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The 10 most important things in the world right now

Wednesday 11 July 2018

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The 10 most important things in the world right now

Hello! Here's what's happening on Wednesday.
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'Escalation is here': The US has chosen a path that rapidly ramps up Trump's trade war with China

The scenario will harm US economic growth and boost inflation.
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The crackdown on risky mortgage lending in Australia is now largely complete

It says any additional tightening of lending standards will now be "at the margin".

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China vows to fight back as the trade war escalates

It has vowed to retaliate to the countermove.
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The final 4 boys who were rescued from a Thai cave still can't talk

It's likely this is because they are weak and in recovery. 
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There was no sign of a 'credit crunch' in the latest Australian home loan lending data

The dollar value of investor home loans fell again, but it was marginal in scale.
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The father of the Australian doctor who helped rescue the Thai soccer team died while his son saved 13 lives

He plans to return home to take some time off to be with his family.

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