Global Macro / Markets / Investing:
- The coronavirus pandemic has shown that the trickle-down theory of economic growth is a fabrication – Business Insider
- Mohamed El-Erian: ‘It turns out that our safety nets have huge holes’ – MSNBC
- To Safely Reopen, Make the Workweek Shorter. Then Keep It Shorter. – The Atlantic
- Oil’s Recovery Could Take Decades, Not Years – Bloomberg
- Half world’s workers may see livelihood destroyed – BBC
- The End of Emerging Markets? – Foreign Policy
Americas:
- California becomes first state to borrow from U.S. to make unemployment payments – MarketWatch
- The Small-Business Die-Off Is Here – The Atlantic
- Nearly 50 million Americans just had their credit card limits cut – CBS
- California attorney general sues gas trading companies, alleging price manipulation – LA Times
- US Treasury seeks to borrow a record $3 trillion this quarter – CNBC
- Why the unemployed in America could face a lost decade – Economist
- Donald Trump And The Fed Could Be About To Destroy The U.S. Banking System – Forbes
Europe:
- New York Fed Paper Finds Pandemic a Century Ago Fueled Nazi Rise – WSJ
- Eurozone investor sentiment has improved slightly in May – Economo
- Eurozone manufacturing activity registered an unprecedented decline in April – Economo
- ECB to Lend to Europe’s Banks at a Negative Interest Rate – Fool
- Spain estimates that its budget deficit will exceed 10% of GDP – Economo
Asia:
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- Trump administration pushing to rip global supply chains from China: officials – Reuters
- 35 American business and assets owned by China you may not know about – Just the News
- India offers land twice Luxembourg’s size to firms leaving China – Economic Times
- China Is Bargain Hunting—and Western Security Is at Risk – Foreign Policy
- China to launch property investment trusts to spur infrastructure development – Reuters
- China’s state-owned giants say farewell to Hong Kong listings – Nikkei
Trans-Tasman:
- Keep the pokies shut – Michael West
- Australian businesses call for climate crisis and virus economic recovery to be tackled together – The Guardian
- Jacinda Ardern Only One With Stable Enough Internet To Dial Into Meeting With Australian Leaders – The Shovel
- ‘Trans-Tasman bubble’ could mean direct New Zealand flights for Tasmania if coronavirus eases – ABC News
- Coronavirus cases up by 17 in Victoria, including another 11 cases linked to Melbourne meatworks – ABC News
- Massive Pilbara wind and solar export hub gets environmental green light – Renew Economy
- Coronavirus shutdown costing Australian economy $4 billion a week as National Cabinet prepares to assess restrictions – ABC News
- Australia wind output breaks through 5,000MW for first time – Renew Economy
- Orange juice could drop to 2.5 health stars under proposed change – ABC
- Australian universities angry at ‘final twist of the knife’ excluding them from jobkeeper – The Guardian
- Essential poll: Australians warm to easing of Covid-19 restrictions but are divided on schools – The Guardian
- Sydney CBD needs to ‘swing hard’ to recover from double-digit economic hit – The SMH
- Lack of political transparency poses a ‘hellishly dangerous’ situation – Interest.co.nz
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