Business News

5 things you need to know today

1. Senior members of the NSW Liberal Party believe it will take a “miracle” for candidate Dave Sharma to win the Wentworth by-election tomorrow according to the Sydney Morning Herald, which quoted unnamed sources as saying the fake email targeting independent candidate Kerryn Phelps had been “the final nail”.

2. Australian shares are expected to follow the lead of Wall Street when the ASX opens today, with the Nasdaq down 2.1% at the close on Thursday, the S&P 500 down 1.4% and the Dow down 1.3%.

3. Melbourne cab drivers have launched a $500 million lawsuit against Uber in an attempt to recover lost profits.

4. Venues for the Tokyo 2020 Olympic Games, as well as hundreds of other major Japanese landmarks and other buildings, have been fitted with earthquake shock absorbers by a company that has now admitted to falsifying testing data for over a decade.

5. Scott Morrison’s personal website has been taken over by a troll, with the previous content replaced by a picture of the prime minster and a loop of the song ‘Scotty Doesn’t Know’.

Published on: Friday, October 19, 2018

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