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10 things you need to know this morning in Australia

Sunday 30 August 2020

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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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