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10 things you need to know this morning in Australia

Monday 31 August 2020

Business Outsider

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10 things you need to know this morning in Australia

Hello, hello. Let's kick off the day with some fairly promising coronavirus figures from both Victoria and New South Wales.
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Victoria could have more people on JobKeeper than the rest of Australia combined, as the state government considers extending the stage 4 lockdown

The federal government has ramped up its attacks on the Victorian premier and the ongoing lockdown in the state. Treasurer Josh Frydenberg called Victoria's response "the biggest public policy failure by a state government in living memory" as Treasury numbers showed Victorians could soon make up 60% of all JobKeeper recipients.
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China has fired another warning shot at Australia's wine industry by launching a second inquiry into exports

China's Ministry of Commerce has launched a second inquiry into Australia's wine exports in as many weeks. The latest will examine Australian subsidies that the Chinese government alleges enables winemakers to flood the market with cheap plonk.
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Insiders say McDonald's former head of HR's 'gross and dirty' behaviour sparked internal concerns long before his ouster in late 2019

McDonald's former head of HR David Fairhurst is facing renewed scrutiny as McDonald's sues ex-CEO Steve Easterbrook. Heidi Capozzi, McDonald's head of HR, revealed during an internal meeting last week that Fairhurst was fired last November for making women at the company feel uncomfortable.
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Zoom's stock soars as it reports blockbuster earnings with 355% revenue growth

Zoom reported 355% revenue growth from a year prior in its second quarter earnings on Monday. Zoom's business has grown tremendously this year due to the coronavirus pandemic and the subsequent remote work mandates.
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Tesla shows off the inside of its China factory in new video where you can see the Model 3 being made

Tesla on Monday unveiled a 48-second video showing a time-lapse of automobile production at its Gigafactory in Shanghai. Spotted in the video are as many as eight robots producing a single Model 3 vehicle, Electrek points out, as Musk seeks to shift the company's focus toward global manufacturing and increasingly toward automation.
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6 excellent red wines under $50 to buy for Dad for Father's Day

If you have decided to give your Dad a bottle of wine for Fathers Day, then surely it must be a good red. Think about it: would Dad really want a bottle of riesling, sauvignon blanc or – even worse still – Viognier to enjoy with his much-anticipated, as-requested, steak lunch or dinner? I didn't think so.
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This house in New South Wales can rotate 360 degrees, with movement controlled by a touchscreen. Take a closer look.

The Rotating House in New South Wales can rotate 360 degrees. It is controlled by a touchscreen and can turn both clockwise and anticlockwise.
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These last-minute Father's Day gift ideas will make your dad's day, and you won't need to worry about postage

We rounded up a collection of gift ideas that will make any dad's day, including streaming subscriptions, a MasterClass membership and gift cards.
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This geotechnical engineer bought his first home at 26 and is looking to invest in a second - this is how he did it

For many young Australians, the prospects of buying a first home — let alone an investment property — is far out of reach. At least, that's the perception many of us have without actually doing our homework.
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10 things you need to know this morning in Australia

Sunday 30 August 2020

Business Outsider

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Business Insider Australia Twitter Facebook LinkedIn

10 things you need to know this morning in Australia

Good morning, team. Hope you all had great weekends. Let's get it.
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Australian banks could start raising variable interest rates on customers before the end of the year, according to a survey of economists

Australians could face rising interest rates in the coming months as banks feel the heat. A majority of the economists surveyed by Finder expected variable rates to rise before 2021 without any move by the Reserve Bank of Australia.
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The Barefoot Investor pulled the plug on his popular membership program last month. Some subscribers say it has left them in the lurch.

The Barefoot Investor shut down its subscriber-only Blueprint program at the end of last financial year as founder Scott Pape gave up his financial licence.
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'People feel really vulnerable talking about pay': An expert explores ways Australia can address the gender pay gap

August 28 is Equal Pay Day, which highlights the extra number of days from the end of the previous financial year that women have to work on average to earn the same as men did that year.
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'Influencers as a service': How a new acquisition could supercharge Australia's influencer marketing industry

Global marketing-as-a-service company Impact has acquired ACTIVATE, one of the world's biggest influencer marketplaces. Impact's Managing Director for the Asia Pacific Adam Furness said the purchase offers a new Influencer-as-a-Service product to Australian businesses, which could boost the local influencer marketing industry.
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Woolworths is ramping up its online capacity and COVID-19 safety measures – here's how

Woolworths will increase online shopping capacity and launch new safety measures in stores in an attempt to maintain sales momentum after pandemic-fuelled buying underpinned the best growth in revenues in more than a decade.
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Zip has kept its expansion plans alive despite COVID-19, as buy now pay later goes global

Australia's biggest buy now pay later platforms capped off the financial year strongly, hitting all-time highs this week. Zip, like Afterpay, managed to double its customer base despite heading into a period of economic uncertainty.
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Bella Thorne apologizes to OnlyFans creators after she banks $2 million in a week from erotic site

Actress Bella Thorne has issued an apology after a backlash from OnlyFans creators for "gentrifying" the erotic content site. Some creators blamed recent policy changes, including how much people can charge for exclusive content, on Thorne's success on the platform.
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Airbus just acquired a prop plane to act as a research lab in the sky, collecting data to develop self-flying aircraft – here's how it works

Airbus' Silicon Valley incubator Acubed is pressing forward with a data collection program that will support future autonomous flight operations. Acubed's Project Wayfinder just acquired a Beechcraft Baron 58 and equipped it with onboard cameras and instrumentation to be used as a flying lab for researchers.
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Hyundai is giving its advertising budget to three small businesses who need it more than them. Here's how you can enter

The impact that coronavirus has had on both Australian businesses and the economy is far-reaching and, unfortunately, looks to be leaving some impacts that could be felt for quite some time across the board.
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