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5 things you need to know today

  • China's Foreign Minister has told Julie Bishop that Australia needs to remove its "tinted glasses" and "translate its words into concrete actions" to improve ties after tensions over Beijing's anger with recent political moves by Canberra. The terse remarks followed a meeting between Foreign Minister Wang Yi and Ms Bishop on the sidelines of the G20 foreign ministers' conference in Argentina, and produced markedly different responses from the two sides.

  • US markets have fallen after President Donald Trump told reporters that there was a "substantial chance" his summit with North Korean leader Kim Jong-un will not take place as planned on June 12. Mr Trump also said he was not pleased with the recent US-China trade talks, but that the negotiations "were a start" as his administration works toward a final deal to address trade imbalances with Beijing.

  • Facebook boss Mark Zuckerberg has apologised to European Union politicians for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network. Mr Zuckerberg also stressed Facebook's commitment to Europe, where it will employ 10,000 people by the end of the year to prevent a reoccurence.

  • In a search for aliens, scientists have discovered what is called a Fast Radio Burst while scanning the skies from Australia as part of the biggest search for extra terrestrial life in the Milky Way and nearby stars. Is ET trying to fly home?

  • In markets, the Dow Jones index dropped 179 points, or 0.7 %, to 24,834, and the Nasdaq fell 0.2 %. Over to Europe the FTSE +0.2% at 7,877 the German DAX +0.7% at 13,170 and the Euro Stoxx 50 +0.6% at 3,595.

Published on: Wednesday, May 23, 2018

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