Australia

To Bypass Food Embargo, Qatar Will Pay $8 Million To Airlift 4,000 Cows

Call it the biggest bovine airlift in history, as Bloomberg puts it. Because while the "showdown between Qatar and its neighbors has disrupted trade, split families and threatened to alter long-standing geopolitical alliances", it has prompted one enterprising Qatari businessman to fly 4,000 cows to the Gulf desert at a cost of $2000 each, to fill the void left by a collapse in the supply of fresh milk.

McDonalds To Hire 250,000 This Summer Via SnapChat, Spotify And Hulu

Starting June 13, Snapchat users nationwide may be served 10-second video ads of real restaurant employees talking about the benefits of working at McDonald’s. Viewers can then ‘swipe up’ to instantly visit the McDonald’s career webpage in Snapchat to explore the opportunities offered by McDonald’s, and apply to their local restaurants if they so choose.

Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales

After a tumultous week in the world of politics, with non-stop Trump drama in the US, and votes in the UK, France and Italy, this is shaping up as another busy week ahead with multiple CB meetings, a full data calendar and even another important Eurogroup meeting for Greece. Wednesday's FOMC will be the main event, with the Fed expected to hike 25bp, while the BOJ, BOE and SNB all remain on hold.

GE CEO Jeff Immelt To Step Down

In a major shakeup at one of the largest US industrial conglomerates, General Electric said Monday Jeff Immelt, 61, would step down as CEO and Chairman, a move that had been expected by many. John Flannery, 55, the company’s current president and CEO of GE Healthcare, will take over as companywide CEO effective August 1, concluding a 16 years period during which the stock price of GE has barely budged. 

Number Of Potential Migrants Worldwide Tops 700 Million

Viruses, violent conflicts and a host of other regional calamities helped revive peoples’ desire to migrate permanently to another country between the years 2013 and 2016 as the number of potential migrants climbed to 710 million...

It's Always Just A Question Of Price

"I don’t buy the idea that Central Banks are incapable of stimulating the private sector to borrow. Like most things in life, it’s just a question of price, and these Central Banker knobs seem willing to pay whatever it takes."

The U.K. Election: An Outsider Looking In

"Intuition suggests Saturday night’s horrific terrorist attacks on London Bridge would have solidified Conservative’s lead. But the polls counter-intuitively indicate a move in the opposite direction... It’s notable that May’s lead did not initially narrow based solely on events that were out of her control, as in three terrorist attacks in three months. Rather, it was her vow to make pensioners’ benefits progressive..."

May Day, May Day, May Day

Is it sheer hubris, or is it just incompetence? It’s a question often asked when it comes to politics. And regularly, the answer is both.