Hello! Here’s what you need to know on Tuesday.
1. China says it will pay the biggest price for new United Nations sanctions against North Korea, but will always enforce the resolutions. The UN Security Council voted unanimously to impose new sanctions on the Hermit Kingdom, potentially cutting export revenue by $US1 billion. Chinese foreign minister Wang Yi said his country’s close ties to the regime means it will bear the brunt of the cost, but Beijing agrees with the UN on protecting the international non-proliferation system and regional peace and stability.
2. A Google engineer was fired over his now-infamous manifesto against diversity. The engineer confirmed to Bloomberg he was fired Monday. His manifesto caused tremendous shockwaves across Google and the larger tech industry.
3. Donald Trump’s approval ratings continue to slide. A new poll suggests people hold an increasingly negative view of his presidency, with disapproval ratings in the majority on the economic, national security, health care and immigration fronts, while 36% said Trump is honest and trustworthy, and 60% said the description “does not apply”, and 39% said he could manage the government effectively, while 59% said that he couldn’t.
4. And billionaire investor Peter Thiel is reportedly among those whose support is wavering. One of the loudest Trump supporters in Silicon Valley, reportedly told friends “There’s a 50% chance this whole things ends in disaster” even before the administration began.
5. Disney is being sued for allegedly collecting data from children using its mobile apps. The class-action in California, USA, alleges the company and three software companies, used the apps to gather insights from users, including children under 13, to sell to advertisers without parental consent.
6. Tesla is issuing $US1.5 billion worth of junk bonds to pay for the Model 3. Its shares fell 0.39% to $355.53 after the issue announcement, with Standard & Poor’s giving the bonds a B- rating, putting them in the high-risk junk bond category. Moody’s assigned a similar B3 rating.
7. Executives at Australia’s biggest bank just lost their bonuses over a money-laundering scandal. The board of the Commonwealth Bank, dealing with alleged breaches of anti-money laundering laws involving cash deposits of $AU624.7 million today cut their own fees by 20%, while the CEO and 11 senior execs lost $AU8 million in short term incentive bonuses.
8. China has suddenly stopped buying foreign property. The Chinese pulled 84% of their overseas property investments globally in the first half of 2017 after the government began officially frowning on a “negative list” of foreign investments that were attracting Chinese cash, according to Morgan Stanley.
9. ISIS and the Taliban reportedly joined forces to massacre an Afghan village. The two terrorist groups combined to massacre more than 50 men, women and children in the remote Sayad district in northern Afghanistan officials said, overrunning local police — a government-backed militia — in a 48-hour battle.
10. Australia has a new sea creature to be a afraid of when you enter the water. A teenage football player spent 30 minutes on recovery in Melbourne’s Port Phillip Bay and emerged from the cold water with blood running down his legs. Turns out he was being eaten alive by sea fleas.
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