10 things you need to know this morning in Australia

Egyptian President Mohamed Morsi collapsed and died in court. (Photo by Sean Gallup/Getty Images)

Good morning!

1. Former Egyptian President Mohamed Morsi is dead. Egypt’s former president Mohamed Morsi, 67, has died after he collapsed in a court in Cairo. Morsi, who had been a key figure in the now-banned ‘Muslim Brotherhood’, was elected president in 2012 but was later overthrown by the military and jailed in 2013 amid protests of his ruling. He was in court for a hearing on charges of espionage.

2. The New South Wales State Budget is to be revealed today. The budget is set to include funding to employ an additional 15,000 health workers, teachers and police.

3. A Netflix tax? Australia’s Communications Minister Paul Fletcher has suggested a new tax could be levied against Netflix as taxation from traditional media platforms declines.

4. Breakout 2020 Democratic candidate, Pete Buttigieg said it’s “statistically almost certain” that the US has had a gay president in the past. Speaking to “Axios on HBO” on Sunday, Buttigieg said, “I would imagine we’ve probably had excellent presidents who were gay – we just didn’t know which ones.”

5. ANZ New Zealand CEO has quit. ANZ’s New Zealand CEO David Hisco has left the bank after concerns over his personal expenses.

6. Hot property. Sydney and Melbourne property markets had their strongest auction performance in more than a year. After a long period of declines in property prices, there has been a boom in sales over the past week.

7. With great technology comes great responsibility. Apple CEO Tim Cook believes Silicon Valley technology companies need to be held responsible for the consequences arising from their innovations. During his commencement speech at Stanford University, he said the tech industry is “becoming better known for a less noble innovation: the belief that you can claim credit without accepting responsibility.”

8. Consulting firm Boston Consulting Group’s new diversity and inclusion report found only 21-28% of diverse groups received a benefit from a company’s investment in diversity and inclusion. Amid the release of the report, executives from Qantas, ANZ and Lendlease discussed the strides they still need to make for greater representation.

9. Israel opens a non-existent settlement called ‘Trump Heights’. Israeli Prime Minister Benjamin Netanyahu unveiled a new settlement named after US President Donald Trump, following Trump’s recognition of Israel’s sovereignty over the Golan Heights region. However, the settlement doesn’t exist, instead it replaces the name of an existing village.

10. UK based neobank Revolut has launched in Australia, joining an emerging stable of Australian digital-only banks. With the company’s app, users can send and request money from other Revolut customers and add GIFs to make payback more fun.

BONUS ITEM

The National Institute of Industrial Science and Technology in Japan is developing a robot for construction activities. Watch as it installs a drywall.

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