Global Macro / Markets / Investing:
- Uber Destroys More Value: Demolishes Bikes from Failed Rental Businesses Rather Than Donate Them – Naked Capitalism
- Citi warns markets are out of step with grim reality – FT
- Coronavirus is our chance to completely rethink what the economy is for – The Guardian
- Bitcoin Mass Adoption Would Benefit and Harm Current Economy – Crypto News
- IMF report: Markets not paying attention to climate crisis–Firms should be made to disclose exposure to global heating – The Guardian
- The Spanish Flu Didn’t Wreck the Global Economy: What is different about the Coronavirus pandemic? – Foreign Policy
- IEA: Coronavirus ‘accelerating closure’ of ageing fossil-fuelled power plants – Carbon Brief
- World’s richest countries will take debt of another 17 trillion USD because of the coronavirus – Economo
Americas:
- U.S food prices see historic jump and are likely to stay high – Crypto Price
- Federal Reserve Chair Says It Is “Days Away” From Main Street Loans – Crypto Associate
- U.S. taxpayers’ virus relief went to firms that avoided U.S. taxes – Reuters
- Powell Says Fed Policies ‘Absolutely’ Don’t Add to Inequality – Bloomberg
- The unluckiest generation in U.S. history – Washington Post
- Fed’s Powell fears second coronavirus wave, reiterates crisis-fighting pledge – Reuters
- BlackRock: The US labor market will recover more slowly than expected – Economo
Europe:
- Europe’s economy is opening up, but the confidence of business and people has been suppressed – Economo
- Spain set to introduce permanent basic income scheme to rebuild economy post-coronavirus – SBS
- EU citizens are optimistic, but not about their own countries – Economo
- European Union to Announces €750 Billion Euro Economic Recovery Plan – The Crypto Associate
- ‘Europe’s Moment’: EU lays out costly rescue for squabbling bloc – Reuters
Asia:
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- China’s Shift Away From Hard Growth Targets Hits Domestically and Globally – WSJ
- How much money does the world owe China? – Aljazeera
- Chinese factories humming doesn’t mean everyone is buying – Straits Times
- Farmers on China’s Poverty Alleviation: ‘We’re Doomed to Death’ – Bitter Winter
- Is China rich or poor? Nation’s wealth debate muddied by conflicting government data – SCMP
- China steps in to defend the yuan, as US tensions and Hong Kong uncertainty send currency tumbling – SCMP
Trans-Tasman:
- Google rejects calls for it and Facebook to pay $600m a year for Australian news – The Guardian
- House prices edge lower in May but ‘real test’ will come after September, analysts say – ABC
- Check your super balance. Australians scammed out of thousands via the coronavirus early release scheme – ABC
- Australia got its health response to COVID-19 right at a high price but some feel the risks were overblown and the price tag too large – ABC
- Why has China slapped tariffs on Australian barley and what can Australia do about it? – The Guardian
- Super bender: retirement nest-egg withdrawals used to boost spending on non-essentials – The SMH
- Robodebt scandal: leak reveals unlawful debts predate 2015 but government has no plans to pay back money – The Guardian
- New homebuyer grants to be unveiled for everyone, not just first homebuyers – News.com.au
- Who pays for Covid-19 kindness? – Interest.co.nz
- Rapid economic rebound hanging on Government decisions – Interest.co.nz
- Are we really too dependent on China? – Interest.co.nz