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10 things you need to know this morning in Australia

Thursday 30 April 2020

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10 things you need to know this morning in Australia

Folks! We made it to Friday. You may be surprised to hear I have a number of stories for you, which are either directly or indirectly related to the coronavirus.
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More than 1.3 million Australians are on the Jobseeker Allowance, according to official figures, as the economy haemorrhages jobs

Nearly one million Australians have applied for JobSeeker in the last six weeks, the government's unemployment support payment and the successor to Newstart, according to government figures.
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13cabs has partnered with Woolworths to deliver groceries, following a significant drop in demand for taxis

13cabs has teamed up with Woolworths to let its drivers conduct online delivery services. This will be done under 13cabs' delivery service 13things.
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Woolworths posted its strongest quarterly sales growth in more than a decade, but warned of a coming cost blowout

Woolworths posted its strongest quarterly sales growth in more than a decade, with group sales rising 10.7 per cent to $16.5 billion in the March quarter, but warned that a cost blowout and big monthly losses in hotels would offset some of the benefits.
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NAB's latest coronavirus hardship measure threatens to hurt customers more than it helps them

NAB has automatically reduced all minimum repayments for credit card customers, regardless of circumstance. The policy, while seeming generous, threatens to cost customers more in the long-run as interest, at rates as much as 19.99%, continue to accumulate.
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The ACCC has greenlit the merger of Gumtree and the parent company of Carsguide

The ACCC has approved the merger of Gumtree and Cox Media, the parent company of Carsguide and Autotrader. Carsguide and Autotrader provide online vehicle classifieds.
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Ola is now offering 'super-sanitised' rides in the most confusing coronavirus feature yet

Ola has launched a new offering called Ola Pro, promising a "super sanitised" version of its rideshare service. Users will be separated with a platic "hygiene screen" from their drivers, who in turn will be supplied with a kit containing hand sanitiser, gloves, antibacterial wipes and face masks.
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Warren Buffett's favourite stock-market indicator hits record high, signalling a crash could be coming

Warren Buffett's preferred stock-market gauge hit a record high, signalling stocks are overvalued and a crash could be coming. The "Buffett indicator" divides the total value of publicly traded stocks by quarterly GDP.
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Amazon's Q1 profit misses Wall Street estimates even as sales jump on a surge in consumer demand

Amazon reported its first-quarter earnings on Thursday after the bell. Amazon's sales grew faster than expected as more people shopped online amid COVID-19.
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Spotify surges 17% after reporting 31% jump in paid subscribers amid coronavirus lockdowns

Spotify surged as much as 17% on Wednesday after reporting a 31% jump in paid subscribers amid the coronavirus lockdown. The Swedish company said "Every day now looks like the weekend" as consumer listening habits change dramatically due to the coronavirus pandemic.

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