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10 things you need to know this morning in Australia

Sunday 6 September 2020

Business Outsider

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Zip has joined the ranks of the most valuable companies in Australia, as it plans to become 'a true global powerhouse'

Zip has become one of Australia's largest 200 publicly traded companies on the back of aggressive growth. It comes on the back of a major deal struck with eBay as well as an expansion into the US via its acquisition of QuadPay.
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Virgin Australia will fly again after stakeholders accepted a survival plan months in the making

Creditors, owed $6.8 billion by Virgin Australia, have agreed to a deal which will see Virgin Australia 2.0 take to the skies. They approved the deal by US Bain Capital to relaunch Virgin as a budget airline, agreeing to receive cents on the dollar in doing so.
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Scott Morrison's plan to reopen state borders by Christmas has been quashed after National Cabinet failed to agree on a definition of 'hotspot'

Prime Minister Scott Morrison has come up short in his attempts to get all of the states and territories to agree on a plan that would allow the country's borders to open by Christmas.
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David Jones and Country Road are the latest retailers to admit to underpaying staff

Upmarket department store David Jones and the Country Road Group have emerged as the latest major retailers to have underpaid staff, with the companies owing a total of $3.7 million to more than 7000 staff members.
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Is 6pm too early for dinner? Here's how COVID changed our daily timetable, according to Uber

Uber Australia unveiled its first Movement Index, highlighting the changing patterns of behaviour across Uber rides and Uber Eats orders. It found that during the height of the coronavirus restrictions, commute times shifted earlier.
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'Charities that rely strictly on cash will face a decline in donations': How charity fundraising is changing thanks to Australia going cashless during COVID-19

The use of cash has been steadily declining across Australia, according to the CEO of the Royal Australian Mint. Charities have been seeing a decline in cash donations as well, and have been offering various options for people to donate.
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Former defence secretary says Trump's word and actions 'on the record' corroborates Atlantic report of him belittling American veterans

Former Defence Secretary Chuck Hagel said that The Atlantic's report that President Donald Trump belittled US veterans "will resonate" with American soldiers because the president has a history "on the record" saying words that add credibility to the story.
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Novak Djokovic is out of the U.S. Open after hitting a line judge with a ball

Novak Djokovic defaulted out of the U.S. Open after hitting a line judge with a ball. Djokovic lost a game, when he hit a ball back to the judge, hitting her in the face neck area, as she collapsed to the ground. It did not appear intentional.
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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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