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5 things you need to know today

  • In breaking news this morning, the United States have withdrawn from the United Nations Human Rights Council, accusing it of a chronic bias against Israel. Standing with US Secretary of State Mike Pompeo, US ambassador to the UN Nikki Haley slammed Russia, China, Cuba and Egypt for thwarting American efforts to reform the council. Ms Haley also said the "disproportionate focus and unending hostility toward Israel is clear proof that the council is motivated by political bias, not by human rights".

  • Apple has been fined $9 million for making false or misleading representations to customers with faulty iPhones and iPads about their consumer rights. The Australian Consumer and Competition Commission (ACCC) took action against Apple US and its Australian subsidiary, Apple Pty Ltd, in the Federal Court. This error disabled some iPhones and iPads after customers downloaded an update to Apple's iOS operating system.

  • U.S President Donald Trump has threatened to impose a 10% tariff on $US200 billion of Chinese goods escalating a trade war with Beijing. Trump said in a statement that he had asked the US trade representative to identify the Chinese products to be subject to the new tariffs. He said the move would be in retaliation for China's decision to raise tariffs on $US50 billion in goods.

  • Optus is confident it has resolved the technical problems that have marred its coverage of the 2018 World Cup, as marketing experts warned th telco's customers and advertisers would still expect compensation. After broadcasting five games with minimal problems, Optus will not need to extend its agreement with SBS to show all matches live. 

  • In markets, the Dow Jones fell 287.26 points to close at 24,700.21, the  S&P 500 dropped 0.4% to 2,762.45, with materials, industrials and tech lagging. The Nasdaq composite closed 0.3% lower at 7,725.59. Over to Europe, the German DAX finished lower, 1.22% to 12677.97, the FTSE finished 0.36% lower at 7603.85 and the Euro Stoxx 50 also closed lower, 0.90% at 3,435.30.

Published on: Wednesday, June 20, 2018

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