Business News

5 things you need to know today

  • The Greens are planning a major national campaign to change the date of Australia Day, with federal leader Richard Di Natale listing the push as one of his top priorities for 2018. Di Natale says that, "it's time we stop papering over an issue that for 200 years has been so divisive and painful for so many of our citizens." Issues around the change are controversial, especially after radio broadcaster Triple J announced it was moving its annual Hottest 100 countdown from January 26 to January 27 after pressure from Indigenous groups to change the date.
  • Pegasus Airlines passenger jet has skidded off a runway in Turkey and come to a perilous stop on the side of a cliff just metres above the ocean. The flight had taken off smoothly from the capital Ankara and landed in Trabzon, but skidded off the runway in the northern airport. No one was injured or killed in the landing.
  • Global investors are positioning for higher central bank interest rates as US inflation and robust consumer spending pushed the yield on the two-year US Treasury bond above 2% for the first time since the GFC. US Federal Reserve officials ramped up warnings that the accelerating US economy might overheat as Trump's tax cuts kick in. 
  • A false alarm sent Hawaii into a scramble on Saturday amid reports a ballistic missile was headed towards the island. The alert was sent out due to human error during a changeover shift where a staff member pushed the wrong button.
  • Thousands of residents of an island near a Papua New Guinea volcano have been evacuated after escalating eruptions sparked fears of a possible landslide and tsunami, the authorities and reports said on Sunday. The volcano on the island of Kadovar, located about 24km north of the Papuan mainland, began erupting on January 5 but has since escalated since Friday.


Published on: Monday, January 15, 2018

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