – Euro News
- Russia and China push ‘fake news’ aimed at weakening Europe: report – Politico
- Dutch propose emergency fund for coronavirus nations. Willing to make a 1 billion euro donation – National Post
- Why We, Italians, Are Angry With China – And Want ‘War Damages’ – The Quint
Asia:
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- Tech companies look to move manufacturing out of China – Bloomberg
- Taiwan to donate 10m masks to Europe and US – FT
- Philippine President Duterte Tells Military to Shoot Those Who Criticize the Government’s Actions – Filipino Times
- Nepal to Test COVID-19 Test Kits from China; Hospitals Told Not to Use the Test Kits from China – Nepal Times
- Taiwan to Ship Australia 3 Tons of Mask Fabric in Exchange for Medical Alcohol – Taiwan News
- China Reports Fewer Coronavirus Infections, Tallies Asymptomatic Cases – Reuters
Trans-Tasman:
- Australian officials again refuse to release coronavirus modelling – The Guardian
- Calls for greater scrutiny of government during shutdown – The SMH
- Scott Morrison announces free childcare – The Guardian
- Real estate agents criticised for suggesting tenants consider using superannuation to pay rent – The Guardian
- Virgin Australia: buy the business, don’t bail out the shareholders – Michael West
- Labor says parliament should sit to scrutinise government’s coronavirus emergency powers – The Guardian
- Coronavirus shows Australia’s tax cuts were based on pure fantasy – The Guardian
- Here’s how to save $5,000 on income tax over the next six months. It’s legal but is it fair? – ABC
- Migrants face homelessness as coronavirus measures ignore foreign workers – New Daily
- Moody’s gives NZ banking system ‘negative’ outlook – Interest.co.nz