Business News

5 things you need to know today

  • Malcolm Turnbull has recorded his 30th consecutive Newspoll loss, the same record he cited to challenge Mr Abbott for the Prime Ministership in 2015.  The Newspoll, which was released overnight, found the Coalition trailing Labor 48:52 on a two party preferred basis. Tony Abbott says he is not going to challenge Mr Turnball for the PM role.
  • German police are on high alert after they detained several people in Berline who they suspected were planning an attack linked to Sunday's half-marathon. Berlin police said in a statement they had detained suspects aged between 18 and 21 after searches in the districts of Charlottenburg-Wilmersdorf and Neukoelln in the capital. 
  • 100 metre freestlye Olympic champion Kyle Chalmers has been dethroned overnight in the final of the 100 free by Scotland's Duncan Scott. Scott finished in a time of 48.02 while Chalmers finished equal second in 48.15.
  • US reporting season begins this week and the arm wrestle between trade fears and improving conditions in the US will be tested. Earnings growth on the S&P500 is expected to be almost 18% higher than a year ago, bank earnings are tipped to be up 20% and industrials up 14%.
  • Gun theft has doubled since 2007 as gun control lobby calls for a regulation overhaul. The data, obtained by lobby group Gun Control Australia (GCA) under Freedom of Information (FOI) laws, reveal that almost 27,000 firearms have been reported as stolen across the country between 2007 and 2017. The figures show that the number of gun thefts has increased from just over 1,700 in 2007-8 to nearly 3,300 in 2016-17.

Published on: Monday, April 09, 2018

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