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Business Insider Australia (Australian Stories)http://feeds.businessinsider.com.au/businessinsideraustraliaauBusiness Insider Australia (Australian Stories)en-AUBusiness Insider Australia | Business news, trends and insightshttps://edge.alluremedia.com.au/assets/businessinsider/img/businessinsider/logo_google_news.pnghttps://www.businessinsider.com.auhttps://www.businessinsider.com.au/penfolds-winemaker-2020-7https://feeds.feedblitz.com/~/629680365/0/businessinsideraustraliaau~Penfolds-lays-claim-to-producing-the-most-expensive-bottle-of-Australian-wine-ever-Its-chief-winemaker-explains-whats-behind-its-years-of-success
It has been 176 years since Aussie wine producer Penfolds was founded. A bottle of wine from the South Australian wine producer recently broke a record after it sold for $103,555.
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Sharon Masigehttps://www.businessinsider.com.au/penfolds-winemaker-2020-7Tue, 07 Jul 2020 17:43:22 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2018/10/The-Penfolds-Collection-2018-Group-Screw-Cap-200x150.jpg
It has been 176 years since Aussie wine producer Penfolds was founded. A bottle of wine from the South Australian wine producer recently broke a record after it sold for $103,555.
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https://www.businessinsider.com.au/melbourne-lockdowns-stay-at-home-2020-7https://feeds.feedblitz.com/~/629671721/0/businessinsideraustraliaau~Melbourne-will-reenter-stage-three-lockdown-for-six-weeks-from-Wednesday-night-Heres-what-that-means
Melbourne and Mitchell Shire will re-enter stage three lockdowns from midnight on Wednesday night for six weeks. The stay-at-home order means people should not leave their homes except for four reasons: essential shopping, giving or receiving medical care, attending work if it cannot be done at home, and exercise.
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James Hennessyhttps://www.businessinsider.com.au/melbourne-lockdowns-stay-at-home-2020-7Tue, 07 Jul 2020 15:34:35 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-1205552737-200x150.jpg
Melbourne and Mitchell Shire will re-enter stage three lockdowns from midnight on Wednesday night for six weeks. The stay-at-home order means people should not leave their homes except for four reasons: essential shopping, giving or receiving medical care, attending work if it cannot be done at home, and exercise.
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https://www.businessinsider.com.au/rba-rate-decision-july-hold-2020-7https://feeds.feedblitz.com/~/629669891/0/businessinsideraustraliaau~The-RBA-has-kept-interest-rates-on-hold-at-as-Australias-economy-braces-for-the-biggest-contraction-since-the-s
The Reserve Bank of Australia has kept the official cash rate on hold at 0.25%. It comes as the RBA has effectively exhausted its options, having bought $50 billion in bonds and slashed interest rates from 1.5% since last year.
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Jack Derwinhttps://www.businessinsider.com.au/rba-rate-decision-july-hold-2020-7Tue, 07 Jul 2020 14:59:01 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-528848416-200x150.jpg
The Reserve Bank of Australia has kept the official cash rate on hold at 0.25%. It comes as the RBA has effectively exhausted its options, having bought $50 billion in bonds and slashed interest rates from 1.5% since last year.
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https://www.businessinsider.com.au/linkedin-feature-record-name-2020-7https://feeds.feedblitz.com/~/629666365/0/businessinsideraustraliaau~This-new-feature-on-LinkedIn-lets-you-record-your-name-so-your-contacts-know-how-to-pronounce-it
LinkedIn has a new feature which lets you record your name so people know how to pronounce it. The feature is currently available on the LinkedIn Android and iOS app.
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Sharon Masigehttps://www.businessinsider.com.au/linkedin-feature-record-name-2020-7Tue, 07 Jul 2020 13:46:49 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2016/11/LinkedIn-200x150.jpg
LinkedIn has a new feature which lets you record your name so people know how to pronounce it. The feature is currently available on the LinkedIn Android and iOS app.
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https://www.businessinsider.com.au/afterpay-founders-wealth-shares-capital-raise-2020-7https://feeds.feedblitz.com/~/629661605/0/businessinsideraustraliaau~Afterpays-founders-are-headed-for-a-million-pay-day-as-the-company-looks-to-potentially-buy-out-its-rivals
Afterpay has announced it will raise $800 million in a new round to fund its continued expansion. It will see co-founders Nick Molnar and Anthony Eisen sell down 2.05 million shares each, pocketing $250 million between them, as the stock price soars.
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Jack Derwinhttps://www.businessinsider.com.au/afterpay-founders-wealth-shares-capital-raise-2020-7Tue, 07 Jul 2020 12:19:35 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/05/Anthony-Eisen-and-Nick-Molnar-200x150.jpg
Afterpay has announced it will raise $800 million in a new round to fund its continued expansion. It will see co-founders Nick Molnar and Anthony Eisen sell down 2.05 million shares each, pocketing $250 million between them, as the stock price soars.
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https://www.businessinsider.com.au/coles-woolworths-purchase-restrictions-lifted-again-2020-7https://feeds.feedblitz.com/~/629660491/0/businessinsideraustraliaau~Coles-and-Woolworths-have-once-again-removed-limits-on-purchases-%e2%80%93-with-one-exception
Coles and Woolworths have once again abandoned most purchase restrictions on their products. However, there are still limits on buying toilet paper at Woolworths.
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Sharon Masigehttps://www.businessinsider.com.au/coles-woolworths-purchase-restrictions-lifted-again-2020-7Tue, 07 Jul 2020 11:49:54 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2016/06/coles-woolies-200x150.jpg
Coles and Woolworths have once again abandoned most purchase restrictions on their products. However, there are still limits on buying toilet paper at Woolworths.
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https://www.businessinsider.com.au/tiktok-australia-data-privacy-china-concerns-2020-7https://feeds.feedblitz.com/~/629657667/0/businessinsideraustraliaau~TikToks-Australian-boss-rejects-allegations-it-feeds-data-to-the-Chinese-government-as-the-app-faces-increased-scrutiny-from-local-lawmakers
TikTok is facing increasing pressure in Australia, just one month after opening its first local office. This week, an unnamed federal MP called for the app to be banned, while Senator Jenny McAllister encouraged it to face the Select Committee on Foreign Interference Through Social Media.
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Jack Derwinhttps://www.businessinsider.com.au/tiktok-australia-data-privacy-china-concerns-2020-7Tue, 07 Jul 2020 11:09:19 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-1221110459-200x150.jpg
TikTok is facing increasing pressure in Australia, just one month after opening its first local office. This week, an unnamed federal MP called for the app to be banned, while Senator Jenny McAllister encouraged it to face the Select Committee on Foreign Interference Through Social Media.
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https://www.businessinsider.com.au/escooters-australia-covid19-transport-darwin-2020-7https://feeds.feedblitz.com/~/629652090/0/businessinsideraustraliaau~Escooters-have-proven-to-be-a-successful-experiment-in-Darwin-%e2%80%93-but-their-legal-status-across-Australia-remains-complex
E-scooters have as been hailed as "essential" to Darwin's economic recovery by the city's council. It comes as different Australia's cities grapple with how to adapt to COVID-19.
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Jack Derwinhttps://www.businessinsider.com.au/escooters-australia-covid19-transport-darwin-2020-7Tue, 07 Jul 2020 09:30:00 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/Neuron-200x150.jpg
E-scooters have as been hailed as "essential" to Darwin's economic recovery by the city's council. It comes as different Australia's cities grapple with how to adapt to COVID-19.
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https://www.businessinsider.com.au/8-things-were-worried-about-right-now-according-to-financial-planners-2020-6https://feeds.feedblitz.com/~/627920572/0/businessinsideraustraliaau~things-we%e2%80%99re-worried-about-right-now-according-to-financial-planners
With COVID-19 restrictions easing, Australians are beginning to return to their jobs, and while unemployment and the economy might be faring better than first expected, it's likely we're still in for a rough ride ahead. Of course, this all hinges on whether or not we get a second wave of the virus.
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Matt Hopkinshttps://www.businessinsider.com.au/8-things-were-worried-about-right-now-according-to-financial-planners-2020-6Tue, 07 Jul 2020 09:29:39 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/06/iStock-1135581630-200x150.jpg
With COVID-19 restrictions easing, Australians are beginning to return to their jobs, and while unemployment and the economy might be faring better than first expected, it's likely we're still in for a rough ride ahead. Of course, this all hinges on whether or not we get a second wave of the virus.
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https://www.businessinsider.com.au/10-things-you-need-to-know-this-morning-in-australia-v5-2020-7https://feeds.feedblitz.com/~/629652094/0/businessinsideraustraliaau~things-you-need-to-know-this-morning-in-Australia
Good morning! 1. The NSW-Victoria border closes at midnight tonight. Victoria Premier Daniel Andrews said he, NSW Premier Gladys Berejiklian, and Prime Minister Scott Morrison “agreed that the best thing to do is to close the border" as COVID-19 cases continue to increase in the southern state. There was an increase of 127 cases yesterday, and two deaths.
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James Hennessyhttps://www.businessinsider.com.au/10-things-you-need-to-know-this-morning-in-australia-v5-2020-7Tue, 07 Jul 2020 09:25:55 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-1254573072-200x150.jpg
Good morning! 1. The NSW-Victoria border closes at midnight tonight. Victoria Premier Daniel Andrews said he, NSW Premier Gladys Berejiklian, and Prime Minister Scott Morrison “agreed that the best thing to do is to close the border" as COVID-19 cases continue to increase in the southern state. There was an increase of 127 cases yesterday, and two deaths.
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https://www.businessinsider.com.au/a-home-lenders-tips-on-how-to-approach-the-market-amid-the-covid-19-outbreak-2020-7https://feeds.feedblitz.com/~/629611418/0/businessinsideraustraliaau~A-home-lenders-tips-on-how-to-approach-the-market-amid-the-COVID-outbreak
As housing prices across Australia remain unsteady in the wake of COVID-19, potential homeowners are calculating whether it's the right decision to break into the property market.
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Louis Costellohttps://www.businessinsider.com.au/a-home-lenders-tips-on-how-to-approach-the-market-amid-the-covid-19-outbreak-2020-7Mon, 06 Jul 2020 17:13:03 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/06/iStock-187065860-200x150.jpg
As housing prices across Australia remain unsteady in the wake of COVID-19, potential homeowners are calculating whether it's the right decision to break into the property market.
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https://www.businessinsider.com.au/when-to-seek-investment-from-venture-capital-firms-2020-7https://feeds.feedblitz.com/~/629608408/0/businessinsideraustraliaau~Its-never-too-early-Venture-capital-firms-on-the-best-time-%e2%80%93-and-best-way-%e2%80%93-to-reach-out-for-funding
Stone & Chalk released its free 42-page capital raising guide for startups this month. As part of the launch, the company held a panel discussion with members from venture capital firms on the investing process.
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Sharon Masigehttps://www.businessinsider.com.au/when-to-seek-investment-from-venture-capital-firms-2020-7Mon, 06 Jul 2020 16:27:40 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-573106553-200x150.jpg
Stone & Chalk released its free 42-page capital raising guide for startups this month. As part of the launch, the company held a panel discussion with members from venture capital firms on the investing process.
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https://www.businessinsider.com.au/australian-economy-second-wave-covid19-cost-2020-7https://feeds.feedblitz.com/~/629605652/0/businessinsideraustraliaau~Australia-could-lose-billion-if-it-is-unable-to-prevent-a-second-wave-economists-at-Deloitte-warn
The cost of a second wave of COVID-19 infections has been put at $100 billion by Deloitte economists. Describing a potential resurgence as "a disaster", Deloitte Access Economics partner Chris Richardson forecast that even without one the economy would struggle to recover.
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Jack Derwinhttps://www.businessinsider.com.au/australian-economy-second-wave-covid19-cost-2020-7Mon, 06 Jul 2020 15:15:24 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-1239247366-200x150.jpg
The cost of a second wave of COVID-19 infections has been put at $100 billion by Deloitte economists. Describing a potential resurgence as "a disaster", Deloitte Access Economics partner Chris Richardson forecast that even without one the economy would struggle to recover.
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https://www.businessinsider.com.au/stone-chalk-capital-raising-guide-2020-7https://feeds.feedblitz.com/~/629601364/0/businessinsideraustraliaau~Here-are-the-things-you-need-when-youre-pitching-to-investors-according-to-Stone-Chalks-new-capital-raising-guide
Stone & Chalk released a guide to capital raising for startups. The guide was developed in partnership with companies including venture capitalists Airtree and NAB Ventures, as well as the ASX.
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Sharon Masigehttps://www.businessinsider.com.au/stone-chalk-capital-raising-guide-2020-7Mon, 06 Jul 2020 13:04:31 +1000https://edge.alluremedia.com.au/uploads/businessinsider/2020/07/GettyImages-1153541303-200x150.jpg
Stone & Chalk released a guide to capital raising for startups. The guide was developed in partnership with companies including venture capitalists Airtree and NAB Ventures, as well as the ASX.
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https://www.businessinsider.com.au/rideshare-australia-electric-vehicles-uber-uptake-2020-7https://feeds.feedblitz.com/~/629600874/0/businessinsideraustraliaau~Uber-and-Lyft-rev-up-switch-to-electric-vehicles-overseas-but-industry-warns-Australia-is-being-left-behind
International ride-share giant Lyft has pledged to make 100 per cent of its trips in electric cars by 2030, but the transition is slower for local operators who are struggling to rebound from the coronavirus pandemic.
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Cara Waters, SMHhttps://www.businessinsider.com.au/rideshare-australia-electric-vehicles-uber-uptake-2020-7Mon, 06 Jul 2020 12:36:50 +1000https://edge.alluremedia.com.au/u