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10 things you need to know this morning in Australia

Monday 10 February 2020

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George Calombaris' restaurant empire has gone into voluntary administration following its wage theft scandal

George Calombaris' restaurant group, Made Establishment, has gone into voluntary administration. A statement from KordaMentha on Monday afternoon announced 22 businesses within the group would be affected, with 12 restaurants to cease trading "immediately".
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The Australian dollar has crashed to an 11-year low thanks to the coronavirus and strong US jobs numbers

The Australian dollar crashed to an eleven-year low as a super-strong US jobs number proved too tempting for currency traders already grappling with fears about the potential damage to the Australian economy from the coronavirus and bushfires.
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Kanopy lets you stream movies for free via your library membership. Aussie founder Olivia Humphrey explains what it took to take the company global.

Streaming service Kanopy was founded by Australian Olivia Humphrey in 2008. It lets users stream movies for free using their library membership.
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Aussies couldn't afford to blow their tax refund last year, and it's not doing retailers any favours

New research shows many Australians weren't able to spend their tax refunds last year, despite what the government had hoped. Just 5% of Australians went shopping with it, while the same number spent it on their own leisure.
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A new buy now, pay later service named Bundll has launched in Australia, promising interest-free repayments on all Mastercard purchases – including petrol and groceries

Flexigroup's buy now, pay later (BNPL) service Bundll will allow customers to make repayments on any purchase made on a Mastercard. The service has partnered with Mastercard to extend customers an interest-free period of two weeks or more no matter where they shop and on nearly anything under $1,000, including petrol and groceries.
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'Parasite' becomes the first movie to win best picture and best international film at the Oscars

"Parasite" won best picture at the 2020 Oscars. The South Korean film is the first film in history to win best picture and best international film at the Academy Awards.
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What is good cholesterol? The difference between HDL and LDL cholesterol

The two types of cholesterol are low-density lipoprotein (LDL) and high-density lipoprotein (HDL). HDL cholesterol helps remove excess LDL in your bloodstream that can increase your risk of heart disease and stroke.
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Airline workers reveal how they're dealing with being on the front lines of the coronavirus outbreak as it spreads around the world

Airlines around the world have cancelled flights and suspended routes to China amid plummeting demand due to the coronavirus outbreak. However, airlines are also taking other precautions as the virus continues to spread to other countries.
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What 17 royal residences look like around the world

Many countries have palaces where royals live and conduct events - not just the Commonwealth. Some, like Drottningholm Royal Palace in Sweden, are open to visitors year-round.

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