Business News

5 things you need to know today

1.Malcolm Turnbull has been contacting Liberal MPs to encourage them to refer Peter Dutton to the High Court. Dutton's wife owns two childcare centres that have received $5.6 million in rebates from the government in the past eight years. Turnbull wrote on Twitter that "he should be referred to the High Court, as Barnaby was, to clarify the matter."

2. In the latest episode of the trade war saga, the United States has reportedly invited Chinese officials to meet to discuss trade issues within the next few weeks. 

3. Myer has reported a loss of $486 million, its first loss since listing in 2009. "These results are obviously disappointing and shareholders deserve better," CEO John King said.

4. New York has overtaken London as the world's top financial centre due to Brexit according to the Z/Yen global financial centers index. Sydney moved up two places in the survey, which ranks financial centres by factors like infrastructure and regulation, to be ranked 7th, while Melbourne fell 8 places to 20th.

5. The first on-demand driverless car is set to begin carrying passengers in Perth beginning early next year. Driverless car maker Nayva's 'Intellicar' will first be tested on empty roads before hitting public roads. 

Published on: Thursday, September 13, 2018

blog comments powered by Disqus

New on Switzer