Business News

5 things you need to know today

1. Scott Morrison has rejected calls by the opposition to sack Peter Dutton over the au pair saga, telling Channel 9 "Labor Party's about stopping au pairs. We're about stopping boats, criminals, bikie gangs."

2. The Liberal and Labor parties are both open to examining aged care funding in the royal commission. Fairfax reported that aged care costs would overtake Medicare within the next decade.

3. Economists expect the ongoing trade war will affect China the most, with tariffs imposed by the US expected to slow growth by up to 0.6% next year.

4. Global poverty rates have dropped to their lowest levels in most regions of the world. According to the World Bank, 10% of the world's population lived on less than US$1.90 a day in 2015 compared to 11.2% in 2013.

5. Hong Kong airline Cathay Pacific has accidentally misspelled its own name on the side of a new plane. The Boeing 777-367 features the name 'CATHAY PACIIC'.

Published on: Thursday, September 20, 2018

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