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10 things you need to know this morning in Australia

Wednesday 30 September 2020

Business Outsider

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Banks are struggling to get borrowers to start paying their loans again, with as much as $200 billion in frozen debt to be kicked into the new year

The latest APRA figures show most banks are struggling to get customers to restart repayments. In August, just $10 billion worth of loans were thawed, leaving $229 billion frozen – including $160 billion in mortgages.
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These are the Australian suburbs under the most mortgage stress — and nearly all of them have one thing in common

New analysis by credit rating agency Equifax has revealed which suburbs are facing the most mortgage stress. Queensland dominates the list with nine of its tourist destinations in the top ten.
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The new banking watchdog has named and shamed its first case for 'systemic breaches' of the code – but the culprit won't face any penalties

The Banking Code Compliance Committee (BCCC) has sanctioned Bendigo Bank for four years of breaching the Banking Code. There will be no penalties however, beyond being named and shamed.
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There are now 1.5 million podcasts on Spotify. Here's what Australians are actually listening to.

Spotify has listed the top five podcasts on its platfrom in Australia. The list includes The Squiz and The Betoota Advocate Podcast. It comes as September 30 marks International Podcast Day.
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Bunnings is bringing back sausage sizzles in NSW and ACT after a 6-month break in fundraisers

Bunnings is bringing back its sausage sizzles in NSW and the ACT. It comes after Bunnings suspended the iconic fundraiser in March due to the onset of the coronavirus pandemic.
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Uber has defended its 30% restaurant commission fee, arguing that the company supports Australian businesses in other ways

Uber has defended the controversial high commissions it charges to restaurants using its Uber Eats platform, saying the company helps to drive business back to the restaurants via marketing and other support.
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The first Trump-Biden debate was a microcosm of how broken American capitalism is

During Tuesday's debate, President Donald Trump kept interrupting former Vice President Joe Biden, something remarked upon by moderator Chris Wallace.
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Palantir is officially a public company — and investors are bidding up shares in the money-losing, 17-year-old data mining business

Shares of the big data company Palantir began trading on Wednesday via a direct listing. The New York Stock Exchange established a reference price of $US7.25 per share, valuing the company at about $US16 billion ahead of its official debut.
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How to tell if you're experiencing hearing loss and what you can do about it, according to an expert

You may not have realised it, but you could have some degree of hearing loss. Hearing usually deteriorates slowly over time, and the signs that you're having trouble hearing can manifest in subtle ways.

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