Global Macro / Markets / Investing:
- Coronavirus will trigger biggest ever plunge in energy demand, emissions: IEA – Reuters
- Speculative Bubbles in History – Economic Historian
- Asean stocks climb on Covid-19 treatment progress, higher oil prices – The Star
- Cities with strong social distancing see stronger economic recoveries – MIT
Americas:
- 30 million Americans have lost their jobs in 6 weeks – huntsvilletribune.com
- ‘Over our dead bodies:’ Lindsey Graham vows Congress won’t extend additional $600 coronavirus-related unemployment benefits, as U.S. death toll crosses the 60,000 mark – Business Insider
- Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization – News Bitcoin
- Unemployment hits 30 Million United States – AP News
- Fed chair says this is the worst economy in history – CNN
- Americans are hoarding cash: Savings rate hits its highest level since 1981 – CNN
- GDP shrinks 4.8%—but that is nothing compared to what comes next – Fortune
Europe:
- Europe’s economy just had its worst quarter since records began – CNN
- Sweden plans to ask European Union to investigate origin of COVID-19 – SCMP
- China threatens to halt medical supplies after Netherlands changes Taiwan rep office name – Taiwan News
- Entire UK order of 250 Chinese ventilators ditched over danger to lives — Doctors found breathing kits were so badly made they feared they could kill patients. – The Guardian
- Germany bans and raids Islamist group Hezbollah – BBC
- Russian PM says tested positive for coronavirus – Tass
- British doctors warn some Chinese ventilators could kill if used in hospitals – NBC
Asia:
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- Global coronavirus lockdown weakens demand for Chinese goods – The Times
- In China, millions of students brace for joblessness: The government is anxious, too. – The Economist
- China’s Exporters Are Feeling Gloomy Even as Economy Restarts: Factories are resuming production, but pandemic-triggered recessions around the world threaten to crater export demand. – WSJ
- China Has ‘Nationalized’ Its N95 Mask Makers – Forbes
- China’s metals imports reflect growing supply disruption: Andy Home – Reuters
Trans-Tasman:
- Australia to back Taiwan’s return to the WHO – The SMH
- Australia and New Zealand consider opening borders exclusively between each other to create ‘Trans-Tasman bubble’ – Straits Times
- Final turbine installed at Australia’s largest wind farm – Renew Economy
- Scott Morrison hits out at suggestion by Andrew ‘Twiggy’ Forrest COVID-19 could have originated in Australia – News
- Calls for private health sector to hand back ‘very substantial unexpected profit’ during coronavirus crisis – ABC
- Australian Unemployment May Have Reached 10.8% Already – Bloomberg
- Decision on whether to relax Australia’s coronavirus restrictions brought forward to next Friday – SBS
- Claims of 445% rise in Australian green tape based on ‘lazy’ and ‘flawed’ analysis – The Guardian
- Banks given green light to write unsecured business loans backed by the taxpayer – Interest.co.nz
- Foreign owners quitting their NZ residential properties at twice the rate they are buying them – Interest.co.nz
- ANZ NZ boss says country needs to ‘stay the course’ in COVID-19 battle – Interest.co.nz
- Some major challenges for KiwiBuild in the post-lockdown world – Interest.co.nz