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Daily Archives: April 9, 2020

‘Jet bubble’ fears: Airbus plane cuts may not be enough

“We have too many planes,” said Avitas senior vice-president Adam Pilarski, who has long warned of a jet market bubble – though nothing on the scale of the meltdown in air travel seen since quarantines rippled across the globe last month. Loading Airlines are warning of $US252 billion ($398 billion) …

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Asia’s tycoons are seeking bargains after the coronavirus market rout

The junior Li, now chairman of CK Hutchison Holdings, CK Asset Holdings and CK Infrastructure Holdings, told analysts on March 19 that the group’s cash flow and balance sheet are strong and the impact of the virus offers “opportunities to look at new acquisitions.” He didn’t elaborate. Biggest test For …

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As it happened: More than 1.4 million COVID-19 cases worldwide, Andrews tips ‘long haul’ for state

Thanks for following along on another day of developments, here are some of the major developments as we head into the Easter long weekend: We will be back tomorrow with more live coverage of this ongoing story but before I go here is a detailed explainer from Dr Jen Gunter …

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A bleak Easter in the bluestone churches of Victoria’s oldest town

“The Sunday services didn’t stop for world wars or even the 1919 Spanish flu pandemic or the polio epidemic in 1937.” The current coronavirus pandemic, however, has closed the doors of every place of worship in Australia on the instructions last month of federal and state governments. Among other historic …

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Animal Crossing is the perfect antidote to a life indoors

When you first arrive on the deserted island there isn’t a whole lot to do other than clean up branches and weeds on the small patch of land you have access to, catch fish and chill out. But every day that argyle-vest-wearing business racoon Tom Nook will introduce new elements …

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Pandemic could push half a billion into poverty: report

Hoy estimates a 10 per cent contraction in income per person in Indonesia would increase the share of people in extreme poverty by 50 per cent, while a 20 per cent contraction in income per person would more than double the share of people in extreme poverty. A motorcycle delivery …

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Latest Vive VR set is slick but vexing

HTC’s original Vive headset was a groundbreaking product that helped shape virtual reality as we know it today. Shipping with motion controllers for hand tracking and room scale for player movement, the Vive set a high bar for consumer VR that left rivals playing catch-up. But a lot has changed …

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HT&E splashes $15m on stake in outdoor advertiser oOh!media

OOh!media told the market earlier today it had not had any correspondence with HT&E, which owns KIIS FM and Gold FM, in relation to the shareholding. According to industry sources, HT&E’s shares had been acquired before a $167 million capital raise two weeks ago. Loading HT&E remains in a lengthy …

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Bank dividend cuts were inevitable, with or without APRA’s direction

While the banks may have had no other realistic choice but to support their customers if they wanted to emerge from this episode with customers, the effect of their actions is to put a significant hole of uncertain dimensions in their earnings and capital bases as they effectively subsidise large …

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Australian regulators delay Louis Vuitton’s $26 billion Tiffany acquisition

On March 30, Treasurer Josh Frydenberg announced the takeover threshold for FIRB scrutiny would be slashed from $1.2 billion to zero to ensure any overseas bid could be blocked at his discretion after scrutiny by federal officials. Loading The move came after concern Chinese companies had been buying large volumes …

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