10 things you need to know this morning in Australia

Peter Fox / Getty ImagesDaniel Ricciardo of Australia takes a winner’s dip in the pool after the Monaco Formula One Grand Prix.

Good morning.

1. How about Barnaby Joyce? After first insisting on the right to privacy over his affair with former staff member Vikki Campion which ended up with them starting a family together, the one-time deputy prime minister has taken $150,000 to sit for an interview with Channel Seven about the whole imbroglio while at the same time dragging the Daily Telegraph to the Press Council for revealing the story in the first place.

2. There are some surprising findings in a Newspoll out today on company tax cuts: an overwhelming majority of Australians support the extension of a reduction in the corporate tax rate to all companies over time. The poll, published in The Australian today, shows 67% support for cuts in the company tax rate, with around half of those wanting them immediately and the other half supporting the reduction over time. Even 30% of Greens voters support a reduction over time. It raises some questions about Labor’s principal attack line against the Coalition and will make interesting reading for Pauline Hanson, who ditched her support for the corporate cuts on the basis that the idea had lost community support.

3. The Trump administration lost 1,500 migrant children, according to reports from the US Department of Health and Human Services. Testimony by a Health and Human Services official last month revealed the department cannot locate the children it placed with American sponsors. It comes as Trump officials spoke out about stricter policies for families who illegally cross the border.

4. Global markets will be focused on Europe early in the week — Italian politics is in chaos again after the president vetoed the appointment of an anti-euro finance minister. It’s a relatively quiet schedule in local markets this week, but capex data is out from the ABS on Thursday and is expected to show a rebound in the March quarter. There’s also April data for building approvals on Wednesday 11:30am AEST. US markets will be closed on Monday for Memorial Day. The full rundown is here.

5. A huge fault line could be about to open up in British Prime Minister Theresa May’s government after Ireland voted 66.4% in favour of abolishing a ban on abortion on Friday. She will have to reconcile a now-vocal campaign for Northern Ireland to legalise abortion with her political partnership with the Democratic Unionist Party (DUP), which staunchly objects to the early termination of pregnancy.

6. Meanwhile quick Brexit trade deal with Trump is not going to happen for May. With Sir Peter Westmacott, Britain’s ambassador to the United States until 2016, saying that it will be “extremely difficult” for the UK to negotiate a free-trade deal with the United States.

7. On again, off again. Kim Jong Un is committed to a US summit and “complete denuclearisation,” according to South Korean President Moon Jae-in. He met Kim at the border on Saturday to discuss the summit, which Trump cancelled last week. Trump said Saturday that talks between the nations were “going along very well” and that tentatively scheduled summit would still be set for June 12 in Singapore.

8. Richard Branson is about to become an astronaut, as his space race with Jeff Bezos suddenly heats up. The billionaire says he’s months away from making space tourism will become a reality with Virgin Galactic having completed successful test flights in recent weeks.

9. Nick Kyrgios has pulled out of the French Open on the eve of the tournament. The Australian champ was forced to withdraw after failing to recover from an elbow injury, saying a potential five sets on clay was “too risky”. He was due to play compatriot Bernard Tomic in the first round. “Having consulted with my team and medical experts it is deemed too risky for me to step out and potentially play five sets on clay, especially as I have not played a singles match in nearly two months,” Kyrgios wrote on Twitter.

10. Daniel Ricciardo has finally won a Monaco GP with a remarkable drive despite an engine problem for a staggering 60 laps. He somehow held off Sebastian Vettel and Lewis Hamilton while losing around 20mph to his rivals on the straights. It’s his second victory of the season. And yes, he still did a shoey, despite Formula One taking out trademark against his celebratory ritual.

Have a great day.

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