Business News

5 things you need to know today

  • Domain shares have jumped overnight, despite the company reporting a half-year loss. Domain posted a statutory net loss of $3.4 million in the first half of the financial year as restructuring costs weighed on the result. However, investors appeared to welcome the result, with shares closing 4.5 per cent higher at $3.00.
  • A US visa category could potentially be a model to allow thousands of skilled Australians to work in the United Kingdom post-Brexit, according to Foreign Minister Julie Bishop. The Federal Government has repeatedly made it clear it is "enthusiastic" about discussing better visa arrangements for Australians, alongside any free trade negotiations with the UK. On a visit to London, Ms Bishop said the reciprocal USA E-3 visa for skilled workers is an example of how freer movement might be achieved.

  • At least 17 people have been buried alive after a garbage mound collapsed at a dump in Mozambique. Heavy rain triggered the partial collapse of the huge mound of garbage and authorities believe more bodies could be found buried at the Hulene dump of the outskirts of Maputo, as the search for survivors continues. 

  • A Japanese company has created a banana that you don't need to peel before eating. The Mongee banana has an edible skin which is said to taste like a vegetable and have a lettuce like texture. Setsuzo Tanaka from Okayama Prefecture has spent the past 40 years perfecting the technique for growing them. Banana seedlings are frozen, then thawed and replanted, which his company, D&T Farm, calls the "freeze-thaw awakening" method.

  • Overnight in markets, the Dow Jones rose 0.8% at 25,219, the S&P 500 also finished 0.04% higher at 2,732, Nasdaq remained flat at 7,239. Over to Europe, the FTSE fell 0.64% to 7,248 and the German DAX -0.53% to 12,386.

Published on: Tuesday, February 20, 2018

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