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Facebook opens new London hub, creating 800 jobs

Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced.The investment in the office, near Oxford Street in the heart of the city’s West End district, will also lead to the creation of 800 jobs, more than…

2018 Big Issues

BIG ISSUES OF 2018 • US President Donald Trump• How long will inflation stay low?• The disconnect between jobs and wages• Housing: Hard landing or soft landing?• Infrastructure• The economic benefit of lower taxes• Consumer debt• The ‘slowdown’ of the Chinese economyThe Big Issues of 2018For the past 16 years we have produced “The Big…

Australia competition inquiry targets Facebook, Google

Digital platforms like Facebook and Google will be at the centre of an Australian inquiry announced Monday examining their impact on competition in media and advertising markets.Like elsewhere in the world, traditional sources of circulation and advertising revenues have been drying up for Australian media groups, under siege from the powerful pairing.Local providers can no…

CommSec Daily Report Monday

Latest NewsLocal shares started the new trading week in a tentative manner before slowly building over the first hours of trade to be ahead by 10 points at the best level of the morning having started trade with a 4 point gain. Sector performances saw the Telecoms lead the gains over the morning, followed by…

We splurge $11B on Christmas spending

Aussies splurge $11B on Christmas shoppingWith only 21 days left until #Christmas, new Commonwealth Bank research reveals Aussies are planning to spend $11B this year Aussies splurge $11B on Christmas shopping CommBank research reveals three busiest shopping days With only 21 days left until Christmas, new Commonwealth Bank research reveals Aussies are planning to spend…

North Korean coal piles up as Russian product sails away

A three-metre-high metal fence topped with razor wire in a North Korean port marks the front line of the United Nations’ ban on coal exports by Pyongyang.A mountain of North Korean coal – which would once have been bound for China – is piled up on one side of the barrier in Rajin harbour, stranded…

ASX response to US lead uncertain

It’s unclear just how well the Australian share market will respond to the passing of a significant tax reform bill in the US Senate when trade resumes on Monday. CommSec chief economist Craig James says he expects the local market to start the week higher, with the benchmark S&P/ASX200 up by between 15 and 20…

Flynn, Kushner targeted several states

Former US National Security Adviser Michael Flynn has admitted that he asked Russia to delay a UN vote seen as damaging to Israel, but diplomats say it was not the only country he and presidential adviser Jared Kushner lobbied. In the hours before the vote by the 15-member United Nations Security Council on December 23,…

The men charged in the US-Russia probe

Michael Flynn’s plea of guilty to lying to the Federal Bureau of Investigation made him the fourth person known to be charged in a US Justice Department investigation of ties between President Donald Trump’s 2016 election campaign and Russia. The other three known to be charged by Special Counsel Robert Mueller’s probe are: * Former…

Wall St ends lower on Russia probe

Wall Street stocks have fallen, whipsawed by developments with a probe into Russia’s alleged involvement in the US election as well as with progress on a tax bill in Congress. Major indexes ended lower on Friday after an ABC News report that former national security adviser Michael Flynn was prepared to testify that before taking…