Disney’s profit plunged 91% last quarter as the coronavirus shut down most of its business

Disney’s profit plunged 91% last quarter as the coronavirus shut down most of its...

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Disney's profit plunged 91% last quarter as the coronavirus shut down most of its business
AFP investigates early-access super fraud

AFP investigates early-access super fraud

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The ATO said its online systems have not been compromised.“The matter is currently under investigation by the AFP and for operational reasons we are unable to comment further at this stage."Close monitoringThe ATO also released a separate note to tax practitioners on Wednesday warning them that using customers credentials to log into the MyGov system…

World shares subdued amid mixed earnings; oil falters – Reuters

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Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets.
Sydney landlord names and shames tenants seeking rent relief

Sydney landlord names and shames tenants seeking rent relief

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ExclusiveMay 6, 2020 – 8.33pmSydney property investment group Kingsmede has put a blowtorch to already strained relations between landlords and tenants, after calling out the "offensive behaviour" of large corporate tenants seeking rent waivers because of the coronavirus-led economic downturn.In a paper written in response to the new commercial code of conduct for commercial tenancies,…
Five hurt in Qld mine explosion

Five hurt in Qld mine explosion

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May 6, 2020 – 7.05pmFive miners were left seriously injured after a gas explosion at Anglo American's Grosvenor underground coal mine in Central Queensland on Wednesday.The disaster puts more pressure on the Queensland government and the state's multi-billion dollar mining sector given the state's terrible track record when it comes to mine safety.Anglo American was…
CBA’s pandemic hit tipped to top big four

CBA’s pandemic hit tipped to top big four

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May 6, 2020 – 7.00pmCommonwealth Bank of Australia is widely expected to break with tradition and provide guidance on the expected cost of rising bad and doubtful debts as a result of COVID-19 in a keenly awaited third-quarter update next Wednesday.Some analysts expect Australia’s biggest bank to announce a bigger provision in dollar terms than…
Asian shares gain on ‘risk-friendly’ yuan fixing, oil falters – Reuters

Asian shares gain on ‘risk-friendly’ yuan fixing, oil falters – Reuters

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Global stocks and crude prices were set to extend gains in Asia on Wednesday on confidence that government steps to restart economies will bring back growth and demand for oil.
Big bank wealth spin-offs still ‘years away’, says Rich Lister

Big bank wealth spin-offs still ‘years away’, says Rich Lister

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May 6, 2020 – 6.11pmNetwealth founder and billionaire Michael Heine is unfazed by the threat from rival wealth platforms because he says the major banks will continue to bleed funds and any corporate spin-offs are still "at least three years away".On Monday, Westpac told shareholders  it is investigating whether its wealth management and superannuation operations,…
Insurance watchdog finds 230pc leap in code breaches

Insurance watchdog finds 230pc leap in code breaches

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May 6, 2020 – 5.49pmTreasurer Josh Frydenberg has been urged to ignore pleas from Australia’s insurance sector to delay laws recommended by the Hayne royal commission after the industry’s code of practice watchdog found breaches of the rules jumped more than 200 per cent over the year.The General Insurance Code Governance Committee report, released quietly…
NASA confirms that it is working with Tom Cruise to make a movie shot in space – Business Insider

NASA confirms that it is working with Tom Cruise to make a movie shot...

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Last year, NASA outlined plans that would allow "private" or independent astronauts access to the International Space Station's facilities — for a fee.