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10 things you need to know this morning in Australia

Thursday 13 February 2020

Business Outsider

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The ASX is shrugging off coronavirus fears, despite the outbreak punching a hole in the Australian economy

The ASX has moved higher on Thursday, extending this weeks rally to more than 100 points, or around 2%. It follows a similar rally on Wall Street, as global markets appear to be brushing off the coronavirus threat.
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TPG and Vodafone's $16 billion merger is set to go ahead, after a Federal Court judge dismissed claims it would lessen competition

A $16 billion planned merger between TPG and Vodafone will go ahead after the Federal Court ruled it would not substantially impact competition. The Australian Competition and Consumer Commission (ACCC) opposed the announced merger on the basis that TPG had previously announced it would launch its own mobile network, challenging the existing market.
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Australia saw a bump in venture capital funding in 2019, with Canva topping the list of biggest deals

Australia has seen an increase in funding from venture capitalists, according to KPMG. Aussie companies secured US$1.145 billion in funding in 2019, an increase from US$1.033 billion in 2018.
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The use of meal delivery services like Uber Eats and Deliveroo in Australia has doubled in 18 months, according to new research

New research from Roy Morgan shows the use of meal delivery services like Uber Eats and Deliveroo has doubled in just 18 months. The growth has been most substantial among younger Australians, with well over a quarter of millennials and Gen Z saying they use meal delivery services.
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The Australian savings accounts with the best interest rates

Savings accounts with higher interest rates can make it easier for you to get a little extra cash. Some high interest rate accounts include Ubank's U Saver Acount and Rabobank's Online Savings High Interest Savings Account.
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Australian house prices are tipped to keep rising this year, with Sydney expected to soar by a massive 10%

Domain has updated its forecasts for 2020, and it expects house prices to rise by 8% nationally this year. Sydney is expected to lead, adding 10% to its house prices and bring the median to an astronomical $1.25 million.
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Hospitality bosses are blaming Fair Work's 'name and shame' wage theft campaign for the collapse of George Calombaris' restaurant empire

The hospitality sector is blaming the Fair Work Ombudsman's "name and shame" campaign for driving the collapse of George Calombaris' restaurant empire with warnings more jobs are at risk.
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Google Maps turns 15 this month, and it started in Australia. Here are 5 tech innovations with Aussie roots.

Google Maps celebates its 15th anniversary this month, and it has its roots in Australia. In 2003, Danish-born brothers Jens and Lars Rasmussen cofounded a mapping company called Where 2 Technologies, which was later purchased by Google. The company went to Google with an idea for a scrollable and zoomable mapping system, which evolved into Google Maps.

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