Finance news you need to know today
AN APPEALS court has thrown out a jury’s finding that Bank of America Corp was liable for mortgage fraud leading up to the 2008 financial crisis.
World Economy
Startling stats about our population
BEFORE the end of the decade, the world will experience an unprecedented “crossing” event that will forever change our societies.
Aussie tax cut a gift to the Americans
COMPANY tax cuts would transfer more than $11 billion in revenue from Australian to US coffers, research has found.
Deadline looming for 1.2 million people
IT’S a once in a generation choice that could change everything from travel queues to peace prospects. The deadline is looming.
Is free money a genius idea?
FINLAND is about to give 10,000 people money for absolutely nothing in a bold experiment that could solve their welfare problem. Is it a good idea?
Brilliant app that we can never have
THIS idea failed in the US but is absolutely killing it in China. Someone needs to bring it to Australia, because it’s awesome.
Australia’s super rich to be unmasked
THEY say that a full coin purse doesn’t rattle, so you wouldn’t be able to pick out the ultra-wealthy in a crowd. But that’s about to change.
Two dead after Olympic disaster
TWO people have been killed after an elevated bike path that was heralded as a top project of the Rio Olympics collapsed Thursday.
Get used to ridiculous food labelling
IT’S ONE of the most frustrating things about grocery shopping, but confusing labels could be here for years to come if this legislation goes ahead.
Hundreds of migrants trash Paris metro
THE streets of Paris have erupted into chaos as hundreds of migrants wielding bats and planks of wood engaged in violent street battles.
Chinese officers ‘arrest’ Ronald McDonald
CHINESE authorities weren’t lovin’ Ronald McDonald this week, hauling away a statue of the fast food mascot from a city store.
Arrium bombshell could cost 8000 jobs
THE Federal Government has asked banks to allow Arrium to trade out of insolvency, with thousands of jobs now at risk.
Mortgage borrower paid by bank
IT’S one of the more unusual side effects of negative interest rates — welcome to the country where the bank pays you for your mortgage.
Finance news you need to know today
CHINA’S technology regulator is playing hardball over proposed internet rules that could block access to foreign websites.
The city still reeling from the GFC
THOUSANDS of homes worth nothing, their broke owners left with heartache and mounting debt. But as people grow poorer, Wall Street is raking it in.
Finance news you need to know today
THE United States Supreme Court has stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung.
$8.8 billion deal dubbed ‘blackmail’
IT’S a one-time only offer to help solve one of the world’s most complex problems. Only many regard the $8 billion dollar deal on the table as highly illegal.
‘I bought a sex slave’s freedom for $400’
WHEN Kate Nicholl met a beautiful young woman enslaved to a brothel owner, she knew exactly what she had to do.
Why Donald Trump won’t eat Oreos
DONALD Trump is putting his money where his mouth is in his bid to shake up big business — he’s refusing to eat Oreos.
Why the party is officially over
PEOPLE don’t have as much fun as they used to. And it’s been confirmed in the most depressing way possible: by a statistics agency.
Merkel sticks to migrant course
ANGELA Merkel has vowed to continue Germany’s open-door policy despite heavy losses in state elections following the Cologne sex attacks.
Europe’s migrant rape epidemic
GERMANY, Sweden and other European countries are facing growing public unrest amid a wave of violent sexual assaults.
Finance news you need to know today
LEAN Cuisine is among a range of packed foods being recalled in the United States over concerns they may contain small pieces of glass.
When a nation gets its first McDonald’s
CITIZENS of one of the world’s most obscure and poorly understood nations have just bitten into their first Big Macs.
Finance news you need to know today
GOOGLE is fighting a battle on multiple fronts over its tax optimisation techniques, with both France and Britain pursuing the tech giant.
Australians get a say in crucial vote
IT’S billed as the “biggest choice in a generation” which could change the European Union forever. And eligible Australians can have a say in the process.
Big downfall coming for Putin
PUTIN may be making a lot of noise at the moment but it’s going to be a bumpy ride ahead for the Russian leader.
Meal that may have saved Europe
IT WAS supposed to be breakfast but the starters weren’t served until dinner time. Nevertheless, this very late meal may go down in European history.
Rich guy wants poor people removed
HE’S BEEN called ‘the millennial Donald Trump’. This rich white guy has not won any fans over his entitled outburst.
Julie Bishop’s cold welcome to China
JULIE Bishop has arrived in Beijing, but she hasn’t exactly been welcomed warmly. Instead, she’s provoked a terse reaction from her hosts.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/53