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4000 people sign up for WA COVID-19 vaccine trial, doses begin

4000 people sign up for WA COVID-19 vaccine trial, doses begin

The trial is one of just 15 worldwide that have gone beyond the pre-clinical stage. More than 4,000 people have registered for a Phase 1 COVID-19 vaccine trial in Perth, where Linear Clinical Research has already dosed 10 participants with expectations a further 140 will take part in the coming months. The clinical trial involves...

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ASIC grants Wilson permission to proceed with Keybridge takeover

ASIC grants Wilson permission to proceed with Keybridge takeover

The Australian Securities and Investment Commission (ASIC) has greenlit Wilson Asset Management's (ASX: WAM) attempt to take over Keybridge Capital (ASX: KBC) after Takeovers Panel proceedings delayed the bid. As such, WAM Active's takeover bid to acquire all KBC shares for 6.9 cents per share (a 29 per cent premium) can now go ah...

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WA Premier calls for flight cap, urges PM to withdraw support of Clive Palmer's High Court challenge

WA Premier calls for flight cap, urges PM to withdraw support of Clive Palmer's High Court challenge

Western Australian Premier Mark McGowan has formally requested a cap on international arrivals into Perth Airport of one flight every three days, after the state reported three new cases of COVID-19 from return travellers overnight. McGowan said the flow of arrivals needed to be slowed down so quarantine could be managed to the highest po...

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COVID case forced Woolworths delivery centre to close

COVID case forced Woolworths delivery centre to close

A Woolworths (ASX: WOW) customer fulfilment centre (CFC) that services online orders in Melbourne was shut down over the weekend after a team member tested positive for COVID-19. Woolworths first became aware of the team member's positive test on Saturday. That team member last worked at the West Footscray CFC on 1 July. The centr...

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Virgin Australia bondholders cry foul over Bain Capital takeover

Virgin Australia bondholders cry foul over Bain Capital takeover

Two large unsecured creditors of Virgin Australia (ASX: VAH) have called on the Takeovers Panel to intervene in the acquisition of the airline from US-based Bain Capital, describing the sale process undertaken by Deloitte as "unacceptable". Bondholders Broad Peak Investment Advisers and Tor Investment Management, from Singa...

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World's "greenest residential building" proposed for Brisbane

World's "greenest residential building" proposed for Brisbane

Dense landscaping with more than a thousand trees is planned for a green residential development dubbed "The Urban Forest" in South Brisbane. Aria Property Group and Koichi Takada Architects have lodged a development application for the building they claim will be the "greenest residential building in the world". ...

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NSW to close borders to VIC as COVID-19 crisis worsens

NSW to close borders to VIC as COVID-19 crisis worsens

New South Wales will close its border to Victoria from 11:59pm tomorrow following talks between VIC Premier Daniel Andrews, NSW Premier Gladys Berejiklian and Prime Minister Scott Morrison. The measure comes as Victoria has reported 127 new cases of COVID-19 today, taking the number of active cases in the state to 645. 34 of the new C...

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Chinese developer to acquire Mariners Cove Marina for $28 million

Chinese developer to acquire Mariners Cove Marina for $28 million

The company behind the $1 billion 'Jewel' development in Surfers Paradise has acquired another slice of the Gold Coast from local developer Sunland Group (ASX: SDG). Chinese developer Ridong has acquired Mariners Cove Marina, the retail and marina precinct located on the Southport Spit near Marina Mirage and Palazzo Versace, for $...

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Trio of neighbouring properties in West Melbourne sold for $60m

Trio of neighbouring properties in West Melbourne sold for $60m

The sale of a West Melbourne office asset is the third in a trio of neighbouring properties to be sold by CBRE, signalling the ongoing confidence in Melbourne's commercial property market. The 383 Spencer Street property is the last of three neighbouring properties sold to high-profile owners and takes the total sales tally to approxi...

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Primewest adds two more shopping centres to its $300m "daily needs" trust

Primewest adds two more shopping centres to its $300m "daily needs" trust

Property fund manager Primewest has added two shopping centres to its recently launched "daily needs" property trust today, both in New South Wales. The company has acquired two Woolworths-anchored centres from Charter Hall in Pemulwuy and West Ryde NSW, following its recent purchase of the Spring Farm Shopping Centre in the sou...

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Exporters to receive $240m in extra funding as freight support extended

Exporters to receive $240m in extra funding as freight support extended

Australia's exporters have been thrown a line thanks to the Federal Government's decision to extend a freight support program until the end of the year, with an additional $240 million in funding. A spokesperson for the office of Minister for Trade Simon Birmingham has confirmed this takes total funding for the International ...

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Lovisa reopens stores but exits Spanish market

Lovisa reopens stores but exits Spanish market

Jewellery retailer Lovisa (ASX: LOV) has now reopened the vast majority of stores worldwide following closures sparked by the COVID-19 pandemic, but strained relationships with landlords has led to an exit from Spain. There are now 434 Lovisa stores worldwide including franchises that are trading, compared to 449 in March before shutdowns...

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FDA approves four new Cochlear products

FDA approves four new Cochlear products

The US Food and Drug Administration (FDA) has approved four new products from hearing implant technology company Cochlear (ASX: COH), enabling smartphone connectivity for users, while clinicians and surgeons will benefit from new software and tools.  The Sydney-headquartered company plans to commercially release the new products in t...

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In tomorrow's economy, leaders who innovate service and CX will have the upper hand

In tomorrow's economy, leaders who innovate service and CX will have the upper hand

With an increased shift to online transactions during COVID-19, service innovation and customer experience (CX) are skyrocketing as priorities for many businesses and leaders. E-commerce growth rose by 80 per cent in the eight weeks following the World Health Organisation's (WHO) declaration of a pandemic. Man...

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Webjet rattles the tin again, this time for $163 million

Webjet rattles the tin again, this time for $163 million

After raising close to $350 million in April, travel company Webjet (ASX: WEB) has today announced a 100 million euro (AUD$163 million) convertible note issue to pay off debt and build a war chest for potential acquisitions. The announcement follows a UN report yesterday estimating COVID-19 would likely cut global tourism income from AUD$...

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Welcome to the "Future of Work": serviced & virtual offices

Welcome to the "Future of Work": serviced & virtual offices

Due to a global paradigm shift in the way we think about work and our working environment, the demand for serviced & virtual offices in Australia is on the rise.  We are searching for alternatives to address our evolving needs around social distancing in the workplace, work/life balance, flexibility, cost-effectiveness, agility an...

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Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

I recently wrote about Victoria's surge in COVID-19 cases. On that day, Victoria recorded 11 new infections, after a few days of new cases in the high teens and low twenties. I wondered then whether the situation could be brought quickly under control. Unfortunately, it has since got much worse. On Wednesday, the state recorded 73...

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NT reports new COVID-19 case from Melbourne lockdown area

NT reports new COVID-19 case from Melbourne lockdown area

A new case of COVID-19 has emerged in Darwin today, originating from a returning traveller who spent time in a Melbourne hotspot. According to NT Minister for Health Natasha Fyles (pictured) the 30-year-old man arrived in Darwin on Monday and tested positive for COVID-19 on Tuesday. The man is a return traveller from overseas who comp...

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Support announced for tourism operators affected by Melbourne lockdowns

Support announced for tourism operators affected by Melbourne lockdowns

Victorian regional accommodation operators affected by lockdowns in metropolitan Melbourne will be eligible for Government support if losses can be shown. A $5 million fund has been made available to regional businesses including motels, caravan parks and short-term rentals like Airbnb properties that can demonstrate losses due to the new...

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Alterity Therapeutics market cap skyrockets from $18m to $333m in one day

Alterity Therapeutics market cap skyrockets from $18m to $333m in one day

Update 2 July, 2020: After this story was published, Alterity Therapeutics announced the proposed issue of more than 47.6 million shares at around 3.3 cents each. ATH shares then plunged from close to 40 cents each down to 15 cents before the market closed, and on the morning of 2 July they dropped a further 54 per cent down to 7.6 cents each...

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Star Entertainment Group continues to reopen as COVID-19 restrictions ease

Star Entertainment Group continues to reopen as COVID-19 restrictions ease

From today, Star Entertainment Group's (ASX: SGR) venues in New South Wales and Queensland will reopen further as more COVID-19 restrictions are eased. The company has announced that the next stage of reopening of The Star Sydney will commence today, with the venue allowed to host up to 5,000 patrons at any one time within the casino ...

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Travellers from Victorian COVID-19 hotspots could face jail time if visiting NSW

Travellers from Victorian COVID-19 hotspots could face jail time if visiting NSW

People who leave Melbourne's COVID-19 hotspots and travel to NSW will be exposed to the possibility of six months jail or an $11,000 fine. NSW Minister for Health Brad Hazzard says these new measures are "not something we want to do" but are necessary to protect the health and safety of NSW residents. "The message q...

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Survival of the smallest? Retail's post-COVID-19 future

Survival of the smallest? Retail's post-COVID-19 future

A consumer behaviour expert believes large retailers and shopping centres will face challenges as people spend less and make more of their transactions online. The QUT Business School's Professor Gary Mortimer says Australians are now spending almost $32 billion online, or about 10 cents in every shopping dollar. "It is ...

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AMP completes sale of life insurance business for $3 billion

AMP completes sale of life insurance business for $3 billion

AMP (ASX: APM) will exit the life insurance business after 170 years after completing the sale of AMP Life to New Zealand-based Resolution Life. The total proceeds of the sale come to $3 billion including $2.5 billion in cash and a $500 million equity interest in holding company Resolution Life Australia. The company expects the net p...

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Temple & Webster to ride sales spike with $40 million placement

Temple & Webster to ride sales spike with $40 million placement

Online furniture retailer Temple & Webster (ASX: TPW) will raise $40 million to capitalise on strong sales growth in June. Proceeds of the placement will be deployed towards strategic growth initiatives to take advantage of a consumer shift to online shopping that has been accelerated by the COVID-19 pandemic. Further, the company...

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Lendlease to book at least $230m loss as COVID-19 devaluations bite

Lendlease to book at least $230m loss as COVID-19 devaluations bite

Property project developer Lendlease (ASX: LLC) has joined the likes of Stockland (ASX: SGP) and Mirvac (ASX: MGR) with portfolio devaluations due to COVID-19, and its bottom line will suffer as a result. The company was already expecting to record restructuring costs due to the exit of its engineering services division, wh...

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Land tax relief for Queensland businesses extended for four months

Land tax relief for Queensland businesses extended for four months

The application deadline for the Queensland Government's land tax rebate has been extended for a further four months to assist local businesses. Queensland Treasurer Cameron Dick says the decision was made following consultation with the Property Council of Australia. "As restrictions ease further in the week ahead, we know m...

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Victoria to impose lockdowns in hotspots, Melbourne flights to be cancelled

Victoria to impose lockdowns in hotspots, Melbourne flights to be cancelled

The Victorian Government will enforce lockdowns in 10 postcodes after midnight tomorrow night, with urgent $5,000 grants for businesses in these areas that are forced to close as a result. These drastic measures were taken following comprehensive genomic sequencing received by Premier Daniel Andrews this morning showing much of the r...

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AAP Newswire sold to consortium of investors and philanthropists

AAP Newswire sold to consortium of investors and philanthropists

Australian Associated Press has confirmed the sale of AAP Newswire and AAP FactCheck to a consortium including investor Nick Harrington and philanthropist John McKinnon. Under the new owners a refreshed Newswire, which will retain the AAP name, will launch on 1 August. AAP's current shareholders, including Nine and News Corporatio...

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Queensland sticks to 10 July border opening date, Victoria barred

Queensland sticks to 10 July border opening date, Victoria barred

Queensland will be open for visitors from all states and territories except Victoria as of 10 July, while this Friday small businesses will be allowed more patrons under a 2sqm rule. Premier Annastacia Palaszczuk (pictured) has today delivered on her promised date to open up to the rest of the country, but high levels of community tr...

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