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10 things you need to know this morning in Australia

Wednesday 9 October 2019

Business Outsider

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Falling interest rates are scaring Australians, with confidence falling to a four-year low – and it's mortgagees who are the most spooked

Australian confidence in the economy has hit its lowest point since July 2015, according to the latest Westpac consumer sentiment survey. Confidence plummeted 5.5% in October, above and beyond the forecast 0.3% decline, after the RBA cut the official interest rate again.
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A massive housing bubble could form if Australia pulls the trigger on negative interest rates and quantitative easing, analysts warn

RBA governor Philip Lowe may have largely endorsed the use of negative interest rates and quantitative easing (QE), but some analysts warn they could have seriously negative effects in Australia.
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The RBA announced the new Australian $20 note with a thoroughly awkward video of Philip Lowe buying a bag of bananas

The new Australian $20 note has been released into circulation, and to prove it is indeed legal tender, the Reserve Bank of Australia (RBA) has posted a video of governor Philip Lowe using it to buy a bag of bananas.
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We tried Hungry Jack's new plant-based, meat-free Whopper – and found it's pretty close to the real deal

The Rebel Whopper is Hungry Jack's first stab at a plant-based burger for the Australian market. Made from a mixture of legumes and natural oils, it's being billed as a cruelty-free alternative to traditional meat. But how does it taste?
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Some Blizzard employees reportedly walked out to protest the punishment of a 'Hearthstone' competitor who spoke up in support of the Hong Kong protests

About 30 Activision Blizzard employees staged a walkout to protest the company's punishment of a Hong Kong-based esports competitor who made a political statement during a Blizzard event in Taiwan, according to a report from The Daily Beast.
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Amid a company meltdown and employee revolt, WeWork is sponsoring LinkedIn ads offering to help address 'lagging team morale'

WeWork has at least one promoted ad on LinkedIn offering to advise employers on how to reinvigorate "lagging team morale." Former WeWork employees have called out the startup for its chaotic company culture, which involved partying, long workdays, and high turnover.
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Trump defends abandoning the Kurds by saying they didn't help the US in WWII

President Donald Trump on Wednesday continued to defend his decision to withdraw US troops from northeast Syria, abandoning Kurdish forces in the region, by saying the Kurds did not help the US during World War II.
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We just got the latest sign that Saudi Aramco's record-shattering IPO will soon be a reality

Saudi Aramco is moving forward with its plans for an IPO after drone attacks crippled its oil production, and new details suggest some shares will be offered before 2020.
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Aston Martin revealed the 4 cars James Bond will drive in the new 007 movie

Aston Martin has officially announced the four cars that will appear in the next James Bond instalment, "No Time to Die." The lineup includes the classic DB5, the first Aston Martin to ever be featured in a "007" film, as well as the 2021 Valhalla.

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