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10 things you need to know this morning in Australia

Tuesday, 6 August 2019

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10 things you need to know this morning in Australia

US stocks bounce back following historic losses on Monday.
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The Australian stockmarket had one of its worst days in 3 years as the US-China trade war escalates

The Australian stock exchange (ASX) followed the US into freefall on Tuesday.
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A gram of cocaine can set you back $600 in Australia — but nearly 10% of the population have tried the drug anyway

The market for cocaine in Australia is expanding with greater supply and demand, according to law enforcement agencies.
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One in 10 ultra-wealthy Hong Kong residents lost their millionaire status in 2018, and an expert says the extreme wealth loss highlights the volatility of their net worths

The net worths of Hong Kong's ultra-wealthy are more volatile than the net worths of their counterparts in any other region in the world.
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Trump goes after Google CEO Sundar Pichai in tweetstorm, says the tech giant is being watched 'very closely'

President Donald Trump went after Google CEO Sundar Pichai in a series of tweets.
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Disney slumps as earnings and sales miss expectations despite box-office hits

Disney reported third-quarter financial results after the market close on Tuesday that missed analyst expectations for both revenue and profit.
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Amazon launches platform to give Aussie startups new customers and unlimited shipping — and it's hoping to find the next Vegemite

Amazon Australia has launched a new program to help Australian startups bring their products to market.
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Chernobyl's 'sarcophagus,' which helped contain the spread of radiation, is being dismantled because it's teetering on collapse

On April 26, 1986, the core of a reactor opened at the Chernobyl Nuclear Power Plant, releasing enormous amounts of radioactive material.
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Chinese giant Tencent is in talks to buy a $3.4 billion stake in Ariana Grande's music label Universal Music Group

Chinese internet giant Tencent is in talks to buy a 10% stake of Universal Music Group from Vivendi.
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How digital transformation saw the Melbourne Cricket Ground cut carbon emissions by 17%

Businesses need to get serious about digital transformation.

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