10 things you need to know this morning in Australia

Chris Jackson/Getty ImagesPrince Harry and Meghan Markle during an official photocall.

Good morning.

1. Facebook CEO Mark Zuckerberg is testifying to Congress in what may be the toughest grilling of his life. The hearing follows a string of scandals – most recently involving Cambridge Analytica, as well as its role in Russian interference in American elections and fake news. Business Insider is at the hearing. Here’s the latest news:

Watch it live here:

2. Shares of Facebook were up 3.6%, and climbing, as Zuckerberg is grilled, with US stocks across the board making a comeback from recent turmoil after US President Donald Trump and China’s President Xi Jinping softened their tones on trade. China has also asked the World Trade Organisation to mediate in its dispute with the US over tariffs on steel and aluminium imports.

3. While we’re talking about China, Prime Minister Malcolm Turnbull has warned the Asian superpower against establishing a military base in Vanuatu, saying it would jeopardise peace in the South Pacific. “The maintenance of peace and stability in the Pacific is of utmost importance to us,” Turnbull said. “We would view with great concern the establishment of any foreign military bases in those Pacific island countries and neighbours of ours.” The High Commissioner and the Foreign Minister of Vanuatu say Beijing has made no such request has been made.

4. The Australian dollar surged higher also on the back of ebbing concerns about a potential trade war between the US and China. That helped to boost stocks and commodity prices during the session, helping to fuel the Aussie’s gains. As of 7am, the Aussie was up 0.81% to 0.7759.

AUD/USD Hourly Chart

5. “This is how vibrant Circular Quay is on a Saturday Night #dead”.

charlesingalls_/ Reddit

This photo posted by charlesingalls_ is causing a stink on Reddit. The image shows one of Sydney’s busiest transport hubs at 2.30am on a Saturday evening. While some people argue the photo is taken when the station and ferries aren’t operating, others say that it reflects that state of the city’s nightlife.

6. You can’t have missed the detours, road works, and building upgrades: Australia has a huge program of infrastructure development underway, and more in the pipeline. Demographics and technology are driving changes in thinking about development needs and land use in cities, so it’s important to wrap your head around the implications of all this investment. We’re here to help, with the BI / Research Smart Infrastructure Report — a guide to the planning, execution, and delivery of modern infrastructure, which will re-shape how we live, work, play, and shop. Read it here.

7. The Queen made a quip about US President Donald Trump when a noisy helicopter interrupted her conversation with Sir David Attenborough in the Buckingham Palace garden. The 91-year-old monarch says:

“Why do they always go round and round when you want to talk?

“Sounds like President Trump, or President Obama.”

Slayed. Watch it here.

8. Crowded House frontman Neil Finn has joined Fleetwood Mac, after core songwriter and guitarist Lindsey Buckingham was dramatically fired from the band after a disagreement over an upcoming tour. Rolling Stone reports that the Heartbreakers guitarist Mike Campbell will also be joining the band for the upcoming US tour.

9. Eight. That’s how many gold medals Australia’s swim team won last night at the Gold Coast Commonwealth Games. One man leading that effort was Mitch Larkin, who became the first Australian man since Ian Thorpe to win five gold medals at a Games. That brings the final tally of medals won by Australian swimmers to 28 gold, including seven in para swimming events, 21 silver and 24 bronze — the largest haul at a single Games. Go team!

10. Theresa May isn’t invited to Prince Harry and Meghan Markle’s wedding on May 19 — even though former PM David Cameron went to Will and Kate’s. “It has been decided that an official list of political leaders — both UK and international — is not required for Prince Harry and Ms. Markle’s wedding,” a spokesperson for Prince Harry said. 600 other close friends are going instead.

Have a great day.

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