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10 things you need to know this morning in Australia

Wednesday 19 August 2020

Business Outsider

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'We're an airline that can't really fly': Qantas has reported a full-year loss of $1.96 billion, as COVID-19 continues to slam the airline industry

Qantas has reported a statutory loss of $1.96 billion for the last financial year. CEO Alan Joyce lamented the fact that, despite a strong first half year, the global pandemic had meant the airline "can't really fly to many places".
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Scott Morrison's COVID-19 vaccine deal isn't all it's cracked up to be, according to the company which is supposed to be making it

Prime Minister Scott Morrison on Wednesday announced that Australia had signed a deal wtih pharmaceutical company AstraZeneca to produce a potential vaccine being developed by Oxford University.
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'We need to change how we work and where we work': Atlassian co-founder Mike Cannon-Brookes on the company's new work-from-anywhere policy

Slack co-founder and CEO Stewart Butterfield and Atlassian co-founder and CEO Mike Cannon-Brookes discussed navigating the disruption of work under COVID-19 in a virtual panel on Wednesday.
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Australians have more than 37 million subscriptions to entertainment services – and that number is set to skyrocket

A new study estimates Australians have almost 37 million subscriptions to entertainment services, including video on demand, gaming and music offerings, and it's tipped to reach 58 million by 2024.
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Australia's trade partnership with China may have just passed its peak, as wine exports become the latest dispute

A 12-month investigation into Australian wine exports was launched on Tuesday by China's commerce ministry amid allegations of 'dumping'. It comes after a similar investigation into Australian barley concluded earlier this year with the application of 80% tariffs.
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'One outbreak affects a whole community': Restaurants say being identified as a COVID-19 hotspot hurts business, but their customers are rallying around them

Business owners say that being listed as a location where a COVID-19 case has been can hurt business for weeks after. Complicated messaging and coronavirus news fatigue are both making it difficult for businesses to communicate with their customers about public health orders and the steps they've taken to mitigate risk.
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Meet Buildkite, the Aussie software company which just raised $28 million at a valuation of $200 million

Australian software company Buildkite secured $28 million in its latest funding round, taking its valuation to $200 million. The company, which builds tools that help software engineering teams test, build and deliver their product, was co-founded in 2013 by Lachlan Donald, Tim Lucas and Keith Pitt.
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A taste test of 6 stellar wines from the Penfolds 2020 collection

Right now, even the most dedicated Victorian booster is feeling the pinch. "Bleak City" seems greyer than ever with the combo of an icy winter and the purgatory that is life under lockdown 2.0.
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Hyundai is giving away its advertising budget to three small businesses who need it most. 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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