Business News

5 things you need to know today

·      MacDonald’s says it will phase out plastic straws by 2020 in Australia. The company announced Wednesday that they would be replaced by paper straws over the next two years. A trial of paper straws will start in August in two outlets, and the change will roll out to all 970 restaurants nationwide by 2020.

·      The Perth father of the three children who died onboard MH17 when it was shot out of the sky has condemned US president Donald Trump for not standing up to Vladimir Putin during their recent meeting. Anthony Maslin's three children and their grandfather Nick Norris were killed when the Malaysia Airlines flight came down over Eastern Ukraine four years ago yesterday. Mr Maslin delivered a blistering attack at Mr Trump for his refusal to hold the Russian President to account for his country's involvement in the tragedy.

·      Google has been fined a record $6.8 billion by EU for using its Android mobile operating system to squeeze out rivals. The previous penalty record is $3.7 billion, which the United States tech company was ordered to pay last year over its online shopping search service.

·      Westpac’s leading index has indicated there’s a good chance the RBA will cut rates. Despite the RBA thinking the Australian economy’s growth will likely continue over the next couple of years, Westpac’s indicator points to the likelihood that growth will slow sharply in the second half of 2018.

·      Overnight in the US, the  Dow Jones lifted 0.3% at 25,199, S&P 500 +0.2% at 2,816, Nasdaq flat at 7,854. Meanwhile in Europe, the FTSE lifted 0.7% at 7,676, DAX +0.8% at 12,766, CAC +0.5% to 5,447, Euro Stoxx 50 +0.8% at 3,485.



Published on: Thursday, July 19, 2018

blog comments powered by Disqus

New on Switzer