Business News

7 things you need to know today

  • Employment figures have shown that the employment rate has risen for a record 15 month straight, up by 34,700 in December after rising by 63,000 in November. Full time jobs rose by 15,000 while part time jobs rose by 19,500. The unemployment rate also increased from 5.4% to 5.5% as more Australians went looking for work.
  • Malcolm Turnbull and Japan’s Prime minister Shinzo Abe have announced Australian and Japanese fighter jets will carry out joint military ­exercises for the first time this year, as the two nations boost their defence co-operation. The new military exercises will be held ­between the Japanese Air Self-­Defence Force and the Royal Australian Air Force in Japan later this year.
  • Australia is set to reform how it regulates new genetic engineering techniques, which experts say will help to dramatically speed up health and agriculture research. These changes will enable agricultural scientists to breed higher yielding crops faster and cheaper as well as crops that are resistant to drought and disease.
  • Malaysian Airlines has once again made news headlines after a flight bound for Kuala Lumpur from Sydney was forced to divert to Alice Springs after suffering technical issues in the air. A loud noise seemed to alert passengers and crew before safelty landing at  Alice Springs airpoirt. It is not yet known what the cause of the emergency landing was.
  • Australian lifesaving drone made a world first rescue yesterday at Lennox Head, just hours after being unveiled. The drone successfully dropped a Rescue Pod into the water where at 17 and 15 year old boy were in trouble. Both swimmers were able to use the pod to make their way back to shore.
  • A total fire ban has been declared for eastern and northern parts of NSW as firefighters brace for hot and windy conditions. Temperatures are expected to exceed 40 degrees celcius over the weekend, with high  temperatures likely to continue into the new week.
  • Despite a weak trading day on Wall Street, Australian shares are set to open higher today. The Dow Jones index fell 0.4%  to 26,018, the S&P 500 fell 0.2% to 2,798, and the Nasdaq remained flat at 7,296. In Europe, the FTSE finished lower, 0.3% at 7,701, the German DAX rose 0.7% at 13,281.

Published on: Friday, January 19, 2018

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