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10 things you need to know this morning in Australia

Tuesday 10 March 2020

Business Outsider

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The ASX miraculously managed to gain more than 3.1%, as US tax cuts are considered

The ASX 200 finished 3.11% higher on Tuesday, despite expecations that it would plunge more than 6%. It comes after a horror Monday wiped more than 7% off the index, amid coronavirus fears and an major dispute between the world's largest oil producers.
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There will be no quick fix for the 'unprecedented' effect of the coronavirus on the aviation industry, according to an expert

Qantas is once again slashing flights because of the coronavirus outbreak. Chrystal Zhang, Associate Professor of Aviation at RMIT, told Business Insider Australia the aviation industry will be affected on three fronts: the airlines, the airports, and travellers.
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Uber Australia confirms it will compensate drivers who are quarantined or diagnosed with coronavirus for 14 days

Uber announced it will compensate drivers who are diagnosed with coronavirus or need to be isolated. A spokesperson for Uber Australia that the compensation program will be available locally ,but could not confirm if anyone locally had used it.
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The Australian economy and share market are being battered by the coronavirus. Here's what analysts say we should expect next.

The coronavirus outbreak is exacerbating market volatility and threatens to put a handbrake on global economic growth this year. It poses risks to sectors of the Australian economy, raises the possibility of a global and Australian recession, and could further hamper Australian businesses.
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Don't make drastic changes to your super because of the coronavirus, says consumer group Choice

Consumer group Choice said despite the market fluctuations coronavirus, now is not the time to make drastic changes to your super. Scott Pape, author of The Barefoot Investor said instead, you should be making sure you have the right risk for your age and your risk tolerance.
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'It's now on us to respond': A new Atlassian study finds many employees would quit if their employer didn't align with their values

Atlassian released a report which found Aussies want businesses to be just as concerned with their impact on society as they are with their financial performance.
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The Liberal Party has removed the $35 'Back in Black' mug from its merch store, as a surplus looks increasingly unlikely

A $35 mug celebrating the inclement return to surplus has disappeared from the Liberal Party's online merchandise store. The 'Back in Black' mug was available as recently as March 7, but has disappeared as the coronavirus outbreak makes a surplus extremely unlikely.
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Stationery retailer Kikki.K collapses into administration, becoming the latest casualty of Australia's retail bloodbath

Stationery retailer Kikki.K has gone into voluntary administration, putting up to 450 jobs at risk. Co-founder and CEO Paul Lacy said a recent potential partnership with a "big global business" fell through.
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3 common communication mistakes that are hindering your career in the finance industry

Technical know-how is important in any industry, and the financial sector is no different, but that alone may not be enough to set you apart from your peers.

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