Business News

6 things you need to know today

  • President Donald Trump is reviewing whether the United States should rejoin the Trans Pacific Partnership. The US President has apparently ordered his senior economic and trade advisers to examine the possibility of the US re-entering the 11 nation Trans Pacific Partnership. The move comes just over a year after Trump pulled out of the TPP.
  • Channel nine appears set to lose broadcasting rights to the cricket for the first time in 40 years. Cricket Australia will reportedly receive more than $billion after selling media rights to Foxtel and a free-to-air network instead.
  • Donald Trump has eased fears that a US military strike on Syria could be imminent after a chemical attack on the town of Douma last weekend pointed to the Syrian government. US stocks closed higher after he tweeted that a possible attack on Syria could occur “very soon or not so soon at all, relieving concerns of a confrontation with Russia.
  • Thermomix has agreed to pay $4.6 million after misleading customers about the safety of an appliance that scalded several people. The German manufacturer  sold almost 10,000 units in Australia between July and September 2014.
  • The search for an Australian woman who fell overboard from the P&O cruise ship Pacific Dawn yesterday around 300 kilometres west of New Caledonia has been called off.  Several passengers reportedly said the woman went outside to vomit as she was seasick, and she was thrown overboard when a wave hit the vessel.
  • Overnight in the US, the Dow Jones surged 293 points, or 1.2 per cent, to 24,483, while the S&P 500 rose 0.8 per cent. In Europe, the FTSE was flat at 7,258 and the DAX +1pc at 12,415.


Published on: Friday, April 13, 2018

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