Your Daily Scan of the New Global Economy

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Australia
Skinnyfish Music celebrates 20 years of powerful voices Dr Gurrumul Yunupingu, Saltwater Band, Lonely Boys and B2M are just a few of the names associated with Skinnyfish Music, the independent label that put Northern Territory music on the world map. Posted: May 18, 2019 11:47 pm by ABC.net.au
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Commercial aircraft at risk of 'misidentification' by Iran military, US warns United States diplomats warn commercial airliners flying over the Persian Gulf risk being targeted by “miscalculation or misidentification” from the Iranian military amid heightened tensions between the Islamic Republic and the US, even as both Washington and Tehran say they do not seek war....
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Brakes not used before fiery Russian plane crash that killed 41, report says The crew of a Russian airliner that caught fire while making an emergency landing, killing 41 people, had not deployed the plane’s air brakes, a report by the country’s civil aviation authority has found, according to a state news agency. Posted: May...
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Elon Musk warns Tesla will run out of money in 10 months unless it cuts spending In an email to staff, the Tesla chief executive says there needs to be “hardcore” changes to the company’s spending habits or it risks burning through the $3.9 billion it raised in a stock offering. Posted: May 18, 2019...
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Can you vote your way out of a housing bust? It’s election day. I’ve managed to escape Australia’s compulsory voting scheme by moving to London, only to receive monthly letters telling me to pay a TV licensing fee, despite not having a TV. If I don’t pay, I risk ‘a visit from the Maidstone Enforcement...
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A look at the bizarre new Notre Dame designs and why architects think they’re a bad idea For the first time in more than a century, architects will be given the opportunity to substantially alter Paris’s Notre Dame which has withstood centuries of political, social and environmental change. Posted: May 17, 2019 11:43 pm by...
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Aussie economy in peril whether we change leaders or not All it takes is one deep dive into analysis and I miss out on so much in the meantime. China added US$60 billion in tariffs to goods coming in from the US… …and the Aussie market threw a wobbly and dropped 1.4% on Tuesday morning....
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Trump vs The World It’s been a while since I’ve graced these virtual pages. At least, it feels that way. So settle in and buckle up! Markets are still coming to grips with the reality of the trade war after many months of complacency. The first trade war since the 1930s has escalated and may...
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How the trade war just got worse A little over a year ago, I wandered into the office far too early. I sauntered up the stairs with an overpriced latte in hand. Our tired-looking web guru was already in the office, setting up the Skype meeting for me. And there I found him, chatting to...
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The Trade War Is Back President Trump shocked markets last week when he announced that a new, heavy round of tariffs on Chinese goods will take effect this Friday. Complacent markets had assumed that a trade deal would get done; that it was just a matter of sorting out the details. Now that is far...
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