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10 things you need to know this morning in Australia

Monday 3 February 2020

Business Outsider

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The Commonwealth Bank is betting on Australia's startup scene, backing 25 ventures over the next five years

The Commonwealth Bank, in partnership with KPMG and Microsoft, has launched X15 Ventures, a new incubator for Australian startups. It'll be paid for with some of the big bank's $1 billion annual tech investment fund in order to innovate externally.
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Toll deliveries have been missing all weekend, after a cyber attack shut down the company's systems and left customers unable to track their items

Toll's Australian customers have been left in the dark, after a cyber attack shutdown some of the delivery services systems. The company confirmed to Business Insider Australia its systems had been down since Friday, and it was unable to track or locate customer's items.
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Clive Palmer spent an eye-watering $83 million on the 2016 election – and didn't win a single seat

Clive Palmer's failed attempt to disrupt federal politics cost the Queensland billionaire more than $83 million, new data from the Australian Electoral Commission has revealed.
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Popular Australian tea chain T2 could be offloaded by owner Unilever, thanks to low sales growth in the sector

Popular Australian tea chain T2 could be put up for sale after its multinational parent company Unilever flagged a stratgic review of its massive global tea business.
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HBO has filed an Aussie trademark for its upcoming streaming platform HBO Max, suggesting it could enter the crowded local market

HBO has filed a trademark for its upcoming streaming service HBO Max in Australia, leading to speculation it may launch here. At present, Foxtel has an exclusive deal with HBO for its content, which is set to continue for two more years.
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An artist wheeled 99 smartphones around in a wagon to create fake traffic jams on Google Maps

An artist pulled 99 smartphones around Berlin in a red wagon, tracking how the gadgets affected Google Maps' traffic interface. Wherever the phones went, Google Maps showed a traffic jam, displaying a red line and routing users around the area.
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Alphabet breaks out YouTube and Cloud financials for the first time as Google's overall revenue slowdown misses Street targets

Google parent Alphabet reported its fourth-quarter results Monday. The company beat Wall Street's earnings-per-share expectations handily, but if fell shy of analysts revenue forecasts.
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How countries around the world are fighting to keep growth afloat as the coronavirus threatens the economy

Concerns about a deadly virus outbreak have rippled far beyond its epicentre in China in recent weeks. Analysts estimate that the coronavirus will chip away as much as 0.3% from global gross domestic product this year.
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Iowa precinct chairs are having trouble logging into the app for reporting caucus results, and it might delay the announcement of the winner

Iowa precinct chairs are reportedly having trouble using the new mobile app for reporting caucus results that was rolled out by the Iowa Democratic Party for this year's caucus.

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