Business News

5 things you need to know today

  • David Warner has emerged as the central character in Australian cricket's ball-tampering crisis and the deposed captain will not be allowed to play in the fourth Test against South Africa starting in Johannesburg on Friday.
  • The United States and more than a dozen European nations have kicked out Russian diplomats, with the Trump administration also ordering Russia's consulate in Seattle to close, as the West sought joint punishment for Moscow's alleged role in the poisoning of an ex-spy in Britain. There are reports that the Australian Federal Governmen is considering expelling Russian diplomats, mirroring the response taken by the US and UK. 
  • Over 60 people have been killed in a shopping centre fire in Russia overnight and it is understood that a security guard switched off the fire warning system, blocking fire exits from the building. 
  • Hundreds of childcare centres across Australia are expected to be closed today, with workers planning to walk off the job to protest against low wages. The protest is the first since their union, United Voice, lost a five-year battle at the Fair Work Commission for a wage increase.
  • Australian shares are expected to rise, following a rebound on Wall Street led by financials and technology stocks. The Dow Jones +2.8% at 24,203, S&P 500 +2.7% at 2,659, Nasdaq +3.3% at 7,221. Over to Europe, the FTSE -0.5% at 6,889, DAX -0.8% at 11,787, Euro Stoxx 50 -0.7% at 3,274

Published on: Tuesday, March 27, 2018

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