1. A huge bite out of Apple. If trade tensions between the US and China continue to escalate, Apple’s profit could drop by as much as 30%, Goldman Sachs has estimated. Apple shares fell 2 per cent on Wednesday.
2. An Aussie worker won a case against employer who fired him for not using a fingerprint scanner. The landmark case raises questions about biometric data collection and ownership which could have wide implications.
3. Broadway hit Hamilton heads Down Under. Blockbuster US musical Hamilton will hold an Australian premiere in Sydney in March 2021, bringing with it an expected 130,000 tourists.
4. Facebook secretly opposed expansion of Australia’s privacy laws. According to a report by the ABC, the social network lobbied the previous US Ambassador to Australia about Australian efforts to regulate platforms like Facebook.
5. Iron ore continues to surge. Supply disruptions and strong Chinese steel production is helping to underpin price gains.
6. Theresa May is refusing to resign as her Cabinet turns against her. Growing numbers of Conservative MPs want May to quit rather than hold a fourth vote on her Brexit deal.
7. Australian construction slumps again. The value of Australian construction work unexpectedly fell for a third consecutive quarter in early 2019.
8. Speculation is rife. Economists are starting to think the RBA might go down the path of unconventional monetary policy like QE, even before the central bank cuts rates.
9. Filming on the latest Bond film is on hold as Daniel Craig injures his ankle. The star will undergo surgery for the injury he sustained on the set of the much-hyped movie.
10. The divorce rate going down thanks to Millennials. Often children of divorce themselves, stats suggest they’re taking more time to find the right partner and get their financial act together and avoid a split themselves.
We may not have seen the Game Of Thrones ending coming, but it turns out Gwendoline Christie, who played Brienne of Tarth, picked the winner years ago.
— ExtraTV (@extratv) May 21, 2019
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