Business News

5 things you need to know today

  • Amazon is launching a new 'assault' on Australian retailers by making it easier for local businesses selling on its online site to get purchases to customers. As of today, traders selling on Amazon Marketplce will be able to send their products to its Melbourne fulfilment centre and pay the global ecommerce store to pick, pack and ship orders to consumers in Australia.
  • The Parliament's independant budget watchdog has confirmed the Coalition's corporate tax cuts are fully factored into the nation's finances, undermining Labor's claim they represent a $65 billion hole in the budget. 
  • US President Donald Trump has boasted that he would have run into the deadly Florida high school shooting, even if he didn't have a weapon. At a meeting with the country's governors, Mr Trump criticised officers who didn't stop the gunman who carried out the massacre earlier this month, saying they "weren't exactly Medal of Honour winners".

  • A swimmer in Saturday's Rottnest Island Swim who was completing the gruelling 19.7km race doing butterfly, spotted a four metre Great White shark lurking below him. The swimmer's team alerted race officials to the sighting and a decision was eventually made for around 100 swimmers to get out of the water for safety reasons.

  • Australian shares are expected to begin the day higher, following a solid night of foreign stock trading. The Dow Jones finished 1.5% higher at 25,689 the S&P 500 also higher, 1.1% at 2,777 and the Nasdaq 1% higher at 7,414. Over to Europe, the FTSE finished 0.6% higher at 7,290, the German DAX 0.4% higher at 12,527 and the  Euro Stoxx 50 +0.8% at 3,468

Published on: Tuesday, February 27, 2018

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