Global Macro / Markets / Investing:
- IMF’s chief economist urges ‘equity-like’ governments support for virus-hit firms – Reuters
- The World Can Show How Pharma Monopolies Aren’t the Only Way to Fight COVID-19 – Counter Punch
- When Low Yields Can Be a Good Deal for Investors – Barrons
Americas:
- Around 1.3 million people filed for first-time unemployment benefits last week – NBC News
- Young People Will Be The Pandemic’s Long-Term Economic Victims – Huff Post
- Americans are rapidly shrinking their credit card debt during the pandemic – CNN
- Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings – CNBC
- 1.3 million new jobless claims last week as coronavirus surges back – AJC
- Fannie-Freddie Profit Sweep Draws U.S. Supreme Court Review – Bloomberg
Europe:
- Dutch resistance stands in way of deal on EU recovery fund – FT
- UK companies offered huge incentive to give jobs to 16-24 year olds – Daily Mail
- Europe should realize it has leverage to stand up to China – Nikkei
- Italy prohibits German migrant rescue ship Sea-Watch 3 from leaving harbor – DW
- A Swiss court has ruled that a company must cover a portion of its remote worker’s rent. – BBC
- Greece passes law regulating demonstrations, thousands march in Athens – Reuters
- UK has opted out of EU coronavirus vaccine programme, sources say – The Guardian
Asia:
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- The Bank of Japan presented its gloomiest economic forecasts in 12 years – Economo
- Chinese banks prepare contingency plans over threat of U.S. sanctions – Reuters
- Rise in margin lending stokes fears of China bubble – FT
- Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say – Yahoo
- Singapore’s Record 40 Female Candidates Change Election Discussion – Nikkei
- In echo of Mao era, schools in China are removing books deemed “political incorrect” in a nationwide scale – Reuters
- Thousands of US troops will shift to Asia-Pacific to guard against China – Nikkei
Trans-Tasman:
- Almost half of Australian PhD students considering disengaging from studies due to pandemic – The Guardian
- First State Super to sell out of thermal coal – New Daily
- Did funding cuts by the Abbott government hamper the CSIRO’s pandemic preparedness? – ABC
- New renewable energy zone to almost match NSW’s coal-fired capacity – The SMH
- Victoria announces $534m support package to help businesses survive second lockdown – ABC
- A ‘looming monster of debt’ has been growing during coronavirus – ABC
- Hundreds of thousands paying for dud insurance policies through super that ‘make no sense at all’ – ABC
- Interstate visitors pour into Queensland as borders reopen after four months of coronavirus restrictions – ABC
- Australians overseas worried National Cabinet will reduce flights into the country – ABC
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