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House prices edge higher as both buyers and sellers leave the market during COVID-19 crisis

Despite coronavirus restrictions sending auctions online and seeing many home sales abandoned, CoreLogic figures for April show prices continued to rise for the few properties that did sell.




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'No going back to everything the way it was': ANZ boss warns of 'slow grind' recovery

ANZ's chief executive warns the Australian and New Zealand economies will be reshaped by the COVID-19 pandemic and take years to recover from the economic fallout.




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Key points from the Prime Minister's latest press conference

The Prime Minister and Chief Medical Officer urge people to download the tracing app to speed easing of restrictions, while another large support package to help keep aged care resident safe is announced.




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Coronavirus update: New York City nursing home reports 98 deaths as FDA approves experimental drug

US President Donald Trump seemingly increases his estimate of possible deaths from coronavirus to 100,000, up from 70,000 earlier in the week, as South Africa, Spain and some American states loosen their restrictions. These are the key coronavirus developments from today.




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From hobby cook to burger king with little savings or experience – and dad as the delivery guy

At 14 years of age Zaynn Bird was a sub-par McDonald's employee. At 23 he owns one of his state's most impressive burger joints.




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Flight Centre stops charging cancellation fees for trips affected by coronavirus

The travel agent chain backs down from charging hundreds of dollars in cancellation fees for trips cancelled due to COVID-19 restrictions, following pressure from customers and the Australian Competition and Consumer Commission.




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Indonesian zoos facing financial strain could 'feed herbivores to the carnivores' amid pandemic

Some 70,000 animals across Indonesia, including members of critically endangered species, are at risk of starvation as zoos struggle financially due to social distancing restrictions amid the coronavirus pandemic.




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Why this former US Congress hopeful is betting on a small country newspaper

Michael Waite ran for office in Washington and worked for Bill Gates' private investment company, but helping establish a community newspaper could be his toughest challenge yet.




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How an elderly island enclave warded off COVID-19 ... without blowing up the bridge

The community of mainly over-60s on St Huberts Island in NSW manages to stare down the threat of COVID-19 with music, exercise and good wine — and a fresh catch of fish delivered by doting grandsons.




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In what's left of the Australian TV industry after coronavirus, will the next Secret Life be made?

Some are warning Australia's television industry is facing a crisis that could affect how much viewers pay for entertainment in the future, and whether the kinds of shows that have been hits in the past will continue to be made.




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In the middle of an economic crisis, one sector is experiencing a surprise 'COVID surge' in jobs

While the economic tsunami of coronavirus shutdowns hammers most sectors, WA's resources industry has jobs created on mine sites where providers of support services like catering, cleaning and maintenance are in high demand to keep mine sites safe.




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Coronavirus update: Italy sends millions back to work after two months at home

After two months in almost total lockdown, 4.5 million Italians are allowed to return to work today as the country with the second-highest coronavirus death toll begins to wind back some restrictions.




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In the blink of an eye coronavirus has turned the property market upside down

Within the space of a month, the coronavirus pandemic has upended the property market for buyers, sellers, tenants and landlords.




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COVID-19 losses just the start of Westpac's woes amid escalating money laundering, tax problems

Westpac joins ANZ in deferring its interim dividend as it braces for the financial impact of COVID-19, but mounting issues around money laundering and tax reporting may cost it almost as much.




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Majority of shut-off WA businesses 'confident' they will survive pandemic

The coronavirus pandemic is understandably weighing heavily on the business sector, but there are early signs of green shoots as one state begins to open up.




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Canberra petrol stations to face 'weekly fuel price challenges' as cost drops to $1 per litre

Canberra petrol retailers will need to meet weekly fuel price targets to avoid the ACT Government regulating the market, despite prices dropping to about $1 per litre after the Chief Minister threatened to cap margins.




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Transurban pushes West Gate Tunnel deadline out a year, citing contaminated soil dispute

Transurban reports to shareholders that construction on the West Gate Tunnel has been set back, with the project now expected to be completed by in 2023.




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WA shut itself off from the country and the world to prevent coronavirus. The impact is hitting home

The fallout from harsh border closures means many WA tourism businesses will struggle to stay afloat for longer than six months given a huge drop in revenue.




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Orange juice the same as diet cola under proposed health star rating

Citrus growers say under a proposed change, the health star rating for 100 per cent orange juice could drop from the current five stars to as low as 2.5 stars.




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Bank regulator asks ME to explain why it took money from customers' redraw accounts

The financial regulator has asked ME Bank to explain why it has taken cash from accounts linked to its customers' home loans to reduce the risk of mortgage default.




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Shutdown costing economy $4 billion a week as Cabinet prepares to assess restrictions

Josh Frydenberg will tell the National Press Club he is happy a discussion about lifting coronavirus restrictions is taking place earlier than first planned as new analysis says the Australian economy is losing $4 billion a week.




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Couple's battle for $10,000 luxury holiday refund as hundreds consider class action

James and Victoria Sylvester were refused a refund when their $10,000 holiday to Dubai was cancelled because of coronavirus. Now hundreds of consumers in similar situations are considering launching a class action.




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Service stations 'on the edge' of collapse despite record petrol profit margins

While oil and wholesale fuel prices have been at two-decade lows, pump prices have not come down so quickly or consistently across the country. But service station owners say they too are struggling to survive the COVID-19 downturn.




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Work begins on the Gold Coast's $1 billion Pacific Motorway upgrade

Work begins on the Gold Coast's $1 billion Pacific Motorway upgrade, with promises it will benefit motorists and the economy.




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COVID-19 checklist released: Here's what NT businesses must do before reopening ahead of May 15

Are you a business that wants to reopen on May 15? The Government has released the COVID-19 Safety Plan checklist you must complete before doing so.




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Corporate giants warn coronavirus exodus means Sydney's CBD will never be the same again

As the Government begins easing social-distancing restrictions, there are doubts once-bustling workplaces in Sydney's CBD will ever return to the way they were.




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Women bearing brunt of COVID-19 job losses 'suddenly' stripped of financial independence

New data shows how hard the impact of the coronavirus has been on women's jobs as a leading economist worries about the long-term impact for women in the workforce.




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The US meat industry has been crippled by coronavirus. Here's why that won't happen here

US meatworks have been epicentres for coronavirus outbreaks and shutting them down has disrupted the supply chain. But Australia is set up differently.




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ASX falls, retail sales post record surge

The local share market closes lower, despite some retail stocks rallying after sales surged in March, while the corporate regulator warns of the dangers of day trading for individual investors.




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'There's got to be a better way': Exploration company pushes to reduce plastic bags

A small exploration company drilling for gold in Western Australia's Goldfields wants to change the perception that the resources sector is a "dirty industry" by using biodegradable bags for drill samples.




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Tom Cruise to star in movie shot in space, NASA confirms

Fewer than 250 people have been on the International Space Station but Mission Impossible actor Tom Cruise looks set to become one of them, in part to "inspire a new generation of engineers and scientists".




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Historic burnt-out cottage and house overlooking gorge attract $3.2 million price tag

The two cottages are up for sale in a historic part of Launceston but one of the buildings will likely cost hundreds of thousands to repair.




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Calls for State Government to help thousands of local council staff who are without pay

The state's peak body for local councils is calling on the Victorian Government to help more than 5,000 council staff who are without work and ineligible for JobKeeper, amid calls for a rates freeze for property owners.




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Chinese state-owned company buys up water in the Murray-Darling

Companies owned by the Chinese Government have been buying Australian water assets, with concerns raised about the level of scrutiny foreign investment of water is receiving.




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Almost 7,000 square kilometres of land to be released for coal and gas exploration in regional Queensland

Almost 7,000 square kilometres of land will be released for coal and gas exploration in central and north Queensland as part of measures to ensure the survival of the resources sector through the coronavirus pandemic, the State Government says.




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Coronavirus has delivered some scary numbers for Europe, and more are ahead — the financial cost

The collective European economy will contract by 7.7 per cent this year and debt will skyrocket, with Italy, Greece, Spain and Portugal among the hardest hit by the economic effects of the coronavirus pandemic.




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ASX falls, miners rise as iron ore drives record trade surplus

The Australian share market falls but iron ore mining stocks make gains after Australia posted a $10.6 billion trade surplus in March and iron ore exports rose.




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Mother's Day visits off the table as Victorian Premier defends coronavirus contact tracing efforts

Premier Daniel Andrews defends the work of contact tracers as 13 more coronavirus cases are linked to a cluster at Cedar Meats in Melbourne's west.




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In the middle of a global pandemic, a new live-export company emerges

A new player emerges in Australia's live-export industry, with its maiden voyage due to leave Townsville port tonight.




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ICAC investigating alleged 'improper conduct' by university vice-chancellor

South Australia's Independent Commissioner Against Corruption confirms he is investigating allegations of improper conduct by the vice-chancellor of the University of Adelaide.




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Commonwealth Bank temporarily closes 114 branches due to coronavirus impacts

CBA says today's closure of 114 branches nationwide is temporary and due to a massive increase in online and telephone banking.




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Cotton On reviews decisions on hundreds of workers it ruled out of the JobKeeper program

The retail giant Cotton On reverses its decision to exclude 200 staff from the JobKeeper program as it faces uproar from casual workers who say they are being unfairly denied the wage subsidy.





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Is your steak safe to eat? Abattoir coronavirus outbreak leaves consumers wondering

A coronavirus outbreak at a Melbourne abattoir has left consumers wondering about food safety — but experts say meat is still very safe to eat, and any risk is "ridiculously small".





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Environmental hit as bins fill to the brim with disposable coffee cups

Disposable cups are currently the only option for most cafe owners to provide takeaway coffee to customers, but environmentalists are worried about the consequences.




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Government delays banking overhaul recommended by royal commission

Reforms recommended by the Banking Royal Commission, which uncovered widespread financial misconduct, will be delayed so the financial industry can recover from the coronavirus crisis, Treasurer Josh Frydenberg announces.




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Brazil on verge of economic collapse and food shortages, leaders warn

Brazil's President says steps must be taken as soon as possible to bring Latin America's largest economy out of "intensive care", as controversy continues over the Government's handling of the coronavirus crisis.




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US economy 'on life support' as unemployment soars to nearly 15 per cent

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, but President Donald Trump says "all those jobs will be back" very soon.




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Who cops the bill? Students, landlords clash over who's to pay for housing amid pandemic

University students and their landlords are at loggerheads over who should pay for accommodation neither can use after students were sent packing.