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5 things you need to know today

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Published on: Tuesday, February 19, 2019

1. Electricity bills are set to rise by $195 this year to subsidise the Small-scale Renewable Energy Scheme, costing households a total of almost $2 billion according to The Australian.

2. Coles has reported a 14% drop in first-half profit to $738 million in its first results since the company's demerger from Wesfarmers. Total revenue rose 2.0% to $20.35 billion.

3. China has claimed that the United States is using claims of a cybersecurity threat from Chinese mobile network technology to limit the country's industrial development.

4. Seven MPs from the British Labour party are set to form their own independent group due to antisemitism, negative culture and the party's dealing of Brexit under leader Jeremy Corbyn.

5. Cyclone Oma is expected to create hazardous beach conditions later this week as it move towards the coast of southern Queensland.


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