Business News

5 things you need to know today

• Australian telcos are failing the customer service test, with Telstra sitting at the bottom of the pile, according to Australian Communications Consumer Action Network’s. The report showed that consumers waited 13 days on average to get their issues fixed and up to two months on complicated problems. Leading the rankings were Virgin, Vodafone and Amaysim.

Afghan Vice-President Abdul Rashid Dostum has narrowly escaped a suicide bomb attack at Kabul airport as he returned home following more than a year in exile in Turkey over allegations of abusing a political rival. Dostum exited the airport in a motorcade only minutes before the explosion on Sunday, which police said killed at least 14 people and wounded more than 50.

Cryptocurrency scams appear to be behind a doubling of investment scam reports by watchdog Australian Securities and Investments Commission. ASIC found there were 582 reports of investment scams in the first half of the year, over double last year’s 275 reports for the same period.

• The US dollar fell for a second straight day following comments by President Trump that he was concerned about the Fed hiking rates. The day after his comments, Trump accused China and the European Union of manipulating their currencies, saying on twitter: “China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field…”.

Elon Musk has settled a bizarre argument with a Colorado artist who created a mug featuring a farting unicorn. Musk used the image in Tesla operating systems and other company material, prompting potter Tom Edwards to ask for his copyright to be recognised. Edwards blogged on Friday that the matter is now resolved “in a way that everyone feels good about.” Musk’s response featured a unicorn, a puff of air and a peace sign on Twitter.


Published on: Monday, July 23, 2018

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