Global Macro / Markets / Investing:
- A new billionaire has been minted nearly every day during the pandemic – CNN
- World has 10-week supply of wheat, expert tells UN Security Council: ‘This is seismic’ – Fox 29
- Automakers are jacking up prices on electric vehicles to bake in rising materials costs – CNBC
- Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal. – Bloomberg
- Business leaders warn that three-decade era of globalisation is ending – FT
- Zelensky: Global Food Crisis If Ukraine Can’t Clear Ports – Business Insider
Americas:
- Marijuana violations have taken over 10,000 truck drivers off the road this year, adding more supply chain disruptions – kplctv.com
- Poll: Americans pessimistic on Biden, economy – Axios
- Billionaires turn their backs on Biden – Salon
- ‘It will be a miracle if we can avoid a recession’: More bad economic news stalks Biden, Democrats – Boston Globe
- US Growth Seen Outpacing China’s for First Time Since 1976 – Bloomberg
- Why legal weed is losing the war to illegal weed in California – LA Times
- CEOs bragged for months about how they could charge higher prices. Customers are now pushing back. – Business Insider
- A major shift in the economic narrative could be underway – Yahoo
Europe:
- Germany’s Ex-Ambassador to Russia Says Putin Wants to Trigger Famine – Business Insider
- US frustrated over ‘problematic’ NATO ally Turkey – The Hill
- Zelenskiy promises reciprocal rights for Poles in Ukraine – Reuters
- Turkey Has Become an Uncertain Ally – National Interest
- Millionaires join Davos protests, demanding ‘tax us now’ – The Guardian
- Newly appointed French minister denies rape accusations – Reuters
- Polish PM Calls on Norway to Share Oil and Gas Profits Windfall – Bloomberg
Asia:
- China pledges US$1.5b in grain farmer subsidies to offset soaring production costs – SCMP
- Bangkok votes in new governor for first time in nine years – Reuters
- Mayor of Seoul Envisions City as “Asian Financial Capital” in Bid for Fourth Term – Korea Herald
- No cars were sold in Shanghai in April as zero-Covid policy hammers activity – CNN
- Shanghai district to require all shops to shut, residents to stay home – Reuters
- China slashes key interest rate as housing sales collapse – CNN
Trans-Tasman:
- Legalise Cannabis rides high in Senate vote as grassroots campaign pays off in Australia – The Guardian
- The final warning for Morrison fell on deaf ears. Now women have voted him out – ABC
- Barnaby Joyce claims Liberal loss not Nationals fault – News.com.au
- In shock and anger over Liberal defeat, Sky News commentators urge party to shift right – The Guardian
- Scott Morrison — liar, lightweight, loser. But did he secure one final victory? – Crikey
- Michaelia Cash admits decision to back WA border challenge hurt Liberals – ABC
- David Marr: ‘Stoking fear and hatred held the Coalition in power – finally Australia had enough’ – The Guardian
- The first challenge facing Albanese is to restore Australia’s economy – ABC
- Kristina Keneally’s loss in western Sydney seat a ‘predictable’ result – The Guardian
- The debt-to-income tide has turned in a big way, RBNZ figures show – Interest.co.nz
- All mortgage rates set to be above 6% in coming year, Kiwibank economists say – Interest.co.nz
- QV says housing values at the top and bottom ends of the market are now declining – Interest.co.nz
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