10 things you need to know this morning in Australia

GettyNew Zealand prime minister Jacinda Ardern at a press conference where she said gun laws will change.

Good morning!

1. Facebook has rejected the idea of putting a time delay on live videos in order to stop horrific content like the New Zealand mosque shooting from being broadcast on its platform. It said the volume of live video made it difficult to police even with a time delay, adding that such a delay could also slow down first responders.

2. New Zealand Prime Minister Jacinda Ardern announced a ban on all “military-style semiautomatic weapons” and assault rifles on Thursday. The move, which could cost the country up to $138 million, comes just six days after the country’s worst mass shooting.

3. The Australian dollar goes hard into reverse. The AUD/USD jumped to a one-month high on Thursday before giving back all of its earlier gains as the greenback strengthened.

Investing.comAUD/USD Hourly Chart

4. Far-right Queensland senator Fraser Anning spent more taxpayer money on flights for his family than any other politician in 2018, according to newly released data seen by The Age. According to the report, Anning spent $34,672 on 44 trips for his family last year.

5. Australia’s unemployment rate fell to 4.9% in February, the lowest level in eight years. The decline reflected that the size of Australia’s labour market declined during the month, rather than strong hiring.

6. The European Union is set to agree to give the UK a short delay to Brexit if members of Parliament vote for Theresa May’s deal next week. The UK is currently due to leave the EU in on March 29. However, leaders of the 27 other EU member states on Thursday discussed extending the Article 50 withdrawal process until May 22.

7. Apple has surpassed Microsoft to reclaim its title as the world’s most-valuable public company with a market cap of $US916 billion. Its shares have risen in anticipation of the company releasing a Netflix-style video-streaming service.

8. Australia’s population grew by 395,100 in the 12 months to September last year, or 1.6%. Net overseas migration (NOM) once again drove the majority of the increase, lifting by 240,000 from a year earlier. Nearly-three quarters of new arrivals settled in New South Wales and Victoria. Natural increase rose by a smaller 155,100 over the same period, although that was the fastest increase over a comparable period since 2014.

9. Boeing quietly unveiled the $442 million airliner that will replace the 747 jumbo jet. It’s called the 777X, and it was unveiled on March 13 in a private, employees-only event.

10. An Amazon Air plane called CustomAir Obsession crashed on February 23, killing all three people on board. In conversations with Business Insider in the weeks before the crash, several pilots who fly planes for Amazon Air said they thought an accident was inevitable.

BONUS: A photo of Apple CEO Tim Cook is getting the meme treatment.

Have a great Friday.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.