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10 things you need to know this morning in Australia

Thursday 14 January 2021

Business Outsider

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Australians have amassed $200 billion in pandemic savings – and the government wants them to spend big as it slashes support

Australians have stockpiled around $200 billion in savings during the pandemic, anticipating a worse economic crisis. The money, largely accrued from record government spending measures, will help stimulate the real economy as programs such as JobKeeper and JobSeeker are wound back, Treasurer Josh Frydenberg said.
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42% of Australian millennials are planning to find a new job this year, according to new data from LinkedIn

Gen Y are the the biggest "job switchers" compared to the average Australian, according to new LinkedIn research. 42% of Gen Yers - people aged between 23 and 35 - plan to look for a new job in 2021.
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Qantas boss Alan Joyce predicts Virgin and Rex won't both survive the post-pandemic battle for the skies

Qantas boss Alan Joyce says Australia still only has room for two major airline groups and it is unlikely both Virgin Australia and new rival Regional Express (Rex) will survive the post-pandemic aviation dogfight.
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Bitcoin fever is back. Here are the Aussie exchanges where you can trade cryptocurrencies.

As the price of Bitcoin hovers just below $50,000, Australians are looking to trade cryptocurrencies again. There are a number of Australian exchanges as well as global ones that allow users to buy, sell and hold digital assets.
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A startup founded by ex-Apple employees will be acquired by Qualcomm for $1.4 billion

Qualcomm will pay $US1.4 billion for the two-year-old startup, Nuvia. Nuvia chips will be incorporated across Qualcomm's products including smartphones and next-generation laptops.
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Barring Trump from Twitter sets a 'dangerous' precedent, Twitter CEO Jack Dorsey says

On Friday, Twitter permanently suspended President Donald Trump. But Twitter CEO Jack Dorsey said in a series of tweets on Wednesday that it "sets a precedent I feel is dangerous."
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Joe Biden unveils a $1.9 trillion stimulus plan with $1,400 direct payments and federal unemployment benefits

Biden unveiled his $US1.9 trillion stimulus plan on Thursday. It contained a $US1,400 boost to stimulus checks, robust state and local aid, as well as vaccine distribution funds.
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Trump moped alone in 'self-pity mode' at the White House residence as he was impeached for the 2nd time, reports say

President Donald Trump was isolated and despondent at the White House residence on Wednesday as the House voted to impeach him for the second time, reports said.
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The financial benefits you can claim by making simple sustainable choices in your everyday life

In the latest instalment of The Finance Glow Up, a free online seminar made in partnership with financial provider CUA, two-time podcast host and Toni May creative director Laura Byrne discussed sustainability with CUA money expert Emmanuel Davatzis. During this seminar, they spoke about the choices and changes that you, as an individual, can make to help create a more sustainable future.

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