There was too little reporting and analysis of the elections in Chile this week. Here a good piece by Franck Gaudichaud
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Climate Crisis
Jordyn Dahl – 5 things to know about Europe’s electric vehicle transition
As European car manufacturers fall well behind their Chinese competitors, the EU is getting twitchy about its own targets to eliminate the internal combustion engine. In ‘Politico’. Read the article HERE.

Finance
Ann Pettifor – Time to tighten financial seatbelts?
There’s reason to believe that the combination of high levels of public and private indebtedness combined with high interest rates could lead to financial trouble in the not-too-distant future. In Ann Pettifor’s Substack. Read the […]

Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
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