Business News

5 things you need to know today

  • Australia's World Cup 2018 campaign still remains alive after an impressive 1-1 draw over Denmark. The Socceroos' collected their first World Cup point in eight years, but slumped to the ground in disappointment at the sound of the final whistle after pegging the world's 12th ranked side to the ropes with a dominant second-half display.
  • US first lady Melania Trump has visited a border detention centre after the fate of separated migrant children still remains unclear. She was also wearing a military style jacket with the words "I really don't care, do u?". "It's a jacket. There was no hidden message," her spokeswoman Stephanie Grisham said when asked what message Mrs Trump's jacket intended to send.
  • New Zealand Prime Minister Jacinda Ardern has given birth to a baby girl yesterday. She has become the second elected world leader to give birth while in office, after former Pakistani prime minister Benazir Bhutto in 1990.
  • The Turnbull government is redoubling efforts to secure the passage of its company tax cuts after the Senate handed it its biggest victory to date by passing the three-stage, $144 billion income tax cuts package. It was achieved with the support of the Senate crossbench and sets the scene for a fight all the way to a federal election with Labor vowing to repeal the second and third stages of the cuts, which provide relief to people earning above $90,000.
  • Australian shares are expected to fall after US and European stock markets took a dive overnight. The Dow Jones index tumbled by almost 200 points, or 0.8%, to 24,462. The S&P 500 and Nasdaq lost 0.6 and 0.9% respectively. Over to Europe, the FTSE -0.9% at 7,556, DAX -1.4% at 12,512 and the  Euro Stoxx 50 -1.1% at 3,403

Published on: Friday, June 22, 2018

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