Bizarre legal fight over for developer and Clive Palmer’s PR man

Bizarre legal fight over for developer and Clive Palmer’s PR man

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Oct 1, 2020 – 3.07pmThe six-year legal battle against millionaire Queensland developer Tony Smith and Clive Palmer's media spokesman Andrew Crook has been abandoned by the Director of Public Prosecutions, which dropped fraud and other charges against the pair.Mr Smith, the Gold Coast tourism entrepreneur who founded BreakFree resorts but whose main business interests are…
Japan’s Tokyo Stock Exchange halts trading because of a technical glitch – CNN

Japan’s Tokyo Stock Exchange halts trading because of a technical glitch – CNN

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Japan's Tokyo Stock Exchange has halted trading for all of Thursday because of a technical glitch.
Trump emergency order opens Australian mining to US state investment

Trump emergency order opens Australian mining to US state investment

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Updated Oct 1, 2020 – 3.01pm, first published at 12.53pmWashington | Donald Trump has triggered rarely-used emergency government powers to allow direct state investments in critical minerals projects on Australian soil as part of a global push to eliminate American industry's reliance on Chinese suppliers.In a dramatic move that industry figures likened to Mr Trump…
Peter Gregg acquitted of Leighton convictions

Peter Gregg acquitted of Leighton convictions

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However, the Court of Criminal Appeal has found that the verdicts on both counts against Mr Gregg were unreasonable.The appeals court said that the lack of evidence about the intention and knowledge of Asian Global in entering into the agreement "meant there was a reasonable doubt that the agreement was a sham".It also found that…
Silent COVID-19 reinfections have researchers worried

Silent COVID-19 reinfections have researchers worried

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Oct 1, 2020 – 1.42pmJust as your first infection with the COVID-19 virus can go unnoticed, so can a reinfection, according to a case study of hospital workers in north India.In a letter to the journal Clinical Infectious Diseases, published by Oxford University Press, the case study reports on two young staff members at a…
A judge has approved an $800 million settlement for victims of the Las Vegas shooting – CNN

A judge has approved an $800 million settlement for victims of the Las Vegas...

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A judge approved a $800 million settlement on Wednesday for victims of the Las Vegas mass shooting, which is considered the deadliest mass shooting in modern US history.
Crown director defends withholding Melco sale details from board

Crown director defends withholding Melco sale details from board

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Oct 1, 2020 – 12.40pmCrown Resorts director John Poynton, who had prior knowledge of a decision to sell a large stake in the company to Macau-based casino operator Melco Resorts, has claimed he would withhold that information from the rest of the board again if he had his time over, an inquiry heard on Thursday.The…
Picking winners needs super funds to work

Picking winners needs super funds to work

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Oct 1, 2020 – 12.41pmBill Ferris, the veteran venture capitalist and handpicked innovation czar for the government under Malcolm Turnbull, has a blunt message for the government if it really wants its latest initiative in picking advanced manufacturing winners to work as a post-COVID-19 stimulus measure.They will have to learn to work with instead of…
American Airlines begins furloughs, will reverse layoffs with govt aid – Business Insider

American Airlines begins furloughs, will reverse layoffs with govt aid – Business Insider

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The federal Payroll Support Program under the CARES Act passed by Congress in March expires on October 1, pushing the airline company to layoffs.
Vanguard pulls pin on managing money for super funds

Vanguard pulls pin on managing money for super funds

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The company has been described as the "Amazon of financial services" due to its disruption of traditional players on Wall Street and in financial services markets around the globe.Observers had speculated that its second attempt at cracking the APRA-regulated superannuation market would spell trouble for industry super funds and trading platforms.However, critics pointed to potential…