Global Macro / Markets / Investing:
- The Emerging Debt Crisis in Emerging Markets – Canny Capitalist
- 5G and the dramatic chaos during the global pandemic – Siniteco
- Market pros have high hopes for a COVID-19 vaccine – Yahoo
Americas:
- Fed Minneapolis: The US unemployment is actually 25%, not the official 14.7% – Economo
- Study finds 44% of U.S. unemployment applicants have been denied or are still waiting – CNBC
- Americans are in financial trouble — why $1,200 stimulus checks are only a Band-Aid – MarketWatch
- Reopening states aren’t seeing an economic boom – Business Insider
- This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying – Market Watch
- US economy ‘could easily contract 30%’ over virus – BBC
Europe:
- Germany has provided more than 50% of EU state aid to deal with the coronavirus crisis – Economo
- New car registrations in Europe fall 76% in April as coronavirus lockdowns hit sales – CNBC
- Fair Taxation is the key to recovery – New Europe
- The UK labor market continues making negative records – Economo
- Large firms who borrow from the UK taxpayer will be banned from paying bonuses and dividend – BBC
- Germany and France propose $545 billion recovery plan as Europe girds for ‘recession of historic proportions’ – Market Watch
- Bundesbank: Germany’s economic recovery should begin in the second quarter – Economo
Asia:
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- Beijing plans a ‘New Era’, bins Xi’s ‘China Dream’ – Asia Times
- Millions of newly jobless in China pose a looming threat to Xi – Japan Times
- China presents itself as rival to democracy and plays UK, says Labour: Foreign policy spokesman Stephen Kinnock says UK needs to stand up to Chinese economic intimidation. – The Guardian
- China anthem bill sparks new scuffles between Hong Kong lawmakers – France24
- Beijing Is Pushing the Taiwanese Toward Independence Hard and Fast – Foreign Policy
- Taiwan president rejects Chinese rule, calls for talks to coexist – Reuters
Trans-Tasman:
- The pokies are switched off. Don’t turn them back on – The Age
- Security concerns sufficient to ‘break China’s lease on the Port of Darwin’ – Sky News
- Chinese state media mocks Australia as ‘kangaroo serving as dog of the US’ – The Guardian
- ABC must freeze wages, government warns – The Guardian
- Fossil fuel industry applauds Coalition climate measures that support carbon capture and storage – The Guardian
- Job losses taper off but tourist regions hit hard – The SMH
- Private health insurance dumped by thousands after coronavirus restrictions force service cancellations – ABC News
- Coronavirus rental hardship ‘kicked down the road’ to spring of ‘carnage’ – ABC
- At Sydney uni’s privilege factories the ‘mostly migrant’ workers clean up rich kids’ mess – The SMH
- ANZ warns there’s a risk house prices could fall by more than 10% to 15% this year – Interest.co.nz
- Treasury modelling helicopter money, not tax hikes – Interest.co.nz