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10 things you need to know this morning in Australia

Thursday 2 May 2019

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10 things you need to know this morning in Australia

Beyond Meat has an explosive US IPO, millennials are snapping up Tesla shares and India is preparing for a powerful cyclone.
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The Australian dollar has fallen below 70 cents again

The Australian dollar continues to fall as markets scale back the likelihood of a rate cut from the US Federal Reserve this year.
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Beyond Meat CEO reveals his plan to convince meat eaters to eat vegan substitutes following the company's explosive IPO

Beyond Meat made an explosive stock-market debut on Thursday, with shares surging by as much as 163%. We talk to the CEO.
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After a brutal 2018, Australian new home sales look to have stabilised

Australian new home sales have stablised after slumping over 8% last year.
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Facebook tried to turn a ban of far-right figures into a PR opportunity, but it backfired

Facebook is barring a bunch of far-right figures. But the company made the announcement before the bans came into effect, giving the figures time to respond.
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Millennials are pouring into Tesla's stock following the electric-car maker's disastrous quarter

Tesla's disastrous first quarter did not scare away millennial investors, according to data from the Robinhood trading app.
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Uber makes $785 million in Australia in 2018 – but pays just $8.5 million tax

Uber's local arm made a gross profit of $785 million, but most of it was wiped out by a service payment to its US parent.
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Chinese authorities are reportedly using an app to monitor Muslims in Xinjiang and see if they match 36 'person types' deemed as dangerous

An app is being used to monitor residents in the Xinjiang region and flag them to officials as dangerous, according to Human Rights Watch.
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NASA chief warns people need to take the threat of a meteor crashing into Earth more seriously

"We have to make sure that people understand that this is not about Hollywood. It's not about movies," Bridenstine told a conference on Monday.
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The king of Thailand married his bodyguard in a lavish surprise ceremony where he poured sacred water on her head

The wedding took the country by surprise because the royal palace had never acknowledged the couple's relationship.

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