Here’s everything you need to know this morning.
Aussie stocks: The ASX is expected to open flat following a negative lead from international markets. The Dow Jones was 0.01 per cent and the S&P 500 was down 0.30 per cent.
The Aussie is buying 70.87 US cents this morning, down from 71.02 US cents on Wednesday.
Brexit: British Prime Minister Theresa May has pledged to quit should her Brexit deal finally pass, in what is a desperate attempt to gain the support of rebels in her Conservative Party.
Property development: A new report has revealed the 50 suburbs where buyers are the most interested in property developments. First home buyers and upgraders are increasingly looking to buy off-the-plan thanks to its affordability.
Gas shortage to hit Australia: Southeastern Australia could suffer a shortage of natural gas supply by 2024, the Australian Energy Market Operator has warned in two reports published today.
“Southern Australia’s overall supply-demand balance for 2021-2023 remains very finely balanced, reflecting the ever-tightening integration of Australia’s electricity and gas markets in the context of an evolving and dynamic energy system,” AEMO’s chief system design and engineering officer Alex Wonhas said.
Facebook bans white nationalists: Facebook will redirect white nationalists to support groups designed to rehabilitate former members of hate groups as part of its crackdown against hate speech on the embattled platform.
Praise, support and representation of white nationalism will be banned.
“Going forward … we will not tolerate praise or support for white nationalism and separatism,” Facebook said.
Deceptive retailer: Amaysim’s energy retailer arm has been hit with a $900,000 penalty after misleading customers about the discounts they would receive.
“Click Energy’s conduct misled consumers into thinking they were getting a significant discount, when in reality these discounts were often much smaller than advertised,” said ACCC commissioner Sarah Court.
Banks: ANZ CEO Shayne Elliott has admitted that problems in the banking sector are more than just “bad apples” and said the structural factors that have supported said “bad apples” should receive heavy scrutiny.
He was speaking to the House of Representatives’ economics committee when he made the comments.
Have a great Thursday.
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