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10 things you need to know this morning in Australia

Monday 2 November 2020

Business Outsider

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Christine Holgate has resigned as Australia Post CEO as the luxury watch investigation continues

Australia Post CEO Christine Holgate has resigned on Monday after becoming the target of an investigation into company spending. "The current issue I am managing is a significant distraction and I do not believe it is good for either Australia Post or my own personal wellbeing," Holgate said.
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Climate change inaction will cost Australia $3.4 trillion and 880,000 jobs over the next 50 years, according to a new report from Deloitte

Deloitte has released a new report into the economic impact Australia faces if there is insufficient action to prevent climate change. If left unchecked, climate change could cost $3.4 trillion in losses to Australia's economy by 2070.
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Westpac is bracing for a $6.2 billion impact from bad loans next year, despite a fall in the number of mortgage deferrals

Westpac released its full-year results on Monday, revealing bank profits took a $4.2 billion hit. It comes after settling its AUSTRAC investigation at a cost of more than $1.3 billion and bracing for the full impact of the coronavirus.
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TikTok is planning to hire 100 new staff in Australia by the end of the year

Viral short form video platform TikTok is pushing ahead with plans to hire 100 new staff in Australia by the end of the year despite heightened geopolitical tensions and government concerns about its links to the Chinese Communist Party.
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Influencers are paid less per post in Australia than in many other countries, according to a new report

Australian influencers are earning less per post than creators in other countries, according to survey data from influencer marketing platform Klear. The average going rate for a collaboration with an Australian influencer is US$341, far behind the $507 commanded by a UK influencer.
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How to know if a presidential candidate claiming victory has actually won the election

For months, President Donald Trump has been casting doubt on the integrity of the 2020 election and is even setting the stage to prematurely declare victory on election night, Axios reported on Sunday night.
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Apple is holding another big event next week where it could unveil the first MacBook powered by its new chip

Apple announced on Monday that it will hold a special event on November 10. Analysts expect the company to unveil the first Mac product powered by its new Apple silicon chip.
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For up to $15,000 you can stay at these Australian luxury 'ultravillas' – which include your own butler

Luxico, an Australian luxury home-hotel business, has launched a new all-inclusive holiday experience. The 'Ultravilla' experience includes stays at private five-star villas, with guests treated to a fully stocked fridge and a personal butler.
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Should you join the FIRE movement? Here's what's involved in the intense saving lifestyle

FIRE stands for Financial Independence, Retire Early. The movement involves a lifestyle of investing, living frugally and serious saving to then be able to retire at an early stage in life.

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