10 things you need to know this morning in Australia

Good morning.

German supermarket giant Kaufland has bizarrely pulled the plug on its Australian expansion at the last minute, with little explanation

Supermarket giant Kaufland has reneged on its ambitious plans for Australia, announcing on Wednesday it would no longer be opening any stores. It's a significant about face for the company, which had planned around 30 initial stores and a distribution centre worth more than $450 million.

Guzman y Gomez founder Steven Marks says speed, quality and a drive-thru will make the Aussie chain successful in the US – which he says has a 'culture of mediocrity'

Australian fast food chain Guzman y Gomez has launched its first store in the United States. Founder Steven Marks says the chain can be successful in the US, despite the country's many existing Mexican fast food restaurants.

John McEnroe pledged to donate $1,000 to bushfire relief for every set Nick Kyrgios wins during the rest of the Australian Open

US tennis star John McEnroe pledged to donate $1.000 to bushfire relief efforts for every set Nick Kyrgios wins for the rest of the 2020 Australian Open.

Netflix added nearly 2 million Asia-Pacific subscribers last quarter, as its international growth exceeds analyst expectations

Netflix added 1.75 million subscriber in the Asia-Pacific, according to Reuters. The figures were announced in the company's fourth quarter results, where the streaming giant said it surpassed 100 million memberships outside of the US.

A new class action alleges NAB charged 330,000 customers excessive fees and commissions years after it was meant to stop

NAB is facing a new class action alleging it mismanaged some $6.8 billion in superannuation for its members. Maurice Blackburn, the law firm filing the action, alleges NAB Group subsidiaries MLC and Nulis "delayed the compulsory transition of super into low-fee accounts and as a result extracted higher fees and commissions".

A terrifying graph shows how fast the Wuhan coronavirus has spread so far and how close it is to becoming a pandemic

A simple graph shows just how fast the Wuhan coronavirus has spread over the past two weeks. The graph shows that the virus - also known as 2019-nCoV - could soon become a pandemic, as more and more cases are being found outside China.

I've been living abroad for 3 years and these are the 5 biggest money mistakes I've made

For the last three years, I've been travelling the world and working on the go.

A day in the life of a personal assistant to the ultra-wealthy, who spends her time tracking down the perfect Cartier watch for a client's wife and planning out a surprise ski trip to the 'Aspen of Japan'

Jennifer King is a personal assistant working at Insignia, a luxury lifestyle management service for millionaires and billionaires. Insignia was founded in Europe in 1996 and expanded stateside last year. Jennifer is one of the employees in Insignia's New York City office.

Creativity is an extremely valuable asset in your employees - here's how to harness it

Whether you work in finance or design, a thriving atmosphere of creativity is integral to the functioning of any business. Unbound by the constraints of its artsy connotations, creativity as a concept can influence problem-solving, produce new avenues of business and introduce collaborative ways of working.

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