10 things you need to know this morning in Australia

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( Happy Monday -- here's what's been happening. [Enable Images to View]( [Trump said he made the 'biggest deal ever' with China for farmers, but a written resolution to the trade war is still a long way off]( President Donald Trump tweeted on Saturday that an initial trade agreement with China was the "greatest and biggest deal ever," citing wins for US farmers and billions in Boeing plane sales. [Enable Images to View]( [The government is so unhappy that the big banks have kept rate cuts to themselves, it's now ordering a new inquiry]( Treasurer Josh Frydenberg has charged the consumer watchdog with investigating the refusal of the banks to pass on in full the recent spate of interest rate cuts, creating the potential for a further round of government intervention. [Enable Images to View]( [The IMF reckons Australia needs a carbon tax if its going to hit its Paris targets – and says we likely can't hike it quickly enough]( The IMF has officially prescribed a carbon tax as the best way for governments around the world to meet their Paris Targets, five years after Australia scrapped its one. [Enable Images to View]( [Facebook's cryptocurrency project suffers massive blow as MasterCard, Visa, eBay, and others withdraw from Libra]( MasterCard,Visa,eBay,Mercado Pago, and Stripe are exiting Facebook's planned cryptocurrency project, Libra. PayPal also dropped out of talks to work with Facebook on Libra last week. [Enable Images to View]( [Enable Images to View]( [Blizzard says its ‘relationships in China had no influence on our decision’ to punish an esports athlete who voiced his support for Hong Kong protestors]( BlizzardCEO J. Allen Brack has issued the company's first public statement since its decision to ban an esports competitor and withhold his prize money for making statements supporting the protests in Hong Kong at a Blizzard-sponsored event. [Enable Images to View]( [Support for a second Brexit referendum is growing as doubts grow over Boris Johnson's new withdrawal plan]( Support is growing among MPs for a second referendum on Brexit. Pro-Remain MPs could vote for a plan to attach a public vote to any deal Boris Johnson brings back from Brussels ahead of a historic sitting of parliament on Saturday. [Enable Images to View]( [WeWork is now is said to be talking to JPMorgan about a $5 billion credit line and could run out of cash next month without it]( WeWork and lenders led by JPMorgan are discussing a $US5 billion credit line for the struggling company, Bloomberg reported Friday. The commercial real-estate giant could run out of cash as soon as next month, Bloomberg and the Financial Times reported. [Enable Images to View]( [Apple hits record high, extends market value above $1 trillion]( Shares of Apple climbed more than 2% on Friday to an all-time high of $US235.20, extending the company's market value above the $US1 trillion threshold. [Enable Images to View]( [Uber is rewarding passengers in Australia who consistently get five star ratings with free leg-room upgrades]( Uber will be rewarding passengers who get a streak of five star ratings. The reward? An to Uber Comfort, which has vehicles with more leg and head room. [Enable Images to View]( Business Insider Australia © 2019 [Allure Media]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](