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European stocks suffer worst day in history as coronavirus panic grows

European stocks suffer worst day in history as coronavirus panic grows

European stocks had their worst day in history Thursday as fears mounted over economic fallout from the novel coronavirus and measures taken by the European Central Bank to cushion the blow from the crisis failed to impress investors. The ECB said it would ramp up bond purchases to help support the economy, joining policymakers around...

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PM ‘angry’ as Holden quits Australia

PM ‘angry’ as Holden quits Australia

The prime minister is angry that General Motors took billions of dollars in government subsidies only to let the Holden brand die and then walk away from the Australian market. General Motors on Monday announced it was retiring the Holden brand from sales in Australia and New Zealand after the company ceased local manufacturing in...

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Aussie dollar hits lowest level since ’09

Aussie dollar hits lowest level since ’09

The Australian dollar is down nearly 6.0 per cent since the start of the year and hitting decade lows against its US counterpart, which is bad news for travellers but could be good for the economy. At 1528 AEDT, the Aussie was buying just 66.00 US cents, the least since during the global financial crisis...

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Former UK prime minister David Cameron’s bodyguard leaves loaded gun in plane loo

Former UK prime minister David Cameron’s bodyguard leaves loaded gun in plane loo

A passenger found a loaded pistol and David Cameron’s passport in a plane toilet after the former British prime minister’s bodyguard forgot them there, the British media reports. Cameron was on his way back from New York to London with a protection officer from Britain’s Metropolitan Police when the discovery sparked a security incident, according...

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Coronavirus: Boy, 8, confirmed as third case in Queensland

Coronavirus: Boy, 8, confirmed as third case in Queensland

Australia now has 13 confirmed cases of the deadly coronavirus after an eight-year-old boy was isolated in a Queensland hospital. The child, from Wuhan which is the epicentre of the virus outbreak in the central China province of Hubei, was a member of a tour group travelling in Australia in late January. Two other people...

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Panasonic pulls out of Australian television market

Panasonic pulls out of Australian television market

Japanese technology giant Panasonic will no longer sell televisions in Australia citing current market conditions as the cause. Panasonic Australia informed its retail partners yesterday of its decision to withdraw so it can focus on “other established and emerging areas of the business”. “Our current range of high-quality television models will continue to be sold...

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Blackberry phones to disappear from market as production stops

Blackberry phones to disappear from market as production stops

Sorry, BlackBerry fans. The iconic, full-keyboard smartphones may be disappearing once again. TCL Communication, the electronics company that has been making BlackBerry smartphones, said Monday that the partnership has ended and it will stop selling BlackBerry-branded mobile devices in August. TCL no longer has the rights to “design, manufacture or sell” any new Blackberry devices,...

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Zuckerberg expecting huge backlash over Facebook’s ‘new approach’

Zuckerberg expecting huge backlash over Facebook’s ‘new approach’

Mark Zuckerberg says Facebook will stand up for principles like free expression and encryption, even if it means facing a backlash. “This is the new approach, and I think it’s going to p-ss off a lot of people. But frankly, the old approach was p-ssing off a lot of people too, so let’s try something...