Global Macro / Markets / Investing:
- Zoom now worth more than 7 of the world’s largest airlines combined – Mazech
- Buckle your seat belts, the road ahead is going to be bumpy, warns El-Erian – Market Watch
- Some 42% Of Jobs Lost In Pandemic Are Gone For Good – Forbes
Americas:
- Powell says jobless rate could top 30%, but he doesn’t see another Depression – CNBC
- US factory production dropped by 13.7% in April – Economo
- Fed Warns of Significant Hit to Asset Prices If Crisis Grows – Bloomberg
- The US House of Representatives has approved a package of measures worth 3 trillion USD – Economo
- White House floats large corporate tax cut for firms that bring jobs back from overseas – Washington Post
- Coronavirus could push Social Security to insolvency before 2030 – Politico
- The US retail sales reported a new record decline – Economo
- Crushing the States, Saving the Banks: The Fed’s Generous New Rules – Common Dreams
- Coronavirus Employment Shock Hits Women Harder Than Men – WSJ
Europe:
- How England became the ‘sweetshop of Europe’ – The Conversation
- China Threatens to Place Apple, Boeing, and Other U.S. Firms on ‘Unreliable Entities’ List – Yahoo
- The EU must temporarily ban China from buying its companies – Economo
- New paper calls into question benefits of Swedish strategy – NewsRoom
- EU Parliament says sensitive data of 1,200 officials left exposed on web – Politico
- Italians are losing faith in the European Union as allies remain deaf to calls for help – Newsweek
Asia:
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- Japan’s economy slips into recession – France 24
- Chinese industrial production rose in April for the first time since the coronavirus outbreak – Economo
- China Wants Workers to Stay in the Countryside: Beijing is doubling down on its plan to keep migrants out of big cities. – Foreign Policy
- China’s aggressive approach to coronavirus criticism ‘not working’ – SCMP
- Americans Are Giving Made-in-China the Cold Shoulder: New poll shows 40% won’t buy Made-in-China products – Bloomberg
- China Is Spying on Uighur Muslims in the UK – Vice
- China trying to divide and rule in Europe, EU foreign policy chief says – SCMP
Trans-Tasman:
- Australia’s most senior former public servants and scientists reveal their anger about climate policy failure – ABC
- Robodebt: Centrelink to issue hundreds of thousands of class action notices for trial – The Guardian
- Labor leader argues against keeping Jobseeker payment at boosted rate – The Guardian
- Australia is facing a ‘once-in-a-lifetime opportunity’ as cycling booms, advocates say – ABC
- Queensland border closure could remain in place until September, Premier warns – ABC
- Greens demand job guarantees and free education for young people in coronavirus recovery plan – ABC News
- McDonald’s closes 12 restaurants after a delivery driver tests positive to COVID-19 – The SMH
- Coronavirus has remade Scott Morrison’s prime ministership, a year on from the election – ABC
- First home buyers borrowing till it hurts – and maybe it will – Interest.co.nz
- Don’t worry about the debt, worry about what it’s spent on – Interest.co.nz
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