10 things you need to know this morning in Australia

Good morning!

1. Deliveroo Australia names new CEO. Ed McManus is the food delivery service's new boss, replacing Levi Aron, who stepped down in July. Here are five things you need to know about the new CEO.

2. The Vatican acknowledges George Pell's conviction on sexual abuse after losing his appeal on Wednesday. The Vatican released a statement saying it "recalls that the Cardinal has always maintained his innocence throughout the judicial process and that it is his right to appeal to the High Court," SBS reported.

3. The US and Japan hold trade talks. A deal between the countries would ease mounting concerns about global trade and raise hopes of an end to the US-China trade war.

4. Australia's economy is looking up. A lead indicator of Australia’s near-term economic growth has ticked into positive territory for the first time since November 2018, signalling conditions are improving.

5. German Chancellor Angela Merkel challenges UK Prime Minister Boris Johnson to solve the Brexit crisis within the next month. Speaking at a press conference with Johnson in Berlin, Merkel said it was possible to secure a new deal and prevent Britain leaving the EU without a deal on October 31.

6. Stocks surged amid central bank stimulus. Stocks climbed on Wednesday in the US as investors were encouraged by more signs global central banks could step in to support economic growth with new stimulus. The ASX is tipped to rise on Thursday as a result.

7. US President Donald Trump cancels visit to Denmark after Prime Minister Mette Frederiksen said he couldn’t buy the autonomous Danish territory of Greenland. Danish lawmakers and citizens reacted with surprise and anger to Trump’s canceled visit.

Denmark is a very special country with incredible people, but based on Prime Minister Mette Frederiksen’s comments, that she would have no interest in discussing the purchase of Greenland, I will be postponing our meeting scheduled in two weeks for another time....

— Donald J. Trump (@realDonaldTrump) August 20, 2019

8. Alibaba postpones its rumoured listing. The Chinese e-commerce giant was reportedly planning on a US$20 billion second listing on the Hong Kong Stock Exchange, but has squashed the plans amid unrest in the city, according to Reuters.

9. Kogan enters the superannuation business. The retailer launched its own low-cost superannuation fund on Wednesday as it expands even further into financial products, having already developed its own line of insurance products.

10. Australian millennials are set to get more board positions. Research by the Governance Institute of Australia has found a number of changes heading for corporate boardrooms, including the amount of millenials on boards and a greater emphasis on ethics and social good.

BONUS ITEM

Would you try this?

Enjoy a perfect view of your city while riding in a gyroplane pic.twitter.com/NE5e7tW2A8

— Insider (@thisisinsider) August 21, 2019

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