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10 things you need to know this morning in Australia

Sunday 25 October 2020

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10 things you need to know this morning in Australia

Hello team. Hope you all had restful weekends.
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'We know the upswing will materialise': Qantas is still holding out hope of open borders as domestic travel continues to struggle

Qantas had expected its domestic flights to operate at 60% of pre-COVID capacity by now, but state border closures have seen this level reach below 30%.
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NAB originally thought it had underpaid staff by $850,000. Now it looks more like $128 million.

NAB has issued an update announcing profits are expected to take a $450 million hit. Underpaid staff are one major factor, with the bank expecting it will now need to reimburse them $128 million.
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Australia Post CEO Christine Holgate is standing down while the government investigates a $12,000 luxury watch splurge. Here's how the company got to this point.

Australia Post CEO Christine Holgate has been stood down while a four-week investigation takes place. It comes after revelations that $12,000 of company money was spent on four luxury Cartier watches for employees.
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You can now fly in private jet when you book with Luxury Escapes – but it's not cheap

Aussie travellers can now book a private jet through Luxury Escapes. The travel company teamed up with private jet business Airly to offer the luxury travel option.
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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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Prince Andrew reportedly hopes to consider 'reframing' his royal duties, but it's unlikely that his inactive role will be reevaluated

Prince Andrew resigned from official royal duties as the Duke of York in November 2019 following scrutiny for his friendship with the convicted pedophile Jeffrey Epstein.
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More than 57 million Americans have already voted, suggesting a huge voter turnout for 2020. But it's not clear who that would favour.

More than 57 million Americans have already voted as of Sunday, according to the US Elections Project. The Florida professor who runs the US Elections Project said it suggests a total turnout of 65%, which would be the highest since 1908.
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3 stunning 1950s-era concept cars have hit the market and are expected to rake in up to $20 million at auction

Three beautiful midcentury concept cars are expected to rake in as much as $US20 million at auction later this month. Alfa Romeo commissioned the BAT 5, 7, and 9d as studies in aerodynamic efficiency and revealed them in 1953, 1954, and 1955, respectively.
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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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