Global Macro / Markets / Investing:
- Federal Reserve’s $3 trillion virus rescue inflates market bubbles – Reuters
- Wall Street Reaps a Bonanza on Fed’s Support for Corporate Debt – Bloomberg
- IMF: Government support for companies should be based on capital, not debt – Economic Daily
- The recent financial crisis may have melted income inequality – Economic Daily
Americas:
- U.S. National Debt Is On Its Way To A Record $27 Trillion – Crypto Associate
- Nearly half of American households have lost income since the start of the pandemic – Business Insider
- Over 5,600 fossil fuel companies have taken at least $3bn in US Covid-19 aid – The Guardian
- US budget deficit hits all-time high of $864 billion in June – Florida Daily Post
- Companies are taking on another $1 trillion in debt – CNN
- How COVID-19 will permanently change hiring in Silicon Valley – Fast Company
Europe:
- UK house prices fell at the fastest pace since the financial crisis – Economo
- A record low number of people in the EU started working in the first quarter – Economo
- Another 30,000 jobs in the UK event sector are at risk – Economo
- German economic recovery is still in its early stages – Finances Herald
- Italian economy is likely to shrink by 9.5% this year – Economo
- UK town that voted overwhelmingly to leave the EU angry that a customs facility will be built in their town – The Guardian
- Tensions flare in Italy as coronavirus spreads among migrant workers – Igorb News
- German study finds no evidence coronavirus spreads in schools – The Telegraph
Asia:
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- Sweden joins France, Germany in weighing measures against China over Hong Kong – Reuters
- Hong Kong Disney Park Closes Again After New Coronavirus Restrictions – Japan Times
- Singapore in Technical Recession After GDP Shrinks 41.2% in Q2 From Preceding Quarter Due to COVID-19 – Channel News Asia
- The Struggle to Keep India’s COVID Patients Breathing – BBC
- Singapore’s Ruling Party Retains Power But Has Weakest Showing Ever – Japan Times
- India Coronavirus Cases Soar, India has 3rd most Coronavirus cases – Igorb News
Trans-Tasman:
- Thousands on JobSeeker contact their MPs in National Day of Action to Raise the Rate for Good – ACOSS
- Leaked emails reveal government knew of problems on day one of hotel quarantine – The Age
- To make jobseeker fit for purpose, its temporary rise should be permanent – The Guardian
- Queensland blocks entry to New South Wales residents from coronavirus hotspots – ABC
- SA delays border reopening date for NSW and ACT amid coronavirus risk – ABC
- How misinformation about 5G is spreading within our government institutions – and who’s responsible – The Conversation
- The Aussie innovator recycling dumped car tyres for farms – ABC
- NSW mechanics swamped with requests to switch Victorian plates – ABC
- Investors snatch up $4.5 billion of NZ Government Bonds due to mature in 2041 – Interest.co.nz
- House prices rise in June, sales volumes strong – REINZ – Interest.co.nz
- Inflation runs out of gas – Interest.co.nz
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