Business News

5 things you need to know today

1. The former Australian ambassador to Israel, Dave Sharma, has been selected as the Liberal Party candidate for the Wentworth by-election next month. Prime Minister Scott Morrison had been pushing for a female candidate to run for the seat.

2. Frank Lowy, the billionaire co-founder of Westfield, has criticised Australia's recent leadership challenges as well as the country's attitude towards migrants and migration in a speech. 

3. China has welcomed an invitation by the United States to resume trade talks, boosting Chinese tech stocks including JD.com, Baidu.com and Alibaba. President Donald Trumps said in a tweet that the US is "under no pressure to make a deal with China".

4. High winds from Hurricane Florence have begun hitting the US, with "catastrophic flash flooding" expected to hit North and South Carolina according to the US National Hurricane Center.

5. Would you pay $20 to take a half hour nap? A sleep centre called Nap York has opened up in New York, offering up comfortable pods to nap in for 30, 60 or 90 minutes.

Published on: Friday, September 14, 2018

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