• Small signs of life return to US economy Link
    FT Economics Sat 30 May 2020 10:04
  • #Coronavirus will have a devastating impact on the poorest. Cash transfer schemes are being used to mitigate the impact and #ChangingLives in #Pakistan. Link https://t.co/5E4vTE7IHF
    World Bank Sat 30 May 2020 10:04
  • It's okay to have a messy desk. In fact, it could actually help you be more creative Link
    Businessweek Sat 30 May 2020 10:04

    Millions of people are discovering that there are perks to working at home. Among them: You can have a messy desk, and there’s no one—or, at least, no colleague—around to judge.

  • Mexican companies face higher electricity charges Link
    FT Energy Sat 30 May 2020 10:04
  • Threat of negative rates hangs over $4.8tn US money fund industry Link
    Finance News Sat 30 May 2020 10:04
  • Elon Musk is the hero America deserves Link via @BW
    Bloomberg Sat 30 May 2020 09:59
  • Indonesia’s capital Jakarta is anticipating one million vehicles will enter the city as people return from Eid al-Fitr holidays amid the coronavirus pandemic Link
    Bloomberg Sat 30 May 2020 09:59
  • South African Finance Minister Tito Mboweni will hold talks with the board of the nation’s auditing regulator regarding concerns raised about the appointment of Jenitha John as its new CEO Link
    Bloomberg Sat 30 May 2020 09:59
  • Business activity in Europe and Japan continued but at a slower rate, still suggesting that any recovery will be exceedingly slow Link
    Real Time Economics Sat 30 May 2020 09:54

    U.S. and global business activity and labor markets suffered a little less in May than in prior months, offering signs that damage to the global economy from the coronavirus pandemic is easing but will require an extended time to overcome.

    Surveys of purchasing managers showed private-sector activity in the U.S., Europe and Japan fell for the third straight month in May, despite the tentative reopening of many economies around the world.

    ...
  • Ethereum Price Analysis: ETH/USD surges to 12-week highs above $230 By @eren_fxstreet Link #Ethereum
    FXStreet News Sat 30 May 2020 09:54

    After trading in a relatively tight range and closing virtually unchanged near $220, Ethereum (ETH/USD) gained traction on Saturday and advanced to its highest level since March 8th at $234.28. As of writing, the pair was trading at $232, up 5.33% on a daily basis. With this latest upsurge, Ethereum is now gaining more than 16% since the start of the week.

  • Here's the latest on the coronavirus: - A front-running vaccine candidate being developed in China could be available this year - Brazil overtook Spain to rank fifth in the world in coronavirus deaths - The U.S. will quit the World Health Organization Bloomberg Sat 30 May 2020 09:54
  • This pandemic will end, but its mental health impact will go on long after. Companies can help by beginning to talk about mental health with employees, and making the right resources available to them. Link
    Harvard Business Review Sat 30 May 2020 09:49

    As the Covid-19 pandemic unfolds, many of us are feeling the strain on our mental health. Some people feel anxiety about getting laid off; others have to continue to work at grocery stores and delivery companies, or perform other essential services, sometimes without the protections they need to stay safe. Families are trying to balance caregiving with remote work. We all worry about someone we love getting sick or about getting sick ourselves. There’s also the sudden instability of it all, as the pandemic upends global systems that many took for granted. Meanwhile, the social distancing measures we are taking to slow the spread of the disease have meant weeks of confinement, which brings its own anxieties.

    In our concern for the physical risks of this pandemic, it is easy to overlook the mental health burden many of us feel. We may even be inclined to minimize our anxiety, thinking that, compared with what Covid-19 can do to our bodies, its effect on our minds is a...

  • A compensation fund for women who said Jeffrey Epstein victimized them has taken a step closer to becoming reality. Link
    DealBook Sat 30 May 2020 09:49

    A plan by the estate of Jeffrey Epstein to establish a compensation fund for dozens of women who say they were sexually abused by the financier as teenagers is on the verge of becoming a reality.

  • The new CEO of Norway’s $1 trillion wealth fund faces a make-or-break moment Link
    Bloomberg Sat 30 May 2020 09:44
  • Earnings before interest, taxes, depreciation, amortization and ... coronavirus? Companies are getting creative with their accounting during the pandemic, and it may not paint a full picture of their business. Link
    MarketWatch Sat 30 May 2020 09:39

    The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the crisis hadn’t all but shut the economy down.

    Before companies began reporting first-quarter earnings, Twitter users joked that the outbreak would prompt new non-standard metrics that could be summarized as “earnings before COVID-19,” or EBITDAC, and they even created a series of coffee mugs that satirized the concept. Indeed, some companies chose to post earnings metrics that removed the pandemic’s impact.

  • U.S., Britain raise Hong Kong at U.N. Security Council, angering China Link https://t.co/lKUnUtQAk0
    Reuters Sat 30 May 2020 09:39

    NEW YORK (Reuters) - The United States and Britain raised China’s plan to impose new security legislation on Hong Kong at the U.N. Security Council on Friday, prompting China and Russia to criticize the United States for excessive use of force against black people.

    The 15-member council informally discussed Hong Kong in a closed virtual meeting after China opposed a U.S. call on Wednesday for a formal open council meeting, arguing that it was not an issue of international peace and security.

    U.S. Ambassador Kelly Craft asked: “Are we going to take the honorable stand to defend the human rights and the dignified way of life that millions of Hong Kong citizens have enjoyed and deserve ... or are we going to allow the Chinese Communist Party to violate international law and force its will on the people of Hong Kong?”

    China’s parliament on Thursday approved a decision to...

  • Turkey’s Capital Markets Board has exempted state companies from some merger rules, according to a decree in the Official Gazette Link
    Bloomberg Sat 30 May 2020 09:34
  • China blew its opportunity to lead during the coronavirus crisis Link
    Businessweek Sat 30 May 2020 09:34
  • Malaysia reports 30 new COVID-19 infections Link https://t.co/Z92F7PgCtb
    Reuters Sat 30 May 2020 09:34

    KUALA LUMPUR (Reuters) - Malaysia reported 30 new COVID-19 infections on Saturday, taking the cumulative total to 7,762.

    A senior Ministry of Health official told reporters the total number of deaths remained at 115.

  • Some areas of the economy will not come back, at least not in the next five years, says the chief investment officer at wealth management firm London & Capital Link
    MarketWatch Sat 30 May 2020 09:24

    With many countries beginning to emerge from lockdown in the wake of the coronavirus pandemic attention has turned to the economic recovery .

    The potential shape of that recovery - U-shaped, W-shaped, V-shaped or even ‘square root-shaped’ - has split economists and strategists. All 50 U.S. states, along with the majority of European countries, have now taken steps towards reopening following lockdown restrictions.

  • A better work life starts with effective communication. @hbrascend #WorkHappy Link
    Harvard Business Review Sat 30 May 2020 09:24
  • Covid-19 is the just the tip of the iceberg, a renowned virologist in China warns Link
    Bloomberg Sat 30 May 2020 09:19
  • Indonesia reports 557 new coronavirus infections Link https://t.co/FHkuvJyg3w
    Reuters Sat 30 May 2020 09:19

    (Reuters) - Indonesia reported on Saturday 557 new coronavirus infections, taking the Southeast Asian nation’s tally to 25,773, health ministry official Achmad Yurianto said.

    Yurianto reported 53 new deaths, taking the toll to 1,573, while 7,015 people have recovered.

  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here: Link https://t.co/YvoHlUsdVr
    DailyFX Sat 30 May 2020 09:14

    Late in the US session, the risk rally faded into the Wall Street close after President Trump announced that he will hold a press conference on US measures against China concerning the recent passing of the Hong Kong Security Bill. In turn, with sanctions against Chinese officials likely to be the main outcome, alongside a potential change to Hong Kong’s special trading status with the US. This will mark a fresh escalation in the tensions between the US and China, where the latter has already vowed to announce countermeasures if the US interferes with internal affairs. Therefore, risks are rising for a pullback in risk sentiment.

  • SpaceX, NASA to try again for landmark launch of two astronauts from Florida Link https://t.co/tC4KSeaPaP
    Reuters Sat 30 May 2020 09:14

    CAPE CANAVERAL, Fla. (Reuters) - Elon Musk’s private rocket company SpaceX was set for a repeat attempt at launching two Americans into orbit on Saturday from Florida for a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

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