Global Macro / Markets / Investing:
- India, Saudi Arabia discuss rupee-riyal trade – Reuters
- At UN, leaders confront COVID’s impact on global education – AP News
- The biggest Fed rate hike in 40 years? It could be coming this week. – Market Watch
- Interest rates likely to increase as Fed signals more hikes ahead – PBS
- Ford warns investors of an extra $1 billion in supply chain costs during the third quarter – CNBC
- The stock market is not the economy in an important way – Yahoo
- UN index shows living standards declining in 90% of countries – DW
- Is US hegemony under threat from the rise of China and the BRICs? – Polecon Insights
Americas:
- Americans are piling up credit card debt to cope with inflation – CBS News
- US becoming ‘developing country’ on global rankings. (Ranks #41 between Bulgaria and Cuba) – Asia Times
- Argentina hikes interest rate by 550 basis points to 75% after inflation overshoots – CNBC
- Trump tells supporters ‘you’ll never see me again’ if he loses to Biden – Business Insider
- More US Employers Are Trapping Workers in a New Form of Indentured Servitude – Truth Out
- Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse – Bloomberg
- If You Work in Film and TV, Get Ready for Layoffs – Bloomberg
- Walmart and other retailers are canceling billions of dollars in orders – Retail Wire
Europe:
- German bakery handed €330,000 bill for gas consumption – RMX
- Bundesbank: Germany faces recession, double-digit inflation – Politico
- ‘Crippling’ Energy Bills Force Europe’s Factories to Go Dark – Seattle Times
- UK retail sales plunge, underlining risk of recession – Reuters
- Thousands march in Turkey to demand ban on LGBTQ groups – AP News
- Why more and more Americans are Choosing Europe – International Living
Asia:
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- China’s retail sales, industrial production beat expectations in August – CNBC
- The Chinese Economy Is More Than Ever Caught in the Trap of Xi Jinping’s Zero-COVID – Medium
- China lodges complaint after Biden says U.S. would defend Taiwan in a Chinese invasion – Reuters
- West weighs calling for China Uyghur abuses inquiry at UN – The Guardian
- How Zero Covid failed again in Chengdu – Asia Times
- China plans easier border entry rules for some foreign tourists – Reuters
Trans-Tasman:
- Labor urged to axe $1.9bn in ‘zombie’ fossil fuel subsidies promised by the Coalition – The Guardian
- Backlash grows over decision to scrap Victorian hospital’s Indigenous name in favour of Queen Elizabeth II – The Guardian
- Private owners net millions in sale of ageing coal-fired power station in NSW – The Guardian
- Australian government faces ‘morally embarrassing’ class action over NDIS exclusions – The Guardian
- University students turn to ‘contract cheating’ amid housing crisis and lack of support – The Guardian
- Reserve Bank of Australia’s rate hikes raise risk of recession – The Age
- Origin Energy to quit Beetaloo gas project but green groups warn environmental threat remains – The Guardian
- Government prepares to shake up gig economy so we don’t ‘lose something that we really treasure’ – ABC
- Feeling the noise. What was that GDP figure all about? – Interest.co.nz
- Falling house prices and rising inflation drive real house prices sharply lower – Interest.co.nz