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10 things you need to know this morning in Australia

Thursday 23 April 2020

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10 things you need to know this morning in Australia

It's Friday! We're just about ready to stop reading depressing world news on our work computers, and start reading depressing world news on our leisure computers. That's how things work now.
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More than 450,000 Australians have been approved to access their super early, draining billions from the system in just three days

The government has issued an update on much demand it has seen for its COVID-19 economic support measures on Thursday. Treasurer Josh Frydenberg confirmed that 456,000 Australians had been approved since Monday to withdraw on average around $8,300 from their retirement savings.
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'We can't do it alone': A group of Australian manufacturing businesses have banded together to make ventilators for the fight against the coronavirus

A consortium of businesses in Australia are working together to make ventilators needed during the coronavirus pandemic. The group is led by Victorian-based company Grey Innovation, which secured $31.1 million from the federal government to make 2000 ventilators.
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Myer is keeping its stores closed until at least May 11, as government stay-at-home orders roll on

Myer will keep its stores closed until at least May 11. It comes after the federal government announced a continuation of social distancing measures for another four weeks.
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Australia's economy is reeling from the coronavirus, with the latest temperature check showing the service sector is sinking

The lastest flash PMI data from the Commonwealth Bank shows the economy is shrinking quickly. On a scale of 100, where any score below 50 shows a contraction, Australia scored just 22.4 in April.
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The tide is starting to turn on Australian property prices, with capital city price growth turning negative for the first time since August

Property prices in Australia appear to be turning negative as the coronavirus shutdown turns the tide on the market. Weekly capital city price growth has turned negative for the first time since August, while the rolling 28-day average has fallen from 1.1% to 0.4% heading into the backend of April.
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Dan Murphy's and BWS are stocking almost 2,000 new products from Aussie breweries and distilleries which are struggling through coronavirus shutdowns

Endeavour Drinks, the Woolworths-owned liquor group behind Dan Murphy's and BWS, is stocking nearly 2000 new products from suppliers that have been impacted by coronavirus related shutdowns.
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Tesla just added the chief investment officer of Japan's $1.5 trillion government pension fund to its board of directors

Tesla announced Thursday that it is appointing Hiro Mizuno to its board of directors. Mizuno was most recently the chief investment officer of Japan's $US1.5 trillion government pension fund, the largest such retirement pool in the world.
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Appliance and electronics lender Radio Rentals will permanently close all its stores and make 300 staff redundant

Appliance and electronics lender Radio Rentals will permanently shut all shop locations across Australia and make approximately 300 staff redundant, marking the first major retail casualty of the coronavirus crisis.
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With so many mixed messages circulating during the COVID-19 outbreak, here are 3 important points for workers and business owners

The way Australians are working has changed dramatically during the global coronavirus pandemic. Those who can work remotely are finding the best ways to adjust their lives accordingly, while business owners are working out how to navigate the challenges ahead and adapt to a "new normal".

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