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10 things you need to know this morning in Australia

Thursday 24 October 2019

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10 things you need to know this morning in Australia

It's Friday. Read about how our top 2% live, celebrate our young entrepreneurs and check out Jack Dorsey's fighting words against Mark Zuckerberg. 
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This is where the most expensive houses are in Australia and how much you'd need to spend to be part of the top 2%

Australian property prices may have risen across the board, but it's the top end of the market that has really soared. New CoreLogic analysis shows the top 2% of prices nationally begin at $2.16 million.
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Qantas has just had $330 million pulled out of it, as the Hong Kong protests and trade war rip through profits

Qantas shares have taken a tumble after it was revealed its profits were being battered by global headwinds. The airline blamed the ongoing Hong Kong protests and trade war as responsible for slicing as much as $55 million from its bottom line.
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Network Seven has snagged ex-Masterchef judges Matt Preston and Gary Mehigan for a new cooking show – but there's no sign of George Calombaris or Pete Evans

Former Masterchef judges Matt Preston and Gary Mehigan are moving on to the Seven Network to host a cooking show, after departing Network 10. They will join former host of My Kitchen Rules Manu Feildel.
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Finder co-founder Fred Schebesta has debuted on the Young Rich List with a $193 million fortune

Fred Schebesta, co-founder of comparison website Finder, has just been launched onto the AFR's Young Rich List, debuting at number 22 with an estimated net worth of $193 million. His business partner Frank Restuccia joins him at number 60 with $53 million.
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Atlassian's cofounders have topped the 2019 Young Rich List with a combined wealth of $26.7 billion

Atlassian co-founders Mike Cannon-Brookes and Scott Farquar have topped the Australian Financial Review's Young Rich List for 2019. The duo, who have a combined wealth of $26.714 billion, have topped the list for the eighth consecutive year.
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Twitter CEO Jack Dorsey goes after Mark Zuckerberg

Twitter CEO Jack Dorsey didn't hold back his thoughts on FacebookCEO Mark Zuckerberg during a Twitter event on Thursday. Dorsey took issue with Zuckerberg's comments on free speech.
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Amazon takes a nosedive after reporting a less profitable quarter than expected

Amazon reported third-quarter earnings Thursday, missing Wall Street estimates on profit - sending the stock tumbling as low as 8.62% following the release.
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Ford is set to reveal its all-electric, Mustang-inspired SUV on the eve of the LA auto show

Ford announced that it will reveal its all-electric, Mustang-inspired SUV right before the press days at the LA auto show in November. Ford first teased the vehicle back in January at the Detroit auto show.
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Facial-recognition software is now so advanced that it can identify you only from an MRI scan of your brain, a new study reveals

Facial-recognition software can now accurately match photos of people to their brain scans, The Wall Street Journal reported. Researchers consider this a potential privacy threat, because the law is not advancing as quickly as technology in this area.

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