10 things you need to know this morning in Australia

Morning gang.

Gina Rinehart has topped the 2020 AFR Rich List, with a net worth of $28.89 billion. Here's who rounded out the top 10.

Mining magnate Gina Rinehart is the wealthiest person in the country, valued at $28.89 billion, according to the AFR's Rich List. She's joined by second-placed Andrew 'Twiggy' Forrest, with a net worth of $23 billion.

The boom in sales and e-commerce during the pandemic has led to big gains for some retail bosses in this year's AFR Rich List

Some retailers benefited from the boom in sales and e-commerce amid the coronavirus pandemic, according to tomorrow's AFR Rich List. Ruslan Kogan, founder and CEO of Kogan, saw his net wealth rise to $575 million, putting him back on the Rich List after falling off last year's edition.

Australia's ultra-rich largely got richer this year – except for these few unfortunate souls

Australia's 200 most rich and powerful managed to accummulate 24% more wealth this year, according to the AFR Rich List. However, while there's now a record 104 Australian billionaires, some didn't fare so well.

The RBA has released the new $100 note with security features to protect against counterfeiting. Here's what it looks like.

The Reserve Bank of Australia has released a new $100 bank note into circulation. It still features iconic Melbourne figures Sir John Monash and Dame Nellie Melba but now has new security features.

ANZ has set aside another $2 billion for the coronavirus fallout as more than 60,000 mortgage deferrals hang in the balance

ANZ's full-year profit took a 42% hit, falling to $3.76 billion the bank announced on Thursday. The biggest factor came in the $2 billion the bank put aside in impairment costs to brace for the full impact of the coronavirus pandemic.

Qantas is launching an overnight trip to Uluru after its non-stop flight sold out in 10 minutes

Qantas is launching a new series of flights to top Aussie destinations following the success of its 7-hour 'flight to nowhere'. The first destination in the series is an overnight trip from Sydney to Uluru.

The Big 4 tech companies — Amazon, Apple, Facebook, and Google — blew past Wall Street estimates in their latest-quarter earnings reports

Apple, Alphabet, Amazon, and Facebook reported their third-quarter earnings on Thursday. These four, along with Microsoft, are the five most valuable publicly traded companies on the S&P 500.

US coronavirus cases are the highest they have ever been — but the fall-winter surge is just beginning

The US's weekly average of new coronavirus cases reached an all-time high this week: nearly 72,000 daily infections. The nation reported its highest-ever daily tally, nearly 84,000 cases, on Friday.

Struggling to manage your money? You may need financial therapy.

Financial therapy is a practice that looks at our relationship with money and the psychological, behavioural or cognitive beliefs we have around it.

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10 things you need to know this morning in Australia

Hello folks.

'I was wrong': One of Afterpay's biggest critics has admitted his prediction the company would be outflanked missed the mark

One of the fiercest critics of 'Big Tech', author and academic Scott Galloway, has admitted his bearish call on Afterpay was wrong and warned that America's internet giants are poised to consolidate power following the coronavirus pandemic.

Online sales skyrocketed 73% at Coles during the first quarter of the financial year, due in part to Victoria's lockdown

Coles released its first quarter 2021 results, reporting a group sales revenue of $9.5 billion. The company also reported a rise in online supermarket sales, which lifted 73%.

Australia's defence forces have spent $50 million on sexual abuse claims in the past three years

In three years, Australia's defence forces have spent a combined $50 million on settled, withdrawn and denied sexual abuse claims. A Defence spokesperson said the institution is taking steps to prevent sexual misconduct in the future, and to support victims to report it and seek help.

'It's really magical when you give kids opportunity to make their own decisions': Finance app Spriggy helps parents manage their kids' money in a cashless world

Family finance app Spriggy has amassed more than 430,000 users as it enables Australian parents to teach their kids about money. The platform provides kids with prepaid cards, which parents retain total control over.

ETFs are an easy way to get started on the share market and diversify your investments quickly. Here's how they work.

ETFs or exchange-traded funds are a useful tool to diversify your investments. ETFs are essentially a basket of different investments bundled together and traded on the stock market.

New South Wales is rolling out new rules intended to crack down on unruly Airbnb guests. Here's what's changing.

New South Wales is rolling out new regulations for the short-term rental sector. Under the laws, guests can't make noise that affects neighbours and complaints can be made to Fair Trading.

One of the world's most popular YouTubers announced he's dating an Australian influencer. What happened next shows how relationships can be big business for content creators.

Since YouTuber Ethan Dolan (of the Dolan Twins) announced he was dating Kristina Alice, the Australian influencer's Instagram following has skyrocketed.

Dow craters 943 points in worst day since June as virus spike spurs new lockdowns

US stocks cratered on Wednesday after a continued spike in COVID-19 cases prompted a new round of lockdowns in Europe. A 40% surge in COVID-19-related deaths in Europe over the past week spurred Germany and France to announce new restrictions on movement within the countries. Bars, restaurants, and gyms in Germany and France will close while schools and nurseries remain open.

'We literally had to create a virtual program out of necessity within 48 hours': How this youth outreach program had to promptly shift to online support groups to continue helping young Australians

Since 1985, Youth Insearch has helped over 30,000 young people to rebuild their lives and currently assists around 1,000 young people per year across NSW, VIC & QLD.

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