Business News

5 things you need to know today

1. ABC chairman Justin Milne has reportedly intervened to ABC executives when stories and content he didn't like have been published, sources have told The Guardian. Malcolm Turnbull has also denied he issued any instructions to Milne to sack journalists.

2. The Australia Institute is launcing an ad campaign against the Business Council of Australia for its criticism of a planned 45% emissions reduction target which it says is an "economy wrecking target".

3. The US Federal Reserve has increased interest rates by a quarter percentage point to 2.25%, leading to a slip in major US bank stocks.

4. Donald Trump has accused China of attempting to "meddle" in the upcoming US mid-term elections.

5. A Queensland man has broken a Guiness World Record for the largest caravan made of Lego. The replica of a 1973 Viscount Royal caravan was constructed using almost 300,000 Lego bricks, more than four times the previous record.

Published on: Thursday, September 27, 2018

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