Global Macro / Markets / Investing:
- Global tourism stands to lose up to $3.3 trillion from COVID-19 – Reuters
- Fitch Ratings downgraded a record 33 sovereign ratings – Economo
- World’s Largest Pension Fund Loses $165 Billion in Worst Quarter – Yahoo
Americas:
- Walmart is transforming 160 store parking lots to drive-in movie theaters this summer. – Investment Watchblog
- US car sales just had their worst quarter since the Great Recession – CNN
- The world’s most accurate economist says a full US recovery is unlikely before 2022 – Business Insider
- It increased 20% despite Corona … $ 3.4 trillion, the wealth of America’s billionaires – Exploring
- Unemployment rate won’t recover for the next decade, CBO projects – CNN
- IMF Downgrades Outlook for Latin America: Outlook for Latin America and the Caribbean: An Intensifying Pandemic – IMF Blog
- Two-thirds of Canadians support closing businesses again if COVID-19 cases spike: survey – CTV News
Europe:
- Germany could benefit as foreign students ditch US, UK – DW
- The ECB expects two years of deflation and economic transformation due to the crisis – Economo
- Eurozone economic activity grows despite the uncertainty of COVID-19 – Economo
- Europe must take on its own defense responsibilities – Defense News
- Croatia’s ruling conservatives win parliament vote – Politico
- Coronavirus: Spain locks down second region amid spike in cases – Euro News
Asia:
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- The Puzzle of Japan’s Low Coronavirus Death Rate – BBC
- Coronavirus: Hong Kong’s three-week streak of zero local infections ends, as authorities consider tightening rules on test exemptions – SCMP
- Doctors in Pakistan resign over inadequacy of safety gear to protect them from coronavirus – Wionews
- China claims Bhutan land in its ‘bid to pressure India’ – Times of India
- China Suppression Of Uighur Minorities Meets U.N. Definition Of Genocide, Report Says – NPR
- HSBC to invest further in China amid political strife over Hong Kong law – Reuters
Trans-Tasman:
- Fresh calls for University of Melbourne to remove Hong Kong Police Force job ad after national security law imposed – ABC
- Economy to recover strongly, but wages and jobs will not – The SMH
- Patience running out for those who pretend to solve the nation’s problems – The SMH
- Coalition announces $190m plan to divert 10m tonnes of waste from landfill – The Guardian
- Urgent action needed to prevent lockdowns at other high-rise towers: residents – The Age
- Morrison ditched Turnbull-era plans for greater transparency in political lobbying – The SMH
- Diners need to spend $300 a head for restaurants to break even with physical distancing – ABC News
- More people are leaving New Zealand than are arriving – Interest.co.nz