Business News

5 things you need to know today

1. Labor's proposed property policies could see up to 42,000 fewer dwellings constructed and 32,000 fewer jobs over five years according to modelling by Master Builders Australia, The Australian reported.

2. Barnaby Joyce has criticised Scott Morrison's decision to send Malcolm Turnbull to represent Australia at an environmental conference in Bali, while The Daily Telegraph is reporting that Morrison will still send Turnbull to Bali but does not want anything to do with him in the future.

3. After falling over 2% at their lowest points yesterday, the Dow Jones (-0.5%), the S&P 500 (-0.55%) and the Nasdaq (-0.42%) had all recovered some of the losses at the market close.

4. Donald Trump has described the killing of journalist Jamal Khashoggi as the "worst cover-up" ever, while Khashoggi's son Jamal has met with Saudi Arabia's Crown Prince Mohammed bin Salman in Riyadh.

5. The world's longest sea bridge has been opened in China. The $20 billion bridge measures 55 kilometres and links Hong Kong and Macau to the Chinese main land.

Published on: Wednesday, October 24, 2018

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