10 things you need to know this morning in Australia

Samsung is expected to unveil its next Samsung Galaxy Note in August. Photo: Antonio Villas-Boas/Tech Insider.

Good morning!

1. Interest rates in Australia hit a historic low. The Reserve Bank of Australia cut the official cash rate on Tuesday from 1.25% to 1%, marking the first time since 2012 that the RBA has cut interest rates over two consecutive months. Following the announcement, ANZ Bank announced it will pass on the cut in full.

2. China’s media blackout of Hong Kong protests. Following continued protests in Hong Kong over a controversial new bill, imagery of the protests failed to show up on Chinese media channels.

3. Samsung is set to unveil its next Galaxy phone. Samsung sent out invites for the Samsung Unpacked event to be held in New York City on August 7, where it is expected to reveal its next Galaxy Note.

4. Tesla sets a new company record.The company released its first quarter delivery results, revealing that it delivered a record-setting 95,200 cars in the first quarter of 2019. Tesla shares surged 8% on the back of the news.

5. Visa announces its entry into the ‘buy now, pay later’ sector. The credit card giant rolled out a pilot program that allows Visa cardholders to pay off purchases from select retailers through a series of instalments.

6. NBN Co is reportedly considering a special tax to be added to streaming services such as Netflix. The proposed move could is likely to create anger among NBN users as streaming is already provided to them at no additional charge, and it raises concerns about net neutrality.

7. A hosting platform outage disrupts major websites. Website and internet-service hosting platform Cloudflare experienced an outage on Tuesday, causing disruptions on a range of sites including BuzzFeed, Dropbox, Canva and SoundCloud.

8. Some tourists in China are reportedly being forced to install invasive technology on their phones. Chinese officials are reportedly forcing tourists visiting the Xinjian region to install a malware app on their phones at the border, which downloads all of their phone’s text messages, contacts and calendar information.

9. Facebook’s new policy is scrutinised. Civil rights auditors have said Facebook’s new policy, which bans white nationalism from its platform, is too narrow as it only prohibits contents with the phrases “white nationalism” or “white separatism.”

10. The US stock markets rose higher on Tuesday, logging its second record close in as many days. The results came despite President Donald Trump’s threats to expand tariffs on European goods.

BONUS ITEM
This ATM delivers wine:

You can get 10 things direct to your inbox each morning by punching your details into the form below.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

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