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The 10 most important things in the world right now

Tuesday, 26 June 2018

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The 10 most important things in the world right now

Hello! Here's what's happening on Tuesday.
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The RBA seems to be running monetary policy on a hunch

It is targeting higher than necessary unemployment as the tool for containing household debt. 
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Here's how Australia's new $7 billion fleet of giant Triton drones will keep an eye on the South China Sea

The Turnbull government will buy six long-range surveillance drones from US defence supplier Northrop Grumman.
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Collins Foods, the rise of KFC and the fall of Sizzler

Collins now has 225 KFCs in Australia plus a growing network in Europe. 
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Why the risk of out-of-cycle mortgage rate increases is rising in Australia, in one chart

Short-term Australian money market rates have spiked, creating margin pressures for banks.
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Chinese billionaire Jack Ma is increasingly warning about a bubble in bitcoin

While he is a strong advocate of blockchain technology, it's the second time in a month that he said bitcoin looks overvalued.
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Andrew Forrest just turned a blowtorch on fellow billionaire Gina Rinehart's bid for Atlas Iron

Fortescue Metals says Gina Rinehart's company has made "misleading statements" regarding its takeover bid for Atlas Iron. 
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Controversial telecommunications giant Huawei paid for Australian politicians to go on more trips to China than any other company

Over the last eight years it paid for 12 international trips, twice as many as the next highest corporate sponsor.
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This rare 1957 Porsche Spyder is up for sale for $6.2 million

It's a piece of racing history, and is one of only 40 ever produced.
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From penthouse to outhouse: 7 wines to enjoy even if you miss out on an end-of-year bonus

As always, there will be winners and losers, both sometimes as a result of simple (mis)fortune.

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