Global Macro / Markets / Investing:
- Samsung soon to retake its position as the world’s top smartphone seller from embattled Chinese rival Huawei – Daily NY
- Low interest rates for way too long – CNBC
- Covid-19 pandemic will throw 150 million people into extreme poverty by 2021 – Mazech
- Unemployment is world’s biggest risk, business leaders say – Yahoo
- Nikkei rides Wall Street gains on renewed U.S. stimulus hopes – Reuters
Americas:
- The U.N. says 18.5 million Americans are in ‘extreme poverty.’ – Washington Post
- Wells Fargo lays off 700 employees in first slew of layoffs that could see ‘tens of thousands’ out of work – Mazech Media
- The US debt is now projected to be larger than the US economy – CNN
- US Sees Worst-Ever Contraction For Second-Quarter GDP – Daily Caller
- U.S. trade deficit rises to $49.4 billion – Times Union
- An Avalanche Of Bankruptcies Is Coming In The U.S. – Christophe Barraud
- ‘Trump just kicked over the chess board’: GOP faces an election with more pain – Politico
- Why a $4 trillion bailout could not revive the American economy – Washington Post
- Long-term jobless figures rise, underscoring economic pain – The Hill
Europe:
- Poland makes wearing masks outside compulsory as coronavirus cases climb – Reuters
- MEPs say the EU must not turn a blind eye and must fight corruption in Bulgaria – Europe Reporter
- Brexit: ‘The EU will stand in full solidarity with Ireland’ – Brussels Times
- EU citizens will need passports to enter post-Brexit UK from October 2021 – Politico
- Italy Is Comeback Story of the Year for European Bond Markets – Bloomberg
- Germany says Thai king cannot rule from there – Reuters
Asia:
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- Half a billion Chinese are going on vacations while rest of the world still dreams of one – The Print
- Why America’s economic war on China is failing – Asia Times
- China furious with global outcry over Xinjiang and Hong Kong – DW
- A Boycott of the 2022 Beijing Olympics Would Work – The Diplomat
- Hong Kong Press Freedom Suffocates under Beijing’s National Security Law – Freedom House
- China unveils world’s second-largest solar power plant – Sup China
- With China’s jets repeatedly buzzing Taiwan, here’s what could happen if Beijing attacked the island – Straits Times
Trans-Tasman:
- How COVID-19 was a ‘once in a generation’ excuse to sack Australians – New Daily
- A push to penalise countries dragging the chain on carbon emissions could be bad news for Australia – SBS
- Australian federal budget found to be the most secretive ever produced – The Guardian
- Labor says community grants scheme that received $103m in budget is a Coalition ‘slush fund’ – The Guardian
- Backpacker employer fined $65k over farm death linked to heat stress – ABC
- ‘To those who have, more will be given’: Largesse to private schools continues – Michael West
- Scott Morrison rejects criticism he’s neglecting older Australians with youth wage subsidy – The Guardian
- National’s plan to halt Super Fund contributions would cost about $20 billion – Interest.co.nz
- Resilient housing market a positive for household spending, says ANZ – Interest.co.nz
- RBNZ suggests reapplying LVR restrictions now would be counterproductive – Interest.co.nz
- RBNZ unveils what its ‘Funding for Lending Programme’ could look like – Interest.co.nz