Cricket Australia takes steps against Covid-19 contagion

Cricket Australia takes steps against Covid-19 contagion

Cricket Australia has cancelled a South African women's team tour of South Africa in response to the Covid-19 health threat, while it is also monitoring the situation regarding future future international matches. For the Australian men's team, the organisation has taken a leaf out of the Italian Serie A football league's play...

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Sydney Royal Easter Show cancelled

Sydney Royal Easter Show cancelled

Organisers of one of the country's most longstanding events have heeded the government's advice to avoid mass gatherings of 500 people or more. As an event that has been running since 1823 and has never been interrupted since the Spanish Flu pandemic in 1919, the 2020 Sydney Royal Easter Show has been cancelled. The ...

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Coronavirus impacts Ardent Leisure guidance

Coronavirus impacts Ardent Leisure guidance

Dreamworld owner Ardent Leisure (ASX: ARG) has decided to withdraw its FY20 earnings for Main Event, a bowling-based entertainment business operating across 17 states in the US. On 21 February, the company had lifted the revenue forecast for Main Event by half a percentage point to a range of 1.5-2.5 per cent, however uncertainty around C...

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All Australians need to reconsider overseas travel

All Australians need to reconsider overseas travel

The Government's Smart Traveller page has advised all Australians to reconsider the need for any non-essential travel, regardless of their destination, age or health. This represents an upgrade to Level 3 Travel Advice. "This is a global advisory in light of the widespread nature of the COVID-19 outbreak and the signific...

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Government advised to ban mass gatherings

Government advised to ban mass gatherings

The Federal Government has reportedly been advised by the country's chief medical officer that mass gatherings of more than 500 people should be cancelled. The country's leaders are currently considering that advice and a decision is yet to be made regarding a potential ban. If enacted, mass gatherings like sporting events, co...

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iSignthis CEO John Karantzis to lead NSX

iSignthis CEO John Karantzis to lead NSX

Spurned by the ASX with shares suspended from trading for five months now, payment identity verifier iSignthis (ASX: ISX) is taking its relationship with a competing stock exchange to the next level. iSignthis CEO and co-founder John Karantzis is already the CEO of ClearPay, a joint venture with the National Stock Exchange of Au...

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Download Festival Australia cancelled

Download Festival Australia cancelled

Music festival Download has made the decision to cancel the event one week out from the Melbourne leg. The organisers have made the "reluctant" decision to cancel the festival after headliner My Chemical Romance pulled out today. "Given that this announcement has come barely 8 days prior to Download Australia we will no...

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Flight Centre guidance withdrawn, 100 stores to close

Flight Centre guidance withdrawn, 100 stores to close

Flight Centre (ASX: FLT) shares were down 11 per cent at the time of writing after the travel agency suspended guidance due to coronavirus uncertainty. The company had previously forecast underlying profit before tax (PBT) between $240-$300 million. Although total transaction value (TTV) is in line with trends for the half, the virus&...

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Australian Grand Prix cancelled

Australian Grand Prix cancelled

The Australian Grand Prix scheduled to run this weekend in Melbourne will no longer go ahead because of coronavirus concerns. The cancellation of the annual event follows confirmation that a driver from the McLaren Racing Team tested positive for Covid-19 according to a statement issued by F1, the Federation Internationale de l'Automo...

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Apollo and Corporate Travel Management suspend guidance

Apollo and Corporate Travel Management suspend guidance

Apollo Tourism & Leisure (ASX: ATL) and Corporate Travel Management (ASX: CTD) have joined Webjet (ASX: WEB) and Helloworld (ASX: HLO) in suspending profit guidance for FY20, as the coronavirus continues to take its toll on the travel sector. Motorhome company Apollo was previously expecting a similar profit result to its FY...

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Virgin reduces capacity further

Virgin reduces capacity further

Virgin Australia (ASX: VAH) will cut its flight capacity in line with the deterioration of the global travel industry due to the spread of Covid-19. Across the group, domestic capacity will be cut by five per cent for 2H20 which will increase to 6.2 per cent in 1H21. While the airline is primarily an Australian domestic service, the g...

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Primewest has second thoughts on commercial property IPO

Primewest has second thoughts on commercial property IPO

The market turmoil over recent days has led Western Australia-based property fund manager Primwest (ASX:PWG) to defer a $288 million commercial property listing on the ASX.  Primewest has been on a roll since its own $100 million IPO in November, growing assets under management (AUM) by $163 million. Founded by by John Bond,...

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Flight Centre to close 100 stores, travel companies pull guidance

Flight Centre to close 100 stores, travel companies pull guidance

Three ASX-listed travel companies with a combined market capitalisation of $2.72 billion have all pulled their profit guidance today as border and flight restrictions block the possibility of meaningful predictions. The announcements coincided with Flight Centre's (ASX: FLT) decision to close 100 underperforming stores, with plan...

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Brisbane Greek festival cancelled

Brisbane Greek festival cancelled

Brisbane's Paniyiri Greek Festival announced overnight that it has cancelled the 2020 edition of the beloved cultural event scheduled to take place on May 23 and 24. "After close consultation with the World Health Organization, Queensland State Government and Queensland Health, the decision has been made to cancel the 2020 event ...

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Queensland confirms four new cases

Queensland confirms four new cases

Queensland confirms four new cases Four new cases of Covid-19 have been confirmed in Queensland overnight. Speaking to the ABC Queensland Premier Anastacia Palaszczuk said there are now 31 cases in Queensland, four more than confirmed on late Thursday. Palaszczuk says the cases are confined to the south-east corner of the state. ...

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Could domestic focus be Virgin Australia's saving grace?

Could domestic focus be Virgin Australia's saving grace?

Virgin Australia (ASX: VAH) has announced a reduction in flight capacity due to Covid-19, but has emphasised its predominately domestic focus has insulated the airline from some of the broader international impacts. The company has followed Qantas' (ASX: QAN) lead in reducing its international flights, including the exit of flights fr...

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Qantas to back pay millions of dollars to hundreds of staff

Qantas to back pay millions of dollars to hundreds of staff

Listed airline Qantas (ASX: QAN) has signed a Court-Enforceable Undertaking (EU) with the Fair Work Ombudsman (FWO) requiring it to repay staff for entitlements not paid. The EU is the result of an FWO investigation and could see hundreds of staff being back paid millions of dollars. The FWO investigation arose after Qantas self-repor...

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Brisbane Airport numbers fared relatively well in February

Brisbane Airport numbers fared relatively well in February

The impact of a travel ban from China appears to have been less pronounced at Brisbane Airport than in Sydney or Melbourne during February, with the latest numbers showing a 7.7 decrease in international passengers. This compares to a 17 per cent drop for Melbourne Airport and a 16.8 per cent fall in international passengers for Sydn...

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Nine cordons off parts of HQ after Covid-19 case

Nine cordons off parts of HQ after Covid-19 case

Nine has closed off part of its Sydney headquarters in Willoughby after a Today studio guest was diagnosed with Covid-19. The decision was made after it was revealed US actor Rita Wilson, who appeared as a guest earlier this week, had contracted the virus along with her husband Tom Hanks. "Nine today has taken action in line with...

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ATO to provide assistance to business affected by Covid-19

ATO to provide assistance to business affected by Covid-19

The Australian Tax Office (ATO) has announced it will implement administrative measures designed to assist Australians and businesses experiencing financial difficulty as a result of the Covid-19 pandemic. Commissioner of Taxation Chris Jordan says businesses impacted by the coronavirus should contact the ATO to discuss relief options. ...

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Covid-19 travel ban extended

Covid-19 travel ban extended

The Morrison Government has extended its coronavirus travel ban by an extra week following the WHO's classification of Covid-19 as a pandemic. As reported by the ABC, foreign nationals who have been in Italy, South Korea, China or Iran will not be allowed into Australia for 14 days from the time they left those countries. Citizens...

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PM announces business support package

PM announces business support package

The Morrison Government today announced a $17.6 billion economic plan to assist Australian businesses and individuals as Covid-19 hits the economy. Prime Minister Scott Morrison says the economic stimulus package will assist up to 6.5 million Australians and 3.5 million businesses. "Our plan will back Australian households with a...

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Ramsay and Remedy enter JV for home hospital solution

Ramsay and Remedy enter JV for home hospital solution

If the experience with Covid-19 in other countries is anything to go by, the Australian health system is set to be put under serious strain over the coming weeks and months. With the number of cases rising by almost 10-fold every fortnight in the world's hotspots for the novel coronavirus, hospitals are frequently overrun, making tele...

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Tom Hanks contracts Covid-19, Baz Luhrman's film production cancelled

Tom Hanks contracts Covid-19, Baz Luhrman's film production cancelled

Hollywood actor Tom Hanks told the world today that he and his wife Rita Wilson have tested positive for the coronavirus. "We felt a bit tired, like we had colds, and some body aches. Rita had some chills and that came and went. Slight fevers too," he said on Twitter and Instagram. "To play things right, as is needed in...

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US suspends travel from Europe

US suspends travel from Europe

US President Donald Trump has announced a 30-day travel ban from Europe to the United States for foreign nationals, but the BBC reports his "strong but necessary" restrictions will not apply to the UK. "To keep new cases from entering our shores, we will be suspending all travel from Europe to the United States for the...

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NSW cases increase to 77

NSW cases increase to 77

NSW cases increase to 77 NSW chief medical officer Dr Kerry Chant announced this morning the number of Covid-19 cases in the state rose from 65 to 77 overnight. The surge represents 250 per cent growth in the number of cases since March 4. Elsewhere in the state, Southern Cross University has closed its campus in Lismore, as ...

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Melbourne Airport figures show sharp drop in passenger numbers

Melbourne Airport figures show sharp drop in passenger numbers

Melbourne Airport has attributed a 17 per cent drop in international passenger numbers for February to the unprecedented bushfire season and the early stages of the global COVID-19 health emergency. Around 150,000 fewer travellers flew internationally than during the same month of 2019, with the reduction sparked by travel bans put i...

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WHO declares pandemic status for Covid-19

WHO declares pandemic status for Covid-19

The World Health Organisation (WHO) has made the decision to characterise coronavirus Covid-19 as a pandemic. Speaking at a Covid-19 media briefing overnight, WHO director-general Tedros Adhanom Ghebreyesus escalated the seriousness of the new categorisation of the coronavirus. "WHO has been assessing this outbreak around the clo...

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How to manage revenue and pricing through the Covid-19 health crisis

How to manage revenue and pricing through the Covid-19 health crisis

As bonds tying the global marketplace together start to break free while authorities take precautionary measures to ride out the coronavirus outbreak, knowing how to respond is a great challenge for managers and business leaders. According to the International Air Transport Association (IATA), the air transport industry alone co...

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High Court quashes appeal over former MFS CEO Michael King

High Court quashes appeal over former MFS CEO Michael King

"The finding that Mr King was an officer of the subsidiary MFSIM, marks the conclusion of long-running litigation which commenced in 2009 and demonstrates ASIC's commitment to pursuing difficult, long-running actions in the public interest," says ASIC Commissioner John Price. A former MFS Group executive who tried to di...

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