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Daily Archives: April 17, 2020

‘Every measure’: New plan to protect Sydney water supplies

The aim is to ensure a “net gain” for the city’s water supply by requiring miners more than compensate for any loss. Loading Underground mining typically results in subsidence as rocks collapse into the void created by the extraction of coal. Resulting cracks can potentially reach the surface, draining creeks …

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How anti-competitive action can help fight virus war

Loading Yet this type of “co-operation” is what the competition watchdog is temporarily allowing across large and concentrated markets in response to the COVID-19 pandemic. As well as banks, oligopolies including telecommunications, supermarkets, insurance and gas and electricity have all received permission from the regulator to temporarily co-operate in some …

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New players circle ailing Virgin

Loading Over the years private equity operators have been described as barbarians at the gate, vultures and corporate raiders. They buy distressed assets, slash costs and restructure businesses to bring them back to profitability before returning them to the market, hopefully at a huge profit. Some of their biggest successes …

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NAB’s McEwan warns ‘reshape’ will cost jobs

National Australia Bank chief executive Ross McEwan has told staff more restructures could be needed as he seeks to “reshape” the business, but the bank would “fight” to keep jobs in the face of the pandemic shock. In a note to the bank’s 34,000 staff on Friday afternoon, Mr McEwan …

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Rio Tinto says China demand ‘recovering’ but world outlook uncertain

Minng giant Rio Tinto says demand for Australia’s top export, iron ore, has remained resilient so far even as the outbreak of the deadly coronavirus pandemic crippled industrial activity across much of China. Rio Tinto, the world’s largest iron ore miner, said it shipped 72.9 million tonnes of the steelmaking …

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ASX rally resumes on hopes for an end to virus shutdowns

Australian shares posted strong gains to end the week, supported by US President Donald Trump’s plan to restart the US economy along with speculation over a potential treatment to successfully combat the coronavirus. Having been up more than 2.5 per cent at one point in early trade, the local market’s …

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ACTU says government faces $800m bill for Virgin workers

ACTU president Michele O’Neil said the government had to decide whether to use taxpayers’ money to pay workers’ entitlements or use it to save jobs and “potentially acquire an asset for the nation”. “This is a situation that no one wanted but the reality is stark,” she said. The union …

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WA property industry concerned about Quigley’s ‘hammer’

A second bill introduced late on Thursday by Attorney General John Quigley would give pandemic-affected tenants the ability to break their leases at no cost — a power rejected at the federal level. In parliament, Mr Quigley described the second bill as a “hammer” that would only become a law …

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Apple, Google technology a safer bet for Canberra’s COVID-19 app

“The Google and Apple method is completely decentralised. The only security issues appear when a person [with a positive diagnosis] decides to upload their information. And even then they’re not huge,” he says. “It’s better designed and far more likely to produce the results they’re hoping for.” Though the Attorney-General …

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Cutting the cord with Dyson’s $699 hair straightener

Those flexible plates also mean you can apply less force to keep everything together, which is good because force is another thing that can cause damage. But since we don’t all have professional hair stylists at home, I’ve been testing the Corrale to see if I can get the same …

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