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Afterpay App sticker placed on a shopfront window at the Sunshine Plaza Mall.

Afterpay raising $800m, founders sell down

Afterpay shares are in a trading halt as the company raises $800 million in a capital raising, and the founders also sell down 10 per cent of their stake.

Trucks delivery border

Industry slams NSW-Vic border shutdown

Australian Industry Group chief executive Innes Willox says the NSW-Victoria border closure is a sledgehammer hit to the nation’s economic recovery.

Image of shoppers in Kuala Lumpur, Malaysia.

Business lobby says Asia key to recovery

New report outlines recommendations to boost trade with Asia.

Penalty rate cuts to sap workers’ wages

Pharmacy and retail workers could be up to $4800 worse off a year.

Microsoft to permanently close most stores

Microsoft says it will shut nearly all of its stores around the world and “reimagine” the physical space at its centre in Sydney.

PM works on welfare as unemployment grows

The prime minister is working on welfare reform and urging states to open their borders as he seeks to deal with huge job losses as a result of the coronavirus.

Women in charge good for business: report

A report by the Workplace Gender Equality Agency says having women in senior leadership positions increases a company’s performance.

Australia_Post_van_driver-au

Australia Post adamant no job losses, pay cuts

Australia Post executives due to meet with key Senate crossbench MPs about its plans to temporarily change its delivery model due to the coronavirus.

Underspent JobKeeper won’t be expanded

Treasurer hints there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.

Industry bosses call for leave shake-up

The Australian Industry Group says industrial relations will play a big role in reviving the economy.

Payroll data will update picture on jobs

A slower rate of job losses through the back half of April is expected to show up in new payroll data.

Coronavirus closes 12 Victorian McDonald’s

Fast food chain to close stores and deep-clean after a driver made deliveries while he was asymptomatic and unaware he had COVID-19.

Caltex Australia officially renamed Ampol

More than 99 per cent of shareholders approved the rebrand.

dollar

Downbeat start likely for ASX

Australian dollar rises, but ASX looks to fall on international concerns.

Virus-safe workplaces crucial to restart

The Morrison government will give businesses advice on how to prepare for life with coronavirus when economic restrictions are lifted.

Closed sign due to COVID-19

Business warns of $400 billion virus economic hit

A six-month recovery plan from coronavirus measures would cost Australia’s economy more than $400 billion, modelling by the Business Council of Australia shows.

Global CEOs see U-shaped virus recession

Many fear their companies won’t survive the pandemic, a survey of thousands of chief executives shows.

IGA supplier Metcash seeks to raise $330 million

Metcash has begun a $330 million equity raising, saying it needs fiscal flexibility during the coronavirus crisis.

Caltex, Couche-Tard deal off for now

Caltex and fuel retailer Alimentation Couche-Tard have ended talks about an acquisition due to the COVID-19 pandemic.

Large stimulus needed post-virus: report

The Grattan Institute says substantial stimulus measures will be needed to help lift the economy once the COVID-19 pandemic has passed.

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Hundreds of retailers closed their stores in the first lockdown in April. But far fewer have decided to shut their… https://t.co/4A5JMfYfL4

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A progressive think tank is worried the government will look to offset its recent spending on the response to Covid… https://t.co/8Tf744DbcD

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To stimulate Australia's economic recovery, one group is recommending an increase in GST, another is calling for a… https://t.co/GoZmLBpAaJ

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