Global Macro / Markets / Investing:
- Fed warns stock market of a second recession if the coronavirus pandemic isn’t brought under control – Market Watch
- Amazon’s Coronavirus Problem is Worse Than it Let On – NY Mag
- Hedge Fund Star John Paulson Calls It Quits – WSJ
- Airbus cuts 15,000 jobs to face aviation’s ‘gravest crisis’ – Tech Xplore
Americas:
- Small business, not Wall Street, gives a real picture of the American economy – Economo
- Audit rates for the wealthiest Americans (with more than $1 million in income) have declined from 12.5% in 2011 to 2.4% last year – Propublica
- With bankruptcies surging, 2020 may become one of the busiest years for Chapter 11 filings since the Great Recession – USA Today
- Amid COVID-19, farmworkers face impossible choice: Social distance or go to work – USA Today
- The US may adopt a new large-scale package to help the economy – Economo
- 17.6 million unemployed Americans probably won’t return to their pre-pandemic jobs – CNBC
- Steven Mnuchin: Up to 140 billion USD can be diverted to small businesses – Economic Daily
Europe:
- Retail sales in Germany reported record growth in May – Economo
- German green bonds are the new asylum during the crisis – Economo
- Inflation in the Eurozone accelerated to 0.3% in June – Economic Daily
- UK will open path to citizenship for 3m Hong Kong citizens, PM says – Standard
- BBC tells staff not to wear Black Lives Matter badges on air – The Telegraph
- Angela Merkel says EU ‘must prepare’ for no-deal Brexit – Politico
Asia:
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- China increases tariffs on Australian beef, milk powder – ABC
- Xinjiang: US seizes ‘forced labour’ Chinese hair imports – BBC
- How Hong Kong Cleaned Up Its Toxic Harbour – BBC
- Biden says new China national security law a ‘death blow,’ weighs sanctions – Reuters
- Hong Kong: US passes sanctions as world condemns new law – BBC
- China’s national security law for Hong Kong covers everyone on Earth – QZ
- Australia to offer safe haven to Hong Kong residents – SCMP
Trans-Tasman:
- Employers flooded with job applications despite higher rate of welfare benefits, data finds – The Guardian
- Australia could give safe haven to Hong Kong residents amid crackdown on protesters – ABC
- Forget JobSeeker. In our post-COVID economy, Australia needs a ‘liveable income guarantee’ instead – The Conversation
- Geoffrey Rush defamation appeal: Daily Telegraph and Nationwide News lose appeal – The Guardian
- Woolworths hit with record $1 million fine for spamming customers – The Age
- NT reports new coronavirus case for the first time in 60 days – ABC
- Guards at Melbourne quarantine hotels had SEX with returned travellers – Daily Mail
- Coronavirus crisis at Sydney Woolworths store after employee who travelled from Victoria tests positive – ABC
- Tax office tells some businesses who received jobkeeper they were not entitled to payments – The Guardian
- Contractors working on hotel owned by Liberal donors exempted from coronavirus quarantine – ABC
- Approvals for apartments plunge driven by a major decline in NSW – Medium