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Daily Crunch: Apple and Google begin releasing their exposure notification API

Apple and Google ask for developer feedback on their contact tracing efforts, Facebook sees a “significant reduction” in ads and Microsoft makes life easier for IT managers. Here’s your Daily Crunch for April 30, 2020. 1. Apple and Google release first seed of COVID-19 exposure notification API for contact tracing app developers This is a […]




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Quarantine creates new opportunities for video makers, according to a Butter Works report

While global stay-at-home orders have been a blow to most companies, they’ve also created opportunities for businesses helping to keep people entertained. So if you’re a YouTube creator hoping to capture some additional eyeballs while everyone’s stuck at home, online video agency Butter Works has released an interactive report outlining the most promising topics for […]




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Original Content podcast: Netflix’s ‘Middleditch & Schwartz’ might change your mind about improv

We’ll admit it: Some of your Original Content podcast hosts are a little skeptical about improvised comedy. Of course, we can enjoy improv when it’s done well. It’s just that we’ve seen it done less well, often by friends who are so enthusiastic without being particularly funny. And our friends aside, live improv has rarely […]




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7 VCs discuss how COVID-19 is changing the media startup landscape

The world has changed dramatically since May 2019 when we last surveyed venture capitalists about the trends they were seeing in media, entertainment and gaming. Since then, COVID-19 and the resulting physical distancing measures have created plenty of demand for companies helping to inform and entertain us as we’re stuck at home. At the same […]




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Creatively helps designers and other creative talent showcase their work

Creatively was supposed to launch this summer, according to CEO Greg Gittrich. And then COVID-19 happened. “We made the decision to fast-track the launch when the pandemic hit, because we felt like launching as a beta would really help the creative community,” Gittrich told me. The startup was founded by Stacey Bendet and Joe Indriolo, […]




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Goldman Sachs backs electric toothbrush startup Burst Oral Care

Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […]




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New studio Modern Games acquires Beasts of Balance

Modern Games is a new studio working to create games that combine physical and digital play. The company was founded by husband-and-wife team Justin and Amanda Kifer — serial entrepreneurs who previously launched companies including Citizen Local (acquired by MyLife in 2011) and Fidgetly, a fidget spinner company that also created a motion controller for […]




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Daily Crunch: Uber and Airbnb lay off thousands

Uber and Airbnb are cutting significant portions of their workforce, Microsoft announces new Surface devices and we talk to Apple Craig Federighi about the new iPad cursor. Here’s your Daily Crunch for May 6, 2020. 1. Uber is laying off 3,700 as rides plummet due to COVID-19 In an SEC filing, Uber disclosed plans to […]




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Publicist launches its marketplace for freelance PR and marketing

Founder and CEO Lara Vandenberg told me she created Publicist to support the ways in which the communications and marketing industry is changing — changes that are only accelerating due to COVID-19. Vandenberg was previously senior vice president of communications and marketing at Knotch, and she told me, “More companies now are being better served […]




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BuzzFeed extends pay cuts and furloughs 68 employees

BuzzFeed plans to furlough 68 employees as part of broader cost-cutting measures, according to a memo from CEO Jonah Peretti that was shared earlier by Variety. We’ve also obtained a copy of the memo, in which Peretti said the furloughs will affect the business, studios and administration teams. It sounds like the furloughs do not […]




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YouTube brings more ad formats and measurement to TVs

YouTube is giving advertisers a few more tools to reach consumers and measure ad effectiveness on TVs. These tools already exist for YouTube on other platforms, but now the Google -owned video service is bringing them to connected televisions. In a blog post, it says this is in response to how YouTube viewership has grown […]




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Residential propane price decreases slightly

The average retail price for propane is $2.02 per gallon, down half a cent from last week's price, and down 41.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.66 per gallon, down 1.1 cents from last week, and down 16.2 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $2.01 per gallon, down 6-tenths of a cent from last week's price, and down 42.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.64 per gallon, down 9-tenths of a cent from last week, and down 17.9 cents from a year ago.




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U.S. crude oil production poised for record-setting 2020 and 2021

In December 2019, the Organization of the Petroleum Exporting Countries and a group of other oil producers announced they were deepening the production cuts originally announced in December 2018. However, the U.S. Energy Information Administration forecasts that global oil production will rise in 2020 despite the cuts, as expected growth in non-OPEC crude oil production will offset OPEC's reduced output. Non-OPEC production will be driven by continued growth in the United States. Outside of the United States, growing crude oil production in Brazil, Norway, and Canada will also contribute to supply growth over the next 24 months. In its January Short-Term Energy Outlook, EIA reports that U.S. crude oil production in 2019 hit a record annual average of 12.2 million barrels per day. EIA forecasts U.S. production will reach 13.3 million barrels per day in 2020 and 13.7 million barrels per day in 2021. Most of the production growth occurs in the Permian region of Texas and New Mexico.




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Residential propane price increases slightly

The average retail price for propane is $2.01 per gallon, up 4-tenths of a cent from last week's price, but down 41.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.64 per gallon, down 4-tenths of a cent from last week, and down 17.9 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $2.01 per gallon, down 4-tenths of a penny from last week's price, and down 42.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.63 per gallon, down 7-tenths of a cent from last week, and down 18.4 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $2.00 per gallon, down 8-tenths of a cent from last week's price, and down 43.2 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.62 per gallon, down 1.1 cents from last week, and down 19.9 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $1.99 per gallon, down 7-tenths of a cent from last week's price, and down 44.8 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.61 per gallon, down 9-tenths of a cent from last week, and down 20.9 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $1.99 per gallon, down 3-tenths of a cent from last week's price, and down 44.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.61 per gallon, down 4-tenths of a cent from last week, and down 20.9 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $1.98 per gallon, down 4-tenths of a cent from last week's price, and down 44.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.61 per gallon, down half of a penny from last week, and down 21.2 cents from a year ago.




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Residential propane price decreases slightly

The average retail price for propane is $1.98 per gallon, down 4-tenths of a cent from last week's price, and down 45.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.60 per gallon, down half of a cent from last week, and down 22.1 cents from a year ago.




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Residential propane price decreases

The average retail price for propane is $1.97 per gallon, down 1.1 cents from last week's price, and down 45.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.59 per gallon, down 1.6 cents from last week, and down 22.3 cents from a year ago.




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More OPEC supply and less global liquid fuels demand puts downward pressure on prices

In its March 2020 update, the U.S. Energy Information Administration (EIA) significantly revised its Short-Term Energy Outlook for global oil supply, demand, and prices compared with the February Short-Term Energy Outlook. These updates largely resulted from updated data and assumptions about the effects of the 2019 novel coronavirus disease (COVID-19) on global oil demand and assumptions regarding the Organization of the Petroleum Exporting Countries (OPEC) crude oil production following its meeting on March 6. EIA now forecasts that OPEC will target market share instead of a balanced global oil market. As a result, EIA expects that OPEC crude oil production will increase to an average 29.1 million barrels per day in the second and third quarters of 2020. EIA forecasts that global demand for liquid fuels will grow by 0.4 million barrels per day from 2019 to 2020, down from the 1.0 million barrels per day increase EIA previously forecasted in February. The revised March estimate is driven by EIA's expectations of slowing economic growth, primarily related to the effects of the coronavirus outbreak. EIA expects the decline in global liquid fuels demand, combined with the increase in OPEC production, to result in significant global oil inventory builds in the first half of 2020-putting continued downward pressure on prices. EIA forecasts Brent oil prices will average 43 dollars per barrel in 2020 and 55 dollars per barrel in 2021.




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Residential propane price decreases

The average retail price for propane is $1.96 per gallon, down half a cent from last week's price, and down 45.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.57 per gallon, down 1.8 cents from last week, and down 23.6 cents from a year ago.




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Residential propane price decreases

The average retail price for propane is $1.94 per gallon, down 2.7 cents from last week's price, and down 47 and a half cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.54 per gallon, down 3.3 cents from last week, and down 26.2 cents from a year ago.




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Residential propane price decreases

The average retail price for propane is $1.91 per gallon, down 1.8 cents from last week’s price, and down 48.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.51 per gallon, down 3.1 cents from last week, and down 27.4 cents from a year ago.




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Residential propane price decreases

The average retail price for propane is $1.87 per gallon, down 3.3 cents from last week’s price, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.46 per gallon, down 4.4 cents from last week.




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Decreased demand and increased supply lead to significant increases in global liquid fuels inventories

As a result of the global economic slowdown related to COVID-19, the U.S. Energy Information Administration estimates that global petroleum and liquids consumption will average 95.5 million barrels per day in 2020, down 5.2 million barrels per day from 2019. EIA forecasts that U.S. oil consumption will decline 6.5% in 2020 to average 19.1 million barrels per day, which would be the largest percentage decline in U.S. consumption since 1980. At the same time, in its April 2020 Short-Term Energy Outlook, EIA expects global oil supply to increase in the coming months from first-quarter 2020 levels. Total world liquids supply will average 98.7 million barrels per day through the third quarter of 2020. These supply and demand developments are contributing to a significant increase in liquid fuels inventories. EIA estimates that second-quarter 2020 global petroleum inventories will increase an average 11.4 million barrels per day. Within the Organization for Economic Cooperation and Development, the most stocks recorded in historical data were in July 2016 at 3.1 billion barrels. EIA forecasts inventories will surpass this level as production continues to outpace consumption. EIA expects these large stock builds will put downward pressure on crude oil prices for several months. Brent crude oil prices averaged 32 dollars per barrel in March, the lowest monthly average since January 2016. EIA forecasts Brent crude oil to average 23 dollars per barrel during the second quarter of 2020 before increasing to an average 46 dollars per barrels in 2021.




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United States will return to importing more crude oil and petroleum products than it exports

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.




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New international standards for audit reports are game-changing - 20 Jan

After three years in development, the International Auditing and Assurance Standards Board (IAASB) has released a set of standards that are game-changing for shareholders and the profession, says PwC.




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Australian CEOs getting on with business, despite threats to growth - 20 Jan

CEOs are more optimistic about growth than international counterparts, despite concerns about over-regulation and the Government's response to Australia's fiscal deficit, according to a PwC report launched today.




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Supporting Adelaide's Entrepreneurs - 23 Jan

For members of Australia's start up community, Adelaide is fast growing the reputation of a national entrepreneurial hub.




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Australian privatisations to headline global power deals in 2015 - 30 Jan

The sale of New South Wales' and Queensland's utility assets will be among the most eagerly anticipated power deals globally in 2015, according to a PwC report released today.




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PwC Appoints New Public Transport Leader - 4 Feb

PwC has appointed the former CEO of Transdev Australasia, Jonathan Metcalfe, to lead the public transport practice.




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Australia Must Get to Grips with Asian Century - 12 Feb

If we continue to ignore the rising economic success of our Asian neighbours we will lose our place as a G20 economy by 2030.




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Australian National Committee for UN Women welcomes partnership with PwC Australia - 17 Feb

PwC Australia is delighted to announce a partnership with The Australian National Committee for UN Women in a joint effort to promote gender equality.




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Call for renewed government focus on achieving fiscal balance and sustainably cutting the costs of doing business - 17 Feb

Governments must apply renewed focus to achieve fiscal balance and sustainably reduce the cost of delivery.




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PwC to host second forum on women and leadership - 23 Feb

On Friday 28 February at 4.30am Sydney time, PwC will host its second global forum to students around the world.




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Widening Gender Pay Gap sees Australia fall Furthest in Global Rankings: PwC Women in Work Index - 3 Mar

Australia dropped six places to 15th position - the largest drop out of the 27 OECD countries measured.




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Aussie Inclusion in "China Bank" a boost for Business - 26 Mar

The Federal Government's decision to be a part of the Asian Infrastructure Investment Bank is a bold move which encourages long term investment in a growing region which will benefit Australia.




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PwC Grows its Social Infrastructure Capability with Appian Group Acquisition - 1 Apr

PwC has acquired infrastructure advisory firm Appian Group, bolstering the firm’s focus on health and social infrastructure, PwC Managing Partner, Deals Sean Gregory announced today.




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Big City thinking needs Big City analytics: Identifying Sydney's Centres of Gravity - 7 Apr

Greater Sydney generates 23% of the Nation's GDP and will be a city of 8 million, up from 4 million, in the next 40 years.




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Japanese corporations must look to ASEAN for growth - 21 Apr

The key to Japan's economic future lies in growing it's engagement with the countries on its doorstep, according to a PwC report released today.




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Demand for Stem Skills Will Generate The Next Wave of Growth - 30 Apr

While technology and innovation are transforming our economy, they are also the solution to our workforce and growth challenge.




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Navigating the energy 'trilemma' crucial for Australian power and utilities sector - 20 May

The pace and scale of disruption in the power and utilities sector is happening faster than expected.




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PwC mentors young leaders from China and Australia on Infrastructure - 28 May

Young leaders from Australia and China are working together to provide creative solutions to issues facing both countries as part of the China Australia Millennial Project (CAMP).




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No Sacred Cows or Panaceas In Tax Reform - 29 May

The needs of all Australians - affordable housing, a secure job, a decent education for their children, a good health system and a comfortable retirement - will not be met if we don't achieve major tax reform.




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Australian entertainment and media industry must 'have a go' to grow - 15 Jun

Australian entertainment and media market is forecast to grow to $43.4 billion by 2019, a compound annual growth rate of 4.2 percent.




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Managing Partner Tom Seymour's remarks at PwC Tax Reform Forum in Melbourne - 15 Jul

At PwC we have put significant effort into generating a national conversation about Australia's tax system and the need to improve it.




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PwC Australia announces FY15 full year results - 28 Jul

PwC Australia today announced its full year results to 30 June 2015 with revenue growth of 10.1% to $1.73b, supported by another year of strong profit growth.