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10 things you need to know this morning in Australia

Thursday 16 April 2020

Business Outsider

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The 3 conditions Australia needs to meet before coronavirus restrictions can be relaxed

At a press conference on Thursday afternoon, Scott Morrison said the current level of coronavirus restrictions will be in place for at least the next month.
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Australia's latest job figures were better than expected – but they betray what's set to come

While Australia entered the coronavirus crisis on "good economic footing", its labour market looks to be in a state of detoriation, according to Indeed economist Callam Pickering.
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Crown Resorts has stood down 95% of its workforce, as coronavirus shutdowns wipe out its business

Crown Resorts has stood down around 95% of its workforce – around 11,500 staff – due to coronavirus-related shutdowns. Crown is offering full-time and part-time workers who have been stood down two weeks' pay.
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The number of active coronavirus cases in Australia could be 10 times higher than the official figure, new analysis suggests – but the chief medical officer disagrees

There are only around 3,000 active coronavirus cases in Australia, according to official reports. But new modelling by the Actuaries Institute, the representative body for the actuarial profession in Australia, shows that number could actually be far closer to 20,000, ten times the official figure.
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Sportsbet got a slap on the wrist from ASIC for opening up bets on the ASX 200

Corporate regulator ASIC said on Thursday it had "intervened" when betting company Sportsbet opened up bets on movements on the S&P/ASX 200 Index.
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Aussie fintech Airwallex scored $254 million in its latest funding round, as it plans to drive growth across Europe and the US

Aussie fintech Airwallex has raised US$160 million (AU$254 million), the largest amount it has raised so far. The company will use the funds to drive up its growth in the US, Europe and the Middle East.
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'We have a moral obligation to feed Australia': Guzman y Gomez CEO Steven Marks explains how the franchise is dealing with COVID-19

Guzman y Gomez founder and CEO Steven Marks told Business Insider Australia how the company has been surviving during the coronavirus pandemic. He said the company has "a moral obligation" to feed Australians through the pandemic.
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The new iPhone SE is the smallest and most affordable Apple phone you can buy. Here are 5 types of people it's perfect for.

Apple's new iPhone SE has a 4.7-inch screen and starts at $US400, making it the company's smallest and least expensive smartphone. It lacks some modern features like facial recognition and a triple-lens camera, but could appeal to those looking for a small, budget-friendly phone.
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New Zealand might be beating the coronavirus but its media is taking a hammering — 437 media-related jobs have been cut so far in a country that only employs about 1,600 journalists

In the last two weeks, 437 media-related jobs in New Zealand were cut as advertising plummets due to businesses struggling with the coronavirus. It's not clear how many of those are journalists, but with the entire country employing about 1,600 journalists, according to the 2018 census, it's a brutal blow.

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