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10 things you need to know this morning in Australia

Thursday 27 February 2020

Business Outsider

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10 things you need to know this morning in Australia

Good morning. As you might expect, I have a number of coronavirus-related updates for you to ponder.
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Some Australian universities are paying Chinese students to circumvent the government's travel ban, as they risk losing $2.8 billion to the coronavirus

Some universities are offering financial incentives to Chinese students who circumvent Australia's travel ban, which requires visitors spend at least 14 days outside of China.
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Virgin Australia and Tiger are cutting more flights, as the coronavirus and falling demand are expected to cost the airlines up to $75 million

Virgin Australia is cutting 3% of its total flights following weak demand. Virgin-owned Tigerair is also withdrawing five of its domestic flights.
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Coronavirus patients over age 80 have a 15% chance of dying. Here's the mortality rate for every age bracket.

A study of more than 44,000 coronavirus patients showed that patients older than 80 have a 15% chance of dying. Patients in their 50s were about three times more likely to die than patients in their 40s.
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Dow plunges 1,191 points on coronavirus fears, while S&P 500 posts its worst day since 2011

All major US equity indexes plunged more than 4.4% on Thursday, with each entering correction territory. That means they have both fallen more than 10% from recent highs.
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Hong Kong's government is giving $1,284 to every permanent resident over 18

Hong Kong announced it will give permanent residents 18 years and older a one-time payment of $US1,284 as a result of coronavirus's economic damage.
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A tour guide in Japan tested positive for the coronavirus for a 2nd time, less than a month after recovering

A woman in her 40s living in Japan tested positive for the coronavirus for a second time on Wednesday, less than four weeks after recovering from her first infection.
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The US Navy orders ships in the Pacific to stay at sea at least 14 days between port calls over coronavirus concerns

The US Navy has given ships operating in the Pacific new port call guidance amid concerns over the coronavirus, US Pacific Fleet told Insider Thursday.
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Republican officials are privately bracing for the possibility that a virus-hit US economy could hurt Trump in the election

The White House has attempted in recent days to downplay the effects the novel coronavirus could have on US growth. But behind closed doors, Republican officials have started to worry a faltering economy could undermine President Donald Trump's strongest case for re-election.
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21 breathtaking photos show what the most isolated religious sites in the world look like

Ancient religious sites can be found across the world in the most remote, hard-to-reach places. For centuries, places of worship have been built on cliffs, mountaintops, and islands - and we've tracked down the most spectacular ones.
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10 things you need to know this morning in Australia

Wednesday 26 February 2020

Business Outsider

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Business Insider Australia Twitter Facebook LinkedIn
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As the coronavirus outbreak worsens outside of China, hopes of containing it are diminishing

The coronavirus outbreak that originated in China has spread to at least 40 other countries.
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'The worst is yet to come': Global stocks plummet as fears mount of a coronavirus pandemic

The flu-like illness has infected more than 80,000 people, killed at least 2,700, and spread to around 40 countries.
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Clearview AI, the controversial facial-recognition company partnering with police, says its entire customer list was stolen in a breach

Clearview AI, the controversial company working with police departments across the US, said someone with "unauthorised access" stole its client list.
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After discovering they've been funding climate change, 10,000 Australian academics are demanding UniSuper divest from fossil fuels

Australia's default fund for university staff has billions invested in fossil fuel companies and the revelations have roiled members.
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Tim Cook said he would answer questions about the 'fairly dynamic situation' of Coronavirus at Apple's shareholder meeting, then closed the meeting without addressing it

Despite the fact that it prompted the company to revise its March quarter revenue guidance earlier this month.
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Australia's neobanks are publishing roadmaps of their future app features, as a way of being transparent with customers

86 400 published its plans on Wednesday, joining rivals Xinja and Up Bank in doing so.
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'Supply chain issues are starting to emerge': These are the Australian businesses most affected by the coronavirus outbreak

From supermarket Coles to software company WiseTech, companies are grappling with short-term disruptions, unsure of when they might be resolved.
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Hand sanitiser is low in stock at Coles due to the coronavirus outbreak, and the company says it expects shortages in other products too

The coronavirus outbreak is seeing shortages in Australian supermarkets for certain goods.
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