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10 things you need to know this morning in Australia

Wednesday, 27 July 2016

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Facebook is breaking all the laws of modern business. US voters are so jaded, they want The Rock to run. And China says it o
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10 things you need to know this morning in Australia

Facebook is breaking all the laws of modern business. US voters are so jaded, they want The Rock to run. And China says it owns the biggest hole in the world - outside of the ACT.
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6 things Australian traders will be talking about this morning

The Fed signaled the preconditions for a rate hike are in the ascendancy overnight but traders on stock and forex markets don't see any risk in that given the next meeting is not for another six weeks.
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Facebook has disproved one of the laws of business over the last year

Most successful businesses run into the law of large numbers. That is, the larger you get, the harder it is to show the same percentage growth year after year. There are only so many people in the world, only so many adjacent businesses to move into.
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There is no Apple Car, and there never will be

Apple put somebody with zero automotive experience in charge of the project, although he was reportedly close to Steve Jobs.
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The Australian dollar looks set to take a breather after a wild Wednesday

As promised, it was a wild session for the Australian dollar on Wednesday. 
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The world's most active volcano is releasing lava into the Pacific Ocean

The Kilauea Volcano's Puʻu ʻŌʻō vent had been slowly releasing lava since May 24, but the lava has just this week made contact with the water.
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One reason why Europe's war against terror is ineffective

The death of Father Jacques Hamel in Rouen comes two weeks after another suspected ISIS lone-wolf killed 84 people celebrating Bastille Day in Nice.
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The latest spat between the two Koreas took a really bizarre turn

North Korea has accused its southern counterpart of releasing deadly snakes along the border.

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