Business News

5 things you need to know today

1. In the midterm elections, polling places across the United States will progressively close starting from 10:00am AEDT today, with voter turnout predicted to be the highest for a midterm election in 50 years.

2. Facebook announced it had blocked 30 Facebook accounts and 85 Instagram accounts "engaged in coordinated inauthentic behaviour" ahead of the election.

3. Health Minister Greg Hunt has announced changes to My Health Record that would see the maximum penalty for misusing records more than doubled to $315,000. The deadline to opt out of My Health Record is just over a week away on November 15.

4. The derailment of a BHP train in Western Australia on Monday, which travelled without a driver for over 92km at average speeds of 110km/h, could be costing the company up to $55 million in revenue, an industry source has told PerthNow.

5. The process of mining cryptocurrencies such as bitcoin can consume more energy than mining gold, platinum and copper. Up to three times the amount of energy is needed according to a report by the University of Cambridge.

Published on: Wednesday, November 07, 2018

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