View this email via your browser

10 things you need to know this morning in Australia Good morning!

Amazon is closing all 87 of its pop-up stores, reportedly laying off all employees The retailer will instead expand its Amazon 4-star and books concepts.

The Australian dollar sinks as RBA rate cut speculation grows The Australian dollar sank on Wednesday as weak economic growth spurred speculation of further RBA rate cuts.

Deutsche Bank is slashing its bonus pool and some bankers are getting zero payouts Deutsche Bank cut its 2018 bonus pool by as much as 15% to 2 billion euros ($US2.3 billion), Bloomberg reported. Many bankers at the firm saw deep cuts to their 2018 bonuses, and a few who based in New York and London received zero bonuses.

Iron ore prices barely budge despite more industrial curbs in China Iron ore spot markets recorded limited movement on Wednesday. Tangshan, China's largest steel production hub, announced an extension of industrial curbs on environmental grounds.

Jeff Bezos hinted that Elon Musk should 'go live on the top of Mount Everest for a year' if he wants to populate Mars Jeff Bezos, the founder of Amazon, recently gave a private talk about his aerospace company,

A flight captain ordered pizzas for everyone on board after the plane was diverted and grounded on the tarmac for hours The flight, which took off Monday afternoon from Toronto, was originally scheduled to land two hours later in Halifax, but encountered a storm that prevented the plane from landing.

Facebook says it will move to encrypted, auto-deleting messages — and warns that some countries might ban it In a blog post published Wednesday, CEO Mark Zuckerberg said the company wanted to become a "privacy-focused communications platform."

Chinese Tesla rival Nio is crashing after slashing its delivery outlook and calling off plans for a Shanghai factory Nio, widely seen as the Tesla of China, on Tuesday cut its delivery guidance and canceled its plans to build a manufacturing plant in Shanghai. Shares tanked 20% Wednesday, and were on track for their worst trading day since going public in September of 2018.

A study on psychedelic microdosing in rats revealed promising results for anxiety and depression A new study on rats in the journal ACS Chemical Neuroscience is one of the first to look at how small doses of the psychedelic drug DMT affects anxiety and depression symptoms.

Business Insider Australia © 2019 Allure Media Unsubscribe • Email to a Friend • Privacy Policy