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The 10 most important things in the world right now

Friday 29 June 2018

Business Outsider

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The 10 most important things in the world right now

Hello! Here's what's happening on Friday. 
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CBA has cut $60 million from the pay of its senior executives following an APRA inquiry

The plan is to strengthen governance, culture, accountability, and customer outcomes.
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Bill Shorten rolls on company tax in a brutal blow to his credibility

His announcement sent shockwaves through the business community and electorate.

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Bitcoin has plunged through $6,000 again and is looking weak

It's second time this week this has happened. 
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New home sales just slumped across Australia -- again

Sales fell in every mainland state, led by steep declines in New South Wales and Victoria.
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The Chinese yuan continues to unravel

The latest bout of weakness follows the USD/CNY daily midpoint fixing from the People's Bank of China. 
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The number of job seekers exposed by the PageUp hack now runs into the hundreds of thousands

Many companies have now cut or suspended their links with PageUp. 
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Neil Perry's latest fine diner, Jade Temple, is closing after less than a year in business

It will close tomorrow night and be converted into a private function space. 
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Business Insider Select: Top execs in banking, retail, and tech are saying they don't practice work-life balance - because they found something better

Thursday 28 June 2018

Business Outsider

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Business Insider Australia Twitter Facebook LinkedIn
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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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These 22 sketches make complicated financial concepts simple enough to fit on a napkin

Every explanation is simple enough to fit on a napkin.
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A group linked to the Chinese government has warned of a looming 'financial panic'

Chinese stocks are in a bear market and its currency has fallen to the lowest level this year. 
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UK financial entrepreneur Anthony Thomson is launching a new digital bank in Australia

It plans to be a standalone APRA-approved ADI with ambitions to steal market share from the Big Four.
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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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RBC: These are the best tech stocks to own over the next decade

The bank says these tech stocks are best positioned to succeed on a longer timeline than normal stock picks.
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Here's a map showing which countries are making it difficult for Chinese investors to buy property

Foreign investment in residential property is a contentious issue. 
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How Australia's biggest capital raising deal of the year was done in 90 minutes

It is the largest raise in 2018 by an Australian company.
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