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10 things you need to know this morning in Australia

Wednesday 10 March 2021

Business Outsider

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Business insolvencies are rising sharply as Australia nears a fiscal cliff that could 'destabilise' the local economy

Australia is bracing for the end of JobKeeper and JobSeeker as business insolvencies begin to rise by more than 60%. With JobKeeper to end in three weeks and business debts up to $1 million needing to be sorted by the end of the month, CreditorWatch has warned Australia is in for an economic whack.
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PayPal will offer its own buy now, pay later product in Australia – putting the US giant directly in competition with Afterpay on its home turf

PayPal has signalled it will launch its 'Pay in 4' instalment product in Australia in June. The product will offer a buy now, pay later option to its nine million local customers on eligible transactions between $50 and $1500.
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The NSW Treasurer thinks more flight spots should go to international students, as the state's uni sector continues to struggle

The NSW Treasurer wants to prioritise international students on the limited flights to Sydney, under a new proposal reported by the ABC. Education is Australia's fourth-largest export market, and NSW is particularly exposed to the coronavirus downturn.
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Seek job listings are up 12.4% on pre-pandemic levels, with hospitality, trades, and healthcare leading the employment charge

The number of Seek job listings was 12.4% higher in February 2021 than a year prior, suggesting some renewed confidence in the jobs market. Job listings grew 4.1% month-on-month, making February the fourth consecutive month of positive growth.
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An Instagram post about Black influencers in the US being paid less went viral. Australians in the industry say the same thing happens here.

Australians working in the influencer industry say that Black, Indigenous and people of colour (BIPOC) are paid less than their white counterparts. This follows an Instagram post about racism experienced by their international counterparts went viral in February.
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'We want to be Patagonia, not Airbnb': Unyoked is an Aussie cabin hire company that wants you to treat escaping into nature like going to the gym

Wilderness experience company Unyoked has been at over 90% capacity at its cabins since it launched about three years ago. The company says it is on a mission to make escaping to nature as regular a part of people's routines as going to the gym.
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New data suggests GameStop's latest surge is being driven by institutions rather than retail traders

GameStop shares have climbed again, but a slowdown in purchases by retail investors indicates Reddit may not be leading the charge this time.
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Eye-popping stats about Roblox, the wildly popular game platform that spiked 15% in its public-trading debut

As of September, Roblox's gaming platform had more than 30 million daily active users flocking to its more than 18 million games.
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For $49 per month, this subscription service gives members access to some of the best whiskies from around the world

Whisk(e)y is continuing to grow in popularity around the world. The biggest hurdle enthusiasts often face is the price of purchasing bottles of the liquor, making it difficult to sample and understand the flavours of different countries and regions.

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