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10 things you need to know this morning in Australia

Thursday, 28 March 2019

Trip Guide News

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Australian household wealth hit by plunging stocks and weaker property prices

A negative wealth effect has likely contributed to weakness in Australian household spending, contributing the broader economic slowdown seen in the second half of last year.
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How Australia's top secret cyber agency helped defeat Islamic State

The demise of Islamic State was hastened by the quick fingers of Australian cybersecurity professionals. In a rare public address, the head of the Australian Signals Directorate (ASD) Mike Burgess declassified details about the operation against so-called Islamic State, known as Daesh, for the Australian public.
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Iron ore prices slip again

The benchmark spot price has now fallen for four consecutive sessions. Brazilian miner slashed its iron ore sales forecasts for this year, reflecting disruptions to facilities it operates following a deadly mining disaster in late January.
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The Australian dollar is struggling to find traction

The Australian dollar drifted lower in quiet trade on Thursday. Continued dramas over Brexit saw the British pound plunge again. Those dramas look set to continue on Friday.
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Workers vs. Chemist Warehouse: The successful fight for more money and better working conditions

Workers at Chemist Warehouse will receive an immediate 8.75 per cent pay rise and over four years their salaries will increase by 18.75 per cent. The agreement follows two weeks of strikes at Chemist Warehouse in Victoria and Queensland that have left stores with with empty shelves.
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Hundreds of people are stranded and freaking out after Wow Air collapsed

The Icelandic budget airline Wow Air abruptly ceased operations on Thursday. The carrier canceled all flights, stranding hundreds of passengers.
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The Mueller report is reportedly over 300 pages long, and could answer key questions about Trump associates' contacts with Russia

The news suggests that Mueller's report includes details that go far beyond those included in the cursory summary Attorney General William Barr sent to Congress.
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How much Huawei's P30 and P30 Pro will cost in Australia

Pre-Orders for the Huawei P30 and P30 Pro in Australia are open from today, with the device going on sale 16 April. Outright, the P30 costs $1,099 and the P30 Pro $1,599.
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Leaked emails reveal Facebook's intense internal discussion over Alex Jones' 'anti-Semitic' post on Instagram

Business Insider has seen a lengthy Facebook email chain in which executives discuss Alex Jones' future on Instagram and removing an inflammatory post.

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