Global Macro / Markets / Investing:
- COVID-era junk bond deals begin to go sour in just 2 months – Reuters
- China-led Globalization Is Coming To An End – Forbes
- U.S.-China tensions are flaring on a new front: the financial markets – CNBC
- Reopening won’t fix the economy. Beating the virus will. – Business Insider
- You can’t turn the economy back on like a light switch – VOX
Americas:
- The Mall of America hasn’t paid its $Billion+ mortgage in two months. Commercial mortgage backed securities are hurting – CNBC
- How long will people put up with a government that doesn’t seem responsive when they really have problems? The discontent of the poor is spreading. – Medium
- American billionaires got $434 billion richer during the pandemic. (And close to 40 million Americans are officially on unemployment roll now) – CNBC
- About 40 Million Americans Are Now Unemployed—We Desperately Need A Plan Before It’s Too Late – Forbes
- Marijuana Is The Fastest-growing Industry In The US Job Market – Zaysan
- Congress Could Extend The Recession If It Doesn’t Bail Out The States – Five Thirty Eight
- US: Almost 40 million people have now claimed first-time unemployment benefits – NBC
Europe:
- Poland may gain over $8.3bn yearly on relocation of production from China – Outline
- Is China pursuing a ‘divide and rule’ strategy in Europe? – The Politiburo
- Scotland bans companies based in tax havens from accessing coronavirus bailout money – Independent
- Electric cars to get a boost in Europe as part of recovery plan, VAT exemption considered – Electrek
- UK: Net migration from outside EU hits ‘highest level’ – BBC
- Coronavirus: Resort locals ‘shocked and angry’ at beach crowds – BBC
Asia:
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- Asian century began in May 2020: Region has emerged as an economic zone as closely integrated as the European Union – Asia Times
- China’s Communist Party Plans National Security Laws for Hong Kong – Chiangrai Times
- Why ‘Made in Vietnam’ won’t replace ‘Made in China’ – Asia Times
- China decides not to set a GDP target for 2020 as Coronavirus batters the economy – CNBC
- How bad are China’s economic woes? – BBC
- Malaysia to strengthen trade ties with India after palm oil purchases – Economic Times
Trans-Tasman:
- New Zealand Prime Minister Says Four-day Workweek Could Help Rebuild Country’s Economy After COVID-19 – Zaysan
- Why Australia must not bow to China but seek wider trade options – The Age
- Big revision on JobKeeper numbers. Treasury & ATO say a reporting error by around 1,000 businesses, means they can now revise DOWN the number of recipients from 6.5m to 3.5m. JobKeeper now estimated to cost taxpayer $70b instead of $130b. – Twitter
- Up to 50 people will be allowed in NSW pubs, restaurants and cafes, Premier reveals from 1st June – ABC
- Target faces massive restructure, with up to 167 stores to be shut or converted – The Age
- Australian researchers claim world first in global race to develop better solar panels – The Guardian
- Australia, it’s time to talk about our water emergency – The Conversation
- Former Australian PM calls out the ‘Murdoch mafia’ – CNN
- ‘Widespread job losses’ forecast if casuals keep paid leave – The Age
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