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10 things you need to know this morning in Australia Hello team.

China has banned Australian coal in a huge escalation of the trade war, state media reports China has lifted restrictions on coal from all nations except Australia in the latest attack on the country's exports. The Global Times, a state media outlet, quoted an economic advisor who said that "the relationship between China and Australia has been deteriorating and Australia is gradually losing the Chinese market".

Australia has slammed China's coal ban as 'unacceptable' and a breach of the free trade agreement between the countries The Morrison government has issued its strongest censure of China yet after it reportedly banned Australian coal. Responding on Tuesday, Trade Minister Simon Birmingham suggested it was a breach of trade rules and urged the Chinese government to pick up the phone.

The ACCC is taking court action against the owner of Michel's Patisserie, Donut King and Gloria Jeans for misleading franchisees The competition watchdog has taken court action against the owner of the Michel's Patisserie, Donut King and Gloria Jeans chains alleging it misled franchisees into believing the stores they bought were viable businesses.

The Commonwealth Bank's Dollarmites school program targeted 'vulnerable' children as customers without actually educating them, an ASIC investigation finds Financial regulator ASIC has released its final review of bank-run school programs, finding they were largely "customer acquisition" channels and provided little actual value to school kids.

The ACCC is taking court action against the owner of Michel's Patisserie, Donut King and Gloria Jeans for misleading franchisees The competition watchdog has taken court action against the owner of the Michel's Patisserie, Donut King and Gloria Jeans chains alleging it misled franchisees into believing the stores they bought were viable businesses.

Airbnb and DoorDash's post-IPO stock pops represent an 'epic level of incompetency,' says a former banker who led one of the world's largest IPOs ever Imran Khan told CNBC on Tuesday that the recent post-IPO stock pops including those of Airbnb and DoorDash represent an "epic level of incompetency" from the bankers who underwrote the stocks.

McConnell reportedly begged Senate colleagues in a leaked call not to block Congress from recognising Biden as president-elect Senate Majority Leader Mitch McConnell asked his Senate colleagues in a leaked call not to stop Congress from officially recognising Joe Biden as the president-elect next month, Politico reported.

Tesla's software is years ahead of the competition, giving it a huge advantage over legacy automakers, prominent VC says Tesla has a huge software advantage over legacy automakers that will bring in billions in deferred revenue in coming years, according to a Tuesday report from Loup Ventures' Gene Munster.

5 enterprise tech execs discuss remote work, new cybersecurity threats, and why Asia was first to multi-cloud Business Insider selected the top 10 people transforming enterprise tech in the North America, Europe, and Asia Pacific regions. Okta chief product officer Diya Jolly, Cloudflare COO Michelle Zatlyn, Appier COO Winnie Lee, Quantexa CEO Vishal Marria, and Red Points CEO Laura Urquizu gathered together for a virtual roundtable.

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