10 things you need to know this morning in Australia

Joe Raedle/Getty ImagesThe SpaceX Falcon Heavy rocket lifts off from launch pad 39A at Kennedy Space Center on February 6, 2018 in Cape Canaveral, Florida.

Good morning.

1. The first four boys have been rescued from the cave in Thailand where they have been trapped for two weeks. Chiang Rai governor and operation chief Narongsak Osottanakorn said the children were healthy and taken to the Chiang Rai hospital. An Australian doctor who was part of the rescue mission assessed the boys’ health and cleared them for retrieval. The rescue mission was suspended for the evening because of low oxygen levels. It will begin again this morning. Elon Musk has also sent a “kid-size submarine” to assist the rescue efforts.

2. The Australian dollar is rallying — but not everyone thinks it will last. It’s back above the .7400 level to start the new trading week, adding to the gains on Friday. A rebound in Chinese financial markets and mixed US jobs report for June were the main catalysts behind the Aussie’s rally on Friday. At 7.35am AEST, the AUD/USD was up 0.04% to 0.7431.

Investing.comAUD/USD Hourly Chart

3. A second person in four months has died after they jumped from Sydney Tower’s Skywalk attraction. Emergency services rushed to Sydney’s tallest building at about 7pm last night, after reports that a man had fallen off the popular tourist attraction — plummeting 286 metres to his death. There are now calls for the Skywalk to be shut down.

4. The week ahead: Australia will get an update on business and consumer sentiment, while a Wednesday speech by APRA chairman Wayne Byres on the housing market will also get plenty of attention. Key data abroard will be led by US inflation figures on Thursday night. The full calendar is here.

5. The father who shot his teenage children left letters for his ex-wives and relatives to read after his death, according to the ABC. John Edwards, 67, who killed his son and daughter, aged 15 and 13, on Thursday night, wrote letters before the murders. Police have not revealed their contents.

6. “I definitely personally hope centralised exchanges burn in hell”, says the founder of Ethereum. Vitalik Buterin wants the crypto community to focus more on decentralisation so that cryptos can more frequently trade peer-to-peer. His remarks come as so-called decentralised exchange gain more attention.

7. ISIS is trying to make a comeback. The terrorist group has lost most of its territory and has few fighters left in Iraq and Syria, but remains a threat in the region. A new report warns that ISIS is attempting to make a comeback by resorting to a tactic it employed back in 2013 when it was still known as Al Qaeda in Iraq (AQI) – the targeted assassinations of Iraqi security personnel.

8. Futuristic, impressive, and unsettling — all at once – are the words being used to describe a startup developing AI that can recognise anyone, anywhere and funded by the Chinese government. Business Insider took a tour of Megvii’s offices in Beijing to get an inside look at the company, and by no surprise, its Face++ technology was able to recognise our reporter’s face instantaneously. More here.

9. Gruelling diets, 12-hour training days, and monthly exams — that’s just part of what it takes to become a pop star in China. Many Chinese hopefuls train at elite academies like Banana Entertainment, which selects young men and women from around China and puts them through rigorous training for pop stardom with classes in music, dance, public relations, etiquette, makeup, rhythm, and fitness. And that’s all before they attempt “Produce 101,” an X Factor-esque reality TV contest that seeks the perfect candidates to form a new band. Here’s a look at the latest pop girl band popular in China:


10. We could have landed on Mars “decades ago” if we’d really wanted to, according to former astronaut Chris Hadfield, who flew on three space missions and spent nearly half a year in orbit. The only thing stopping such missions, says Hadfield, are the state of rocket and spaceship technologies which he says haven’ been safe enough.

Have a great day.

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