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10 things you need to know this morning in Australia Morning all, and TGIF.

Australia's borders are likely to stay closed 'well into next year' Trade Minister Simon Birmingham has conceded Australia's international borders aren't reopening anytime soon, Finance Minister Simon Birmingham conceded in an appearance on Sky News on Thursday.

New COVID-19 restrictions have been announced for the greater Sydney area, as a second locally transmitted case is reported New restrictions will come into effect from 5pm this evening for residents of greater Sydney as NSW Premier Gladys Berejiklian confirmed one new locally transmitted case of COVID-19 in the state overnight.

The property lobby is cheering Sydney's return to the office – but it looks like most workers are sticking to three days a week The latest occupancy data published on Thursday shows Sydney CBD offices became significantly more full in April. The harbourside city however still hasn't hit 60% occupancy levels yet, while Melbourne has only just surpassed 40%.

China has shut down a diplomatic channel with Australia, accusing government ministers of waging a 'cold war' China has accused Australia of having a "Cold War mindset", as it indefinitely suspends the China-Australia Strategic Economic Dialogue.

Sydney and Melbourne unis consider devastating course cuts as the pandemic halves new international enrolment Major Sydney and Melbourne universities have indicated they are eyeing further cuts to subjects and employees, as the effects of the pandemic and border closures continue to devastate the sector.

Goldman Sachs is offering bitcoin derivatives to investors as it expands its offerings in the $1 trillion market The bank will hedge with CME futures using Cumberland DRW as its trading partner, Bloomberg Law reported.

Twitter will let you give someone money as a 'tip' for their tweets Twitter is testing out a new feature that will let users give and receive money through a "Tip Jar," the social media site said on Thursday.

6 affordable face mask options, now that wearing one in the Greater Sydney area is mandatory Wearing a face mask or face covering will help lower the chance of transmitting COVID-19. Wearing a mask will be mandatory on public transport and in public indoor venues within the Greater Sydney area, as of 5pm, May 6.

Why 99% of CFOs say real-time data could be the key to weathering a COVID-influenced recession Despite over a year's worth of economic uncertainty, a recent study found that 7% of organisations have nearly doubled the efficiency and tripled their profit margins, as opposed to 93% of businesses that have remained comparitively stagnant.

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