10 things you need to know this morning in Australia

Chef and businessman Jamie Oliver. (Photo by Richard Bord/Getty Images)

Good morning!

1. The RBA has revealed it will “consider” cutting rates. But it says it wants some help from the government to support the economy. Australian inflation is weak and progress in boosting wage growth is glacial.

2. Huawei CEO Ren Zhengfei says the company is “fully prepared” for a conflict with the US. President Donald Trump placed Huawei on a trade blacklist last week, though on Monday it gave the company a 90-day reprieve before the ban comes into effect. Meanwhile, Microsoft quietly removed Huawei laptops from its stores.

3. Homebuyers catch a break. APRA, Australia’s banking regulator, has signalled that it may relax serviceability assessments for new residential mortgage loan applications. Here’s how analysts are reacting to the proposed home loan changes.

4. Australia’s answer to Black Friday kicked off last night. Here are the best Click Frenzy 2019 deals so far.

5. Suspected Christchurch shooter charged with engaging in terror act. The shooter, 19-year-old Australian Brenton Tarrant, also faces 51 counts of murder and 40 counts of attempted murder.

6. Escalations in Trump’s trade war could wipe out $600 billion from the world economy. If trade relations continue to deteriorate, the OECD forecasts that global GDP would fall by as much as 0.7% by 2021.

7. Aussie tech leaders are reacting to the Morrison Government’s re-election. Some are more positive than others, but they are all hoping a lack of government focus on innovation is about to change.

8. NAB finally launches Apple Pay. The bank gave in to customer demands for the ability to pay in-store using their iPhone or Apple Watch.

9. Tesla can’t stop the bleeding. Elon Musk has shut down stores, lowered prices, had layoffs, pivoted the business, and raised billions, but none of it seems capable of restoring investor faith in Tesla.

10. Jamie Oliver’s restaurant chain collapses in the UK. The company has become insolvent, leaving 1300 people at risk of losing their jobs.

BONUS ITEM:

If you’re going through Game Of Thrones withdrawals, never fear. Jimmy Kimmel reckons he’s on to the first of three rumoured spin-offs.


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