Business News

6 things you need to know today

  • The US government is in partial shutdown for a second day. President Trump upped the stakes on Sunday morning urging Republicans to end the legislative filibuster or take the nuclear option. Funding for federal agencies ran out on Saturday with Mr Trump and Republican politicians locked in a standoff with Democrats, who say any funding bill must include protections for "Dreamers". As the shutdown entered its second day, there appeared to be no clear path for a quick end to the crisis.

  • Directors of the sandalwood company Quintis have called in administrators. The company owns and manages thousands of hectares of Indian sandalwood plantations across northern Australia. The company decided to appoint investment firm KordaMentha as administrators and it is expected McGrathNicol will be appointed as receivers in a matter of days. Shareholders have expressed anger, particularly those who had been calling for changes to the Quintis board.

  • At least 18 people were killed on the weekend after Taliban gunmen stormed the Intercontinental Hotel in Afghanistan's capital, with some reports placing the deathtoll at more than 40, including 14 foreigners. Guests could be seen trying to escape the building using tied down beed sheets from upper floor windows, while others were rescued by Afghan forces. The heavily-guarded luxury hotel is popular among foreigners and Afghan officials.
  • Women's March protests were held in major cities across the world over the weekend, on the one year anniversary of Trump's inauguration. Thousands gathered in Australian cities including Sydney, Melbourne and Brisbane, in a bid to generate more female candidates running for office as well as to protest against the US president's policies. Rallies in the US drew more than 120 thousand supporters.

  • Australian Tennis wild boy, Nick Kyrgios was defeated last night in the fourth round of the Australian Open against world number 3 Grigor Dimitrov. The 22-year-old managed to control his temper as he put on a fight before being defeated: 7-6 (7-3), 7-6 (7-4), 4-6, 7-6 (7-4).

  • Amazon is opening its first checkout-free grocery store to the public on Monday after a year of experimenting and testing. The store is based in Seattle and known as Amazon Go which relies on camera and sensors to track what shoppers remove and put back on the shelves. Could this be the future of grocery shopping? 



Published on: Monday, January 22, 2018

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