1. Trade pact. The US and Canada have sealed the deal on the US-Mexico-Canada Agreement, the first major update of the 25-year-old North American Free Trade Agreement. The new trade deal bears a lot of similarities to NAFTA, but there are major differences as well, including increased dairy-market access for the US, a new sunset clause, and tougher auto rules. Meanwhile analysts say the new trade deal is just NAFTA “with some bells and whistles”.
2. The Australian dollar traded mixed on Monday, failing to benefit from an improvement in investor sentiment and gains across most commodity markets during the session. At 7am AEST, the Aussie was down 0.07% to 0.7223.
3. Mass burials have begun for the hundreds of victims of the earthquake and tsunami that hit the Indonesian city of Palu. The current death toll of 844 is largely from the city of Palu and is expected to rise into the thousands as areas cut off by the damage are reached. Indonesian President Joko Widodo has authorised for the country to accept international help for the disaster with many of the affected areas in need of supplies. The ABC has more.
4. It’s RBA day! The Reserve Bank will announce its October interest rate decision at 2.30pm AEST. No change in the cash rate is expected. Nor are any major changes expected in the post-meeting statement.
5. A Chinese destroyer challenged the USS Decatur in the South China Sea on Sunday as the latter attempted to pass near a Chinese-occupied island. US officials characterised the incident as “unsafe”, saying the Chinese warship sailed within 41 metres of the US naval vessel. The incident comes amid rising tensions between the naval powers. More here.
6. Elon Musk has been officially booted off Tesla’s board following the CEO’s settlement with the US Securities and Exchange Commission. He will also pay a $US20 million fine. But even with Musk out, there are still some major issues facing Tesla’s board of directors, according to Glass Lewis, one of the largest and most influential proxy advisor firms. After Musk settled, Tesla surged on Monday and closed up 17%. This chart says it all:
7. Facebook’s latest security blunder is mind-blowingly serious, and it would not be unjust for the company to have many billions wiped off its value. Losing up to 50 million people’s personal information is bad enough, but also risking people’s accounts with sites like Tinder, Airbnb, or Spotify was an outrageous error. Like other tech giants, Facebook decided a while ago that having all your social media information wasn’t enough – it wanted to know what you were up to on other sites too. It showed last week it can’t be trusted with that information, and users should leave in droves.
8. Socceroos skipper Mile Jedinak has retired from international football. The midfielder took to social media to reveal his decision. He made his full international debut against Singapore in 2008, and this year skippered the Australia side in the World Cup in Russia where he was the top goal-scorer for his country.
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I can confirm that after much deliberation I have made the decision to retire from playing international football. As a young boy growing up it was my dream to play for Australia and to pull on the famous green and gold shirt to represent my country. To have been given the opportunity to not only fulfil that dream, but to have done it 79 times, and many of which as captain, makes me incredibly proud and thankful. The countless unbelievable moments that I have experienced will stay with me forever, and I can honestly say that looking back I’ve had some of the best times of my life on the pitch playing for the Socceroos. It is an enormous privilege to represent your country and one I did not take lightly. Words will never be able to do justice the feeling of immense pride I felt when representing Australia. I gave everything I had in every single game I played to try and achieve success for our nation. However, after a huge amount of time reflecting and discussing with those closest with me, I feel that it is the right time to move aside in order to focus on my club football and prolonging that journey. Looking back, I feel blessed to be able to leave with memories that will last a lifetime. The feeling of captaining our country to Asian Cup glory in 2015, and to have been able to contribute to achieving success for Australia, will stay with me forever. Additionally being able to captain the team, and score, in two World Cups is something I could only have dreamed about as a boy. There are just too many highlights to mention them all. I would like to thank all of those who helped make it all possible. Thank you to everyone at the FFA, the team management and all of my teammates throughout the years. It’s been an incredible journey alongside you all. Thank you to my family for your unwavering love and support throughout my international career. And finally I have to say a special thank you to the Australian fans for believing in me and supporting me through thick and thin. I’ve tried to do you all proud every time I’ve stepped out on to the pitch. We have an exciting generation of players coming through and I now can’t wait to support the team in the future ????????
9. Ahmed Fahour, formerly Australia’s most expensive postie, has a new job. Latitude Financial Services, a consumer finance business in Australia and New Zealand, yesterday announced his appointment as Managing Director and Chief Executive Officer. He replaces Sean Morrissey, who has decided to return home to the United Kingdom for health and family reasons.
10. Conjoined twins are flying to Melbourne for life-saving surgery to separate them. The Sydney Morning Herald reports that surgeons at Melbourne’s Royal Children’s Hospital will attempt to separate the 14-month-old twins after a year-long effort to bring them to Australia from Bhutan.
BONUS ITEM: This has to be the most Australian thing you’ve ever seen — a baby koala rescued by a golden retriever.
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