Need to know: Friday

Need to know: Friday

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Apr 17, 2020 – 7.45pmThe Australian Financial Review has a daily newsletter about how the coronavirus pandemic is changing markets, business and politics. This pandemic will profoundly change how all Australians live their lives and reshape the modern, globalised world.To receive the Need to know newsletter in your inbox, please sign up here.PM favours tax…
PM favours tax cuts not increases

PM favours tax cuts not increases

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Apr 17, 2020 – 7.00pmThe federal government will resist increasing taxes to help the economic recovery from the coronavirus and focus instead on tax incentives to drive business investment, a paring back of environmental approvals, and an overhaul of industrial relations.Warning that tax increases would stymie growth and, hence, the economic recovery, Prime Minister Scott…
Stocks jump despite record slump for Chinese GDP – business live – The Guardian

Stocks jump despite record slump for Chinese GDP – business live – The Guardian

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Rolling coverage of the latest economic and financial news as the Chinese economy contracted for the first time on record following the Covid-19 outbreak
Australia adopts ‘sentinel testing’ regime to beat coronavirus

Australia adopts ‘sentinel testing’ regime to beat coronavirus

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Apr 17, 2020 – 6.25pmAustralia's coronavirus testing regime will be adapted to include community surveillance strategies used to track serious influenza, broadening the sample and trying to spot outbreaks ahead of time.Sentinel testing, also known as surveillance testing, is already being used in countries fighting COVID-19 overseas, and is done when it is not possible…
Michael Cohen is reportedly getting out of prison early due to COVID-19 – Business Insider

Michael Cohen is reportedly getting out of prison early due to COVID-19 – Business...

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Several inmates and staff at the prison where Cohen is being held have tested positive for COVID-19.
Optus staff to work from home permanently

Optus staff to work from home permanently

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Apr 17, 2020 – 4.58pmTelecoms giant Optus says it will make coronavirus era work-at-home measures a permanent feature of its call centre operations, in a move that could spell the decline of the offshore call centre model.When the lockdown began in mid-March, the Singaporean-owned company rushed to allow call centre staff to work from home,…
COVID-19 Antibody Tests Hit The DFW Market – India Gone Viral

COVID-19 Antibody Tests Hit The DFW Market – India Gone Viral

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There are clinics, labs and some doctor's offices in DFW where you can go and pay for one of these tests that can tell you if you've had COVID-19 in the past and now have the antibodies in your body,
ASX firms in week as US plans to reopen economy

ASX firms in week as US plans to reopen economy

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Apr 17, 2020 – 4.43pmThe ASX topped off a positive week with a gain on Friday, as investors hoped that a treatment for COVID-19 is in sight, the US laid out a path to reopening its economy, and as signs emerged of a tentative rebound in the Chinese economy.The S&P/ASX 200 ended Friday's session with…
States look for stamp duty reforms

States look for stamp duty reforms

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Apr 17, 2020 – 4.16pmNSW and Victoria governments are pushing for abolition of stamp duty and replacement with an annual land tax as part of broad fiscal reforms to fund the economic fall out from the COVID-19 economic shutdown.The bi-partisan push to get federal-state fiscal relations back on the reform table, comes as Prime Minister…
Live updates: China’s economy shrinks for first time in decades; U.S. plots course toward reopening business – The Washington Post

Live updates: China’s economy shrinks for first time in decades; U.S. plots course toward...

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China’s economy shrank at a rate of almost 7 percent in the first three months of the year, officials said Friday, showing how the pandemic has wrought a devastating impact on the world’s second-largest economy.