10 things you need to know in Australia this morning

Australian tennis player Nick Kyrgios celebrates his victory after beating Spanish tennis player Rafael Nadal during their Mexico ATP 500 Open men’s single tennis match on February 27, 2019. (Photo by PEDRO PARDO / Getty Images)

Good morning!

1. North Korean officials contradicted US President Donald Trump’s summary of his discussions with North Korean leader Kim Jong Un, which ended without a deal. North Korean foreign minister Ri Yong-ho said the North offered to dismantle Yongbyon – it’s primary nuclear facility. He added that Pyongyang also offered to permanently halt testing of nuclear weapons and long-range missiles, but the US asked for even more. Contrary to claims Trump made on Thursday in Hanoi, Ri said the North Koreans did not ask for full easing of sanctions in exchange for these actions.

2. Israeli Prime Minister Benjamin Netanyahu is about to be charged in three separate criminal cases. One case concerns bribery, and the two others concern fraud and breach of trust.

3. Iron ore’s losing streak is over. Spot prices rose in Australia for the first time in over a week on Thursday, despite the release of a weak China manufacturing PMI report for February. Meanwhile, the Aussie dollar fell heavily again on Thursday.

4. Facebook and Google will be punished with giant fines in the UK if they fail to rid their platforms of toxic content. The fines could be billions of dollars.

5. If India and Pakistan have a “limited” nuclear war, scientists say it could wreck Earth’s climate and trigger global famine. India and Pakistan each have about 140 to 150 nuclear weapons.

6. Victoria’s Secret is closing dozens of stores. The brand has struggled in recent years and increasingly been accused of losing relevance among shoppers as its hypersexualized ads and racy runway shows have failed to resonate in the era of #MeToo.

Barack Obama (R) and Israeli Prime Minister Benjamin Netanyahu in 2015. Photo: Olivier Douliery-Pool/Getty Images

7. Nick Kyrgios defeated Rafael Nadal in a thrilling match. Kyrgios almost quit after the first set because of illness but kept going after considering how the media and fans would respond to his early stoppage. He wound up fighting back to win in three sets and played into the crowd’s boos after Nadal’s final shot landed out. After the match Kyrgios and Nadal continued to trade barbs.

8. Former Barclays CEO John Varley attempted to distance himself from fraud allegations at a UK court hearing. “I do not accept that I am responsible for any criminal offence,” he said.

9. Uber is reportedly in “advanced talks” to buy its biggest rival in the Middle East for $US3 billion. The acquisition target is called Careem.

10. Facebook is planning to invest $5 million into Australian journalism and help publishers understand how they can profit from its platform. As part of the investment, Facebook will launch the Facebook Journalism Project News Accelerator in Australia later this year.

BONUS: It’s Mardi Gras Festival in Sydney this weekend and Netflix is kindly reminding us of all the LGBTQI+ shows it has.

Have a great Friday.

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