Business News

5 things you need to know today

1. Labor has supported the government's encryption laws in the Senate, which will give law enforcement agencies access to encrypted messages.

2. Writing in The Australian, Scott Morrison has described Labor's original plan to see border security laws changed before it would give its support to the encryption laws as "shameful". 

3. The Dow Jones and S&P 500 have closed slightly lower overnight after the Wall Street Journal reported that the US Federal Reserve may pause rate hikes and implement a 'wait-and-see' approach. The Dow fell 79.40 points, or 0.32%, to 24,947.67 and the S&P 500 was down 0.15%, while the Nasdaq ended the trading day 0.4% higher.

4. The president of Ecuador, Lenin Moreno, has announced that Britain is not planning to extradite WikiLeaks founder Julian Assange to a country where he could face the death penalty. Assange has been in the Ecuadoran embassy in London since 2012.

5. 77 female police officers from Dubai have pulled a Boeing 777, weighing in at more than 168 tonnes, for over 100 metres, netting the group a Guinness World Record.

Published on: Friday, December 07, 2018

blog comments powered by Disqus

New on Switzer