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]( Hello team. Facebook has declared war on Australia. Isn't that nice? Let's dig into what happened. [Enable Images to View]( [Facebook is threatening to block Australians from sharing news on its platforms if planned government regulation goes ahead]( Facebook has threatened to block Australians from sharing news content on its platforms, including Instagram, if the government's proposed media bargaining code goes ahead. [Enable Images to View]( [The ACCC has lashed out at Facebook over its threat to ban news for Australian users, calling it 'ill-timed and misconceived']( The Australian Competition and Consumer Commission has rebuked Facebook over its threat to stop Australian users from sharing news on its Facebook and Instagram platforms. [Enable Images to View]( [NSW is easing travel restrictions with Victoria, allowing border communities to travel within 50 kilometres of the border on either side]( The New South Wales government is easing its restrictions along the state's border with Victoria. NSW is creating a border region that extends 50km either side of the border, allowing residents within that region to travel over to the other side. [Enable Images to View]( [Victoria has put Australia's economic recovery back 'some months', the RBA acknowledges, as it keeps the interest rate on hold at 0.25%]( The official cash rate has been left on hold at 0.25% by the Reserve Bank of Australia (RBA). The central bank instead revealed it had purchased another $10 billion in government securities and increased funding for local banks while it waits to see how Australia's economic recovery takes shape. [Enable Images to View]( [Enable Images to View]( [Melbourne house prices have fallen $40,000 since May as Australia marks its fourth month of consecutive declines]( Melbourne property prices fell by 1.2% in August on the back of the city's stage four lockdowns, according to research house CoreLogic. It was enough to drag national prices 0.4% south, despite values in most markets remaining firm. [Enable Images to View]( [Apple hits record high on reports it's preparing fall launch of at least 75 million 5G iPhones]( Apple stock hit a record high on Tuesday after a Bloomberg report detailed that the company asked suppliers to produce at least 75 million units of its next generation iPhones for later this year. [Enable Images to View]( [Russia released secret footage of history's largest man-made explosion — a nuclear blast thousands of times stronger than Hiroshima]( Russia just declassified footage of the moments leading up to the Tsar Bomba blast - the world's largest nuclear-bomb explosion. The blast was equivalent to 50 megatons of TNT, making it nearly 1,500 times more powerful than the Hiroshima and Nagasaki bombs combined. [Enable Images to View]( [Looking for a Father's Day gift for the discerning Dad? Look no further than these red wines above $50.]( This is the second part of a story which began with six bottles of wine under $50. The following come in above the $50 mark. [Enable Images to View]( [This geotechnical engineer bought his first home at 26 and is looking to invest in a second - this is how he did it]( For many young Australians, the prospects of buying a first home — let alone an investment property — is far out of reach. At least, that's the perception many of us have without actually doing our homework. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](