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10 things you need to know this morning in Australia

Thursday 22 October 2020

Business Outsider

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Westpac has sold its stake in Zip for $367 million, one day after announcing a partnership with rival Afterpay

Westpac has decided to sell its 55.2 million shares in buy now, pay later platform Zip. The bank bought into Zip originally in 2017, increasing its stake to almost $50 million last year, before selling for $367 million.
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Australia's next neobank, Douugh, says other players in the sector are 'struggling' thanks to their broken business model

What could soon be Australia's newest neobank, Douugh, has launched on the ASX. The fintech company is set to launch its 'financial wellness' app early next year to help Austalians manage their money.
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Virgin Australia will be handing out credits for cancelled flights until 2023 – here's how they work

Virgin Australia is handing out travel credits to customers for cancelled flights. The credits, however, only apply to bookings made on or before April 20 this year which were later cancelled.
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Quibi's content failed to hook viewers and convince them to pay. Insiders said Jeffrey Katzenberg had close control of many programming decisions.

Quibi, the mobile-video startup that raised $US1.75 billion from backers like Alibaba Group, JPMorgan Chase, and Disney, is folding six months after debuting its subscription service.
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Facebook's much-hyped 'Supreme Court' that can overrule even CEO Mark Zuckerberg finally launched, but says it won't judge any content about the election

Facebook's oversight board - a pseudo-independent group sometimes called Facebook's "Supreme Court" that can review and overrule the company's decisions to remove posts - announced its launch Thursday.
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418 pages of Ghislaine Maxwell testimony shows her dodging loads of questions about Jeffrey Epstein, Prince Andrew, Bill Clinton, and more. Here are the highlights.

An appeals court in New York released a previously sealed 2016 deposition from Ghislaine Maxwell on Thursday. During much of the interview, Maxwell was asked questions about her relationship with Jeffrey Epstein.
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A British man spent over 1,000 hours transforming a jet engine into a camper trailer for family road trips. Take a look inside.

Steve Jones, a stay-at-home dad from Lancashire, England, converted an engine from a decommissioned VC10 jet plane into a camper trailer for family road trips.
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5 science-backed benefits of fasting, and how to fast safely and effectively

The benefits of fasting can include reducing inflammation, boosting cognitive functioning, regulating blood sugar levels, improving heart health, and helping with weight loss.
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How captions have evolved beyond TV to help students and people in the workforce

For Australians living with a hearing impairment, captions are crucial to everyday life. And while captions have been commonplace on TV for decades, it's been a slower process introducing them to other platforms outside of regular broadcasting.

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