Govt accused of stripping $900m; Company makes $3.3m per employee
Good morning – here’s what you need to know:
Markets: Wall Street plunged overnight out of anxiety about the Covid-19 recession, with tech stocks leading the losses.
So it's not looking good for Australian shares, with the SPI200 index down 0.92 per cent at 7am AEST, forecasting the local market would open significantly lower.
The Australian dollar was buying 70.99 US cents 7am AEST, up from Thursday's closing price of 71.52 US cents.
While Australia struggles with the Covid-19 recession, the federal government is accused of stripping $900 million from a particular industry. Check out which sector will suffer and why.
Three mistakes could cost some Australians thousands of dollars. Read about these common errors in tax returns.
Each employee at this company brings in $3.3 million. Incredible? Check out which employers make the most money per staff member.
An Australian company has been crowned Asia's hottest tech stock. Buy-now-pay-later supplier Afterpay's shares have rocketed more than 700 per cent this year, and is the envy of public companies in this part of the world.
A former bank executive has apologised to a financier over offensive remarks. Barclays exec Stephen Jones, a UK court heard, discussed financier Amanda Staveley's breasts and relationships while describing her as "thick" to the bank's head of compliance.
Former film star Yahoo Serious has been evicted from his Sydney home. A tribunal has ordered him to vacate his Avalon Beach three-bedder and pay his landlords $15,000 after he fell more than $27,000 in rent.
Have a great day, everyone.
Disclosure: The journalist owns shares in Afterpay.
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