10 things you need to know this morning in Australia

Good morning, folks. TGIF.

Australian mining billionaire Twiggy Forrest has declared war on Google and Facebook, announcing plans to pour millions into some of tech's biggest critics

Andrew Forrest will provide $20 million in initial funding to establish a 'Global Tech Impact Network'. Run out of some of the globe's most prestigious universities, it will draw together and promote the work of Google and Facebook's most prominent critics.

$195 billion worth of mortgage deferrals will begin expiring next month. Here's how banks will deal with customers who can't afford their repayments.

ASIC sent a letter to lenders on Thursday notifying them of its expectations once mortgage deferrals expire. The regulator has instructed lenders to begin contacting borrowers and assessing whether not they'll be in a position to recommence repayments, and how to move forward if they cannot.

There are now officially more than 1 million Australians out of work – and that's before the Victorian lockdown is even counted

The unemployment rate rose to 7.5% in July, as the number of unemployed Australians surpassed one million. That figure doesn't include the 3.5 million workers being supported by JobKeeper.

The owner of Just Jeans and Peter Alexander expects record profits this year, despite the coronavirus hit

Rent reductions, wage subsidies and strong online sales growth will help Solomon Lew's Premier Investments deliver record profits this year, even though sales plunged 18 per cent in the June-half due to the coronavirus pandemic.

New South Wales residents returning from Victoria will have their hotel quarantine fees waived until September

The New South Wales government is temporarily waiving fees for residents placed in hotel quarantine after returning from Victoria. It comes as residents raised concerns about being unable to return to NSW because of the fees.

The coronavirus pandemic has forced many sex workers to go online. But creators say platforms like OnlyFans aren't as easy as they seem.

The sex work industry has been affected by public health orders restricting in-person work during the pandemic. Some sex workers are trying to earn an income from online sex work, but are finding the transition can be hard to navigate.

Telstra will bleed $200 million this financial year thanks to the disappearance of international roaming fees

Telstra announced its financial year results on Thursday, recording a 14.4% slide in profit to 30 June. The telco attributed a $200 million loss to COVID-19, with the disappearance of international roaming fees being responsible for a large part of that.

These are the fastest NBN plans currently available in Australia

Despite standard speed tiers, internet performance can vary a lot, especially during peak hours. Make sure you get the best internet speeds possible for your chosen plan and provider.

This fund is giving $1 million back to struggling people and businesses in the music industry

Since the inception of the Music Backers Program in 2018, American Express has always been clear on their aim to give back to the local music industry.

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