10 things you need to know this morning in Australia

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Good morning!

1. Australian house prices downturn officially the largest on record. Median home prices have now fallen 8.2% in nominal terms, surpassing the previous record decline seen in the early 1980s.

2. Trump slump. The World Bank says global economic growth is at its worst level in three years thanks to President Donald Trump’s trade and tariff wars.

3. ABC raided by Australia Federal Police. The raids were related to The Afghan Files, a series of 2017 leaked documents alleging Australian special forces were involved in unlawful killings in Afghanistan. Prime Minister Scott Morrison is now facing questions about press freedom in Australia, after global organisations including the BBC criticised the move.

4. Afterpay inks deal with Levi’s and Ray-Ban. The Australian ‘buy now, pay later’ service has announced new distribution partnerships with US retailers including Levi’s, Ray-Ban, O’Neill and Tarte Cosmetics, sending its stock price surging Wednesday.

5. Australia’s slow GDP. The economy grew by 1.8% in the year to March, the weakest increase since the GFC.

6. Apple being sued. Two app makers have launched a competition class-action lawsuit against Apple, alleging the tech giant makes developers pay “exorbitant” fees for premium apps and in-app purchases.

7. Amazon has a new package-sorting system, and its hard to look away. It’s powered by robots called Pegasus drives who have cut down on missorted packages by 50%, according to Amazon.

8. Actor Robert Downey Jr. vows to clean up the Earth. His goal is to use robotics, artificial intelligence and other innovations to reverse the Earth’s carbon footprint in a decade.

9. Coles to deal directly with farmers. Currently, the supermarket uses milk processors to source milk for its homebrand products, but as of 1 July it will cut out the middle man.

10. Space race. Elon Musk’s company SpaceX is working on a multibillion-dollar rocket called the “Starship” that could one day take people to the moon, Mars, and launch thousands of satellites into orbit.

BONUS ITEM

Florida has not been disappointing with its viral alligator videos lately. This time, a hungry ‘gator joins a couple for their cute little picnic.


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