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10 things you need to know this morning in Australia

Monday 29 June 2020

Business Outsider

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Victoria reported 75 new cases of COVID-19 on Monday – its 4th highest daily total since the start of the pandemic

Victoria reported 75 new cases of COVID-19 on Monday. It's the fourth-highest daily total in the state since the beginning of the pandemic, and the first day with over 70 new cases since the end of March.
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'A severe economic crunch': The Australian government is being urged not to turn off the JobKeeper tap in September

JobKeeper should remain beyond its September cutoff date, think tank The Grattan Institute has urged. In a 122-page report, it cautioned the government from going down the path of cutting support programs, including JobKeeper, JobSeeker and rental assistance, too early.
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Some states and territories are further relaxing coronavirus restrictions from July. Here's what's changed.

Australian states and territories are continuing to lift their coronavirus-related restrictions, in line with new guidance from the federal government.
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Regional airline Rex is moving ahead with its plan to fly between Sydney, Melbourne and Brisbane

Regional Express Airlines says it will push ahead with plans to launch jet services between Sydney, Melbourne and Brisbane as a direct competitor to Qantas and Virgin Australia.
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This 1969 Holden Monaro sold for $750,000 at auction, setting a new record. Take a look inside.

A 1969 Holden Monaro set a new record, scoring the highest ever price for an Australian Holden at auction. The HT Monaro 57D sold for $750,000 to a bidder who wished to remain anonymous.
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Facebook sees $60 billion in market value erased in just 2 days as advertisers like Starbucks and PepsiCo halt social-media spending

Facebook shares fell roughly 1% on Monday as more advertisers boycotted its platform. The drop followed an 8.3% slide on Friday amid the first round of pulled advertising.
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The stock market has correctly predicted who will win the presidency since 1984. Here's what to look for as we approach the November election.

The stock market has a solid track record of predicting who will win the US presidential election. Since 1984, the S&P 500 has correctly predicted every single presidential election based on its price movements in the three months leading up to the election.
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Caught between Trump and China, Australia is starting to have second thoughts about the US

Trump administration policies at home and abroad have strained relations with countries all over the world. Those strains have been felt acutely in Australia, a country already wary of Trump, which is now increasingly at odds with both the US and China.
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T2, CUA, Patagonia and Kickstarter have all achieved success off social good – here's how their strategy works

In 2020, it's becoming clear that the priorities of large businesses have shifted immensely. More than ever, businesses are making an effort to break the status-quo by using profits to foster their consumer community for the greater good, becoming leaders in their fields in the process.

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