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Skechers help quadruple online sales for Accent Group, stores to re-open

Skechers help quadruple online sales for Accent Group, stores to re-open

The company that owns the Australia-New Zealand distribution rights to footwear brands like The Athlete's Foot, Stylerunner, Skechers, Vans and Dr. Martens believes the Covid-19 pandemic has sparked a "seismic" shift in consumer habits, following a massive spike in online spending. In late March around 4,200 employees at&nbs...

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SA hands out more than $50 million in land tax and rent relief

SA hands out more than $50 million in land tax and rent relief

South Australian businesses are set to benefit from over $50 million worth of land tax and rent relief measures announced by the state government today. Commercial and residential landlords suffering from Covid-19 restrictions will be offered a 25 per cent reduction on their 2019-2020 land tax liability on affected properties. The onl...

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PM prepares the nation for 'third wave' of Covid-19

PM prepares the nation for 'third wave' of Covid-19

A concerted national effort to ramp up testing and tracing of Covid-19 will prepare Australia for a 'third wave' of the virus, according to the Prime Minister. The National Cabinet expects to witness another spike in cases caused by community transmission, which will require new tools for containment.  Testing and tracing...

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$1.5 billion Collins Street project approved

$1.5 billion Collins Street project approved

A major $1.5 billion office tower project on Collins Street in Melbourne has received development approval, putting the build on track for completion by late 2022. The office development, to be built at 555 Collins Street, will comprise 84,000 square metres of office space and 2,300 square metres of retail space across two stages. Uni...

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Mesoblast treatment achieves "remarkable" results for critical Covid-19 patients

Mesoblast treatment achieves "remarkable" results for critical Covid-19 patients

An Australian-developed stem cell treatment has drastically increased survival rates in trials for ventilator-dependent patients suffering from acute respiratory distress syndrome (ARDS) due to Covid-19. Melbourne-based regenerative medicine company Mesoblast (ASX: MSB, NASDAQ: MESO) has been engaged in trials with New York City...

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NSW SMEs flock to grants at $10m per day

NSW SMEs flock to grants at $10m per day

Fast cash grants worth $10,000 each have seen a rapid take-up in NSW with more than 15,000 applications received by the State Government in 10 days since the program opened. The NSW Government has already approved more than $100 million in Small Business Support Fund grants out of a budgeted $750 million. Approvals have been made for ...

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NSW extends Covid-19 testing to everybody in the state

NSW extends Covid-19 testing to everybody in the state

Everybody in New South Wales will now reportedly have access to testing for Covid-19 as Premier Gladys Berejiklian hopes to start lifting restrictions. "We're now saying to everybody across the state, if you have symptoms, if you're worried you have Covid-19, please come forward and get tested," says Berejiklian. &qu...

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UK starts Covid-19 vaccine trials

UK starts Covid-19 vaccine trials

Around 1,100 volunteers are expected to take part in a Covid-19 vaccine trial that kicked off in the UK yesterday, but the organisers have warned a significant proportion of vaccines tested in clinical trials don't work. University of Oxford researchers started screening healthy volunteers last month for ChAdOx1 nCoV-19, a weaken...

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The ABC launches $5 million arts industry fund

The ABC launches $5 million arts industry fund

The Australian Broadcasting Corporation (ABC) has launched a $5 million development fund to provide much needed support for Australia's creative industries Through the 'Fresh Start Fund' the ABC will invest in Australian content across multiple genres including drama, comedy, children's, factual, music and the arts. Th...

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Spirit of Tasmania moves Victorian home to Geelong

Spirit of Tasmania moves Victorian home to Geelong

The company that runs the ferry line Spirit of Tasmania has announced plans to move its Victorian operations in a bid to avoid congestion, expand its freight offering and improve the passenger experience. TT-Line Company has announced operations will move from Station Pier, Port Melbourne to Corio Quay, north of Geelong. The new ...

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Aviation expert: Virgin's demise an opportunity for innovation

Aviation expert: Virgin's demise an opportunity for innovation

The fate of Virgin Australia (ASX: VAH) may be in the hands of administrators, but an aviation expert from the University of South Australia believes strong interest from investors like Wesfarmers (ASX: WES) and the Macquarie Group (ASX: MGQ) means the story is not all doom and gloom. UniSA aviation industry expert, Associate Profess...

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WA pledges funds for land tax relief and construction

WA pledges funds for land tax relief and construction

Commercial landlords in Western Australia will have access to $100 million in land tax relief grants if they reduce rent for small business tenants affected by Covid-19, thanks to initiatives announced by the State Government today. The government has also released a $24.5 million support package to assist the building and const...

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$1b NorthLink WA road project now open

$1b NorthLink WA road project now open

Commercial transport in Western Australia has been given a boost today with the opening of the biggest road infrastructure project in the state's history. The $1.02 billion NorthLink WA is now fully open, providing a free-flowing link Morley and Muchea that doubles road capacity. Journey times and productivity ...

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JobKeeper hotline to be established, ATO ramps up workforce

JobKeeper hotline to be established, ATO ramps up workforce

A hotline managed by the Big Four banks will be deployed to help businesses get bridging finance before JobKeeper payments hit their bank accounts. At a press conference today the Federal Treasurer Josh Frydenberg said businesses eligible for JobKeeper must continue to pay staff before the stimulus is received. To ensure this happens ...

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Webjet raises too much money

Webjet raises too much money

The global tourism industry may be stagnant, but travel company Webjet (ASX: WEB) has made the financial equivalent of an overbooking in its latest capital raising. The Melbourne-based travel services aggregator received so many applications for a top-up facility that it will now have to give back $14.5 million in refunds. After excee...

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Carsales.com stands down staff as transactions dip

Carsales.com stands down staff as transactions dip

Carsales.com (ASX: CAR) has temporarily stood down around 250 employees in Australia as social distancing measures take their toll on sales volumes across the country. Most of these stand downs have been on a partial basis for external customer-facing roles where activity has been impacted due to coronavirus-related restrictions from...

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Radio Rentals to expand online offering to manage Covid-19 crisis

Radio Rentals to expand online offering to manage Covid-19 crisis

The parent company of Radio Rentals will bolster the retailer's online presence after announcing the closure of 62 stores and selected warehouses earlier this month. The closures meant approximately 300 in-store and head office employees were made redundant, according to Thorn Group (ASX: TGA). To manage the downturn in the retail...

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Australia calls for international action on wildlife wet markets

Australia calls for international action on wildlife wet markets

The Australian Federal Government has called for increased international scrutiny of wildlife wet markets to avoid a repeat of the Covid-19 outbreak. At the virtual G20 meeting of agricultural ministers, Australian Minister for Agriculture David Littleproud said wet markets are a biosecurity concern and pose a global health risk. &quo...

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WA resumes air freight to Singapore

WA resumes air freight to Singapore

The Western Australian Government has announced a flight loaded with pork, beef and vegetables departed Perth today for Singapore, marking the recommencement of an agrifood export trade that has been hammered by capacity restrictions with planes grounded. About 10 per cent of the value of WA's annual agrifood exports is transport...

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ACCC allows retailers to collectively bargain with landlords

ACCC allows retailers to collectively bargain with landlords

The ability of retailers to strike rent relief deals has been given a boost today after the country's competition regulator granted permission for collective bargaining with landlords. Around two weeks after the Prime Minister formally announced a mandatory tenancies code aimed at helping landlords and tenants navigate the Covid-19 cr...

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Bumper harvest for Australian Vintage leaves a profitable aftertaste

Bumper harvest for Australian Vintage leaves a profitable aftertaste

The company behind wine brands from McGuigan to Passion Pop is expecting a bumper profit off the back of an increased grape yield. Adelaide-based Australian Vintage (ASX: AVG) today reports it has crushed 101,400 tonnes of grapes from the 2020 vintage compared to 83,000 tonnes last year. As a result, the company is expecting its profi...

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Myer brings back 2,000 staff as online sales surge

Myer brings back 2,000 staff as online sales surge

Department store Myer (ASX: MYR) has today announced a four-week extension of its temporary store closures, but the news came with a silver lining. Following the Federal Government's social distancing measures, Myer has opted to keep its physical stores shut until at least 11 May but has a view to reopening "as soon as possible&q...

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Victoria predicts unprecedented hit to the economy, mass unemployment

Victoria predicts unprecedented hit to the economy, mass unemployment

Modelling conducted by the Victorian Government has predicted levels of unemployment and economic decline "unlike anything most Australians have seen in their lifetimes". Based on the research undertaken by the Victorian Department of Treasury and Finance, the Covid-19 crisis could lead to 270,000 jobs being lost in the state, w...

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Clinical trials begin for two potential Covid-19 treatments

Clinical trials begin for two potential Covid-19 treatments

A study into the effectiveness of HIV and anti-malarial drugs in treating the virus that causes Covid-19 has kicked off in Australia, with plans to recruit 2,500 patients in more than 70 hospitals around the country and 11 hospitals in New Zealand.  Led by Melbourne's Doherty Institute, the AustralaSian COVID-19 Trial (ASCOT) is ...

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Camilla and Marc defies Covid-19 with new online platform and 'smart store' initiative

Camilla and Marc defies Covid-19 with new online platform and 'smart store' initiative

One-on-one personal styling sessions by appointment, wardrobing advice and gifting services...you'd be hard pressed to get this kind of attention at most bricks-and-mortar fashion outlets. But the above suite of on-demand experiences are actually included in retailer Camilla and Marc's new e-commerce platform designed to transform...

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Development Application lodged for $450m Toowong Town Centre in Brisbane

Development Application lodged for $450m Toowong Town Centre in Brisbane

A major mixed use development has been proposed for construction opposite Toowong Village, which has been a mainstay commercial hub in Brisbane's inner western suburbs since 1986. State Development Corporation and White & Partners Sydney have lodged a Development Application (DA) with the Brisbane City Council to build the pr...

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Ramsay Health Care to raise $1.4 billion

Ramsay Health Care to raise $1.4 billion

Australia's largest private hospital operator Ramsay Health Care (ASX: RHC) plans to bulk up its balance sheet by $1.4 billion to give the flexibility needed for riding out the Covid-19 pandemic and beyond. While the National Cabinet agreed yesterday to ease restrictions on category 2 and some category 3 elective surgeries, Ramsay has...

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Software and data to unlock smoother EOFY in the Covid-19 economy

Software and data to unlock smoother EOFY in the Covid-19 economy

Putting end of financial year (EOFY) affairs in order is challenging at the best of times, but the impact of Covid-19 has thrown up unforeseen distractions that make the task much tougher than usual. Whether it be how to access stimulus measures, protecting the mental health of staff in a work from home (WFH) environment, or existential i...

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Voluntary administration isn't a death sentence for Virgin Australia or for competition

Voluntary administration isn't a death sentence for Virgin Australia or for competition

With its plea for a A$1.4 billion government loan rebuffed, Australia's second major airline has entered voluntary administration. Virgin Australia's chief executive, Paul Scurrah, said the decision to appoint external administrators (from Deloitte) "was about securing the future of the Virgin Australia Group and emerging on ...

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Six-month moratorium on evictions legalised in WA

Six-month moratorium on evictions legalised in WA

Both residential and commercial tenants will be saved from eviction after a six-month moratorium passed the Western Australian Parliament this afternoon. WA businesses will also benefit from the Parliament legislating a mandatory code of conduct, based on the National Cabinet Code of Conduct, designed to assist with negotiations between l...

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