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10 things you need to know this morning in Australia

Tuesday 26 January 2021

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10 things you need to know this morning in Australia

Good morning, team. Welcome to the second half of a short week.
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'It's business strategy as well as ideology': Here's how a misleading News Corp article kicked off a media storm about the ABC and Australia Day

The ABC has been the subject of a critical media cycle that falsely claimed the public broadcaster had officially decided to refer to January 26 as 'Invasion Day'.
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Transforming Australia's recycling system could pump billions into the economy, the CSIRO says in a major report

Australia could boost its GDP by $1 billion per annum by boosting its recycling capacities by 5%, according to a new CSIRO report. The major paper makes the economic and environmental case for an Australian 'circular economy' based on reducing waste and repurposing materials.
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Update your iPhone — Apple just disclosed hackers may have 'actively exploited' a vulnerability in its iOS

Apple said Tuesday that hackers may have "actively exploited" three security bugs found in its operating system. The vulnerabilities impact iPhone and iPad users, who should immediately update to iOS 14.4 as a precaution.
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GameStop short-sellers have lost $5 billion this year as Reddit's day-trader army squeezed their bearish bets

GameStop short-sellers have lost $US5 billion betting against the stock in 2021, S3 Partners said. Losses totaled roughly $US867 million on Tuesday alone as the stock rallied over 73%.
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Trump is likely to escape conviction in his Senate impeachment trial. Here's why.

Former President Donald Trump has faced bipartisan backlash for his role in the Capitol riots. However, barring an unforeseen political event, he is likely to escape a conviction.
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Reports that AstraZeneca's vaccine is less effective in older people appear to be based on botched statistics, the German government says

Media reports that AstraZeneca's COVID-19 vaccine is less effective in older people appear to be without merit. Reports in German media outlets Handelsblatt and Bild suggested the vaccine had an efficacy rate of 10% or less for those over 65.
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Pfizer's CEO said the company is working on booster shots that could combat coronavirus variants

Pfizer CEO Albert Bourla said the company is working on booster shots that protect against coronavirus variants. South Africa and the UK have identified new strains of the coronavirus that leads to COVID-19.
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The UK's COVID-19 death toll has passed 100,000, one of the worst in the world

The UK's COVID-19 death toll exceeds 100,000, according to official data issued Tuesday. It follows a recent spike in hospitalizations and deaths, fuelled in part by a new variant of the virus.
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The 5 types of stock market volatility and how they affect investments

2020 has proved to be a tumultuous year for global markets, with no signs of smooth sailing on the horizon just yet. While market turbulence might be a deterrent to some investors, others will find a way to use it to their advantage.

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