7 May 2024
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AP/JAMES ROSS

5 things you need to know today

Switzer Daily
24 June 2020

1. The spike in COVID-19 cases in Victoria is being pinned, by some, as a result of a lack of communication of social distancing rules in other languages. The government's crisis communication management only reported measures in languages other than English on Monday, and insiders admit it was a "blind spot".

2. Australia is one of just 10 countries to retain a AAA credit rating through the global recession due to COVID-19. Moody's Investors Service said that Australia's AAA stable credit rating reflected the economy's strength and good governance.

3. Corporate travel company Serko has posted a full-year net loss of $NZ9.4m due to coronavirus lockdowns.

4. Virgin Australia bidders Cyrus Capital and Bain Capital are in negotiations with the NSW government, who are looking at options for Virgin's operations to be based in NSW instead of Queensland where it currently operates. The airlines headquarters are a potential $200 million investment.

5. The ASX is set to rise as US markets rose again. The Dow closed 0.50% higher at 26,156.10, the S&P 500 rose 0.43% to 3,131.29 and Nasdaq set another consecutive record, rising 0.74% to 10,131.37. The Nasdaq has only fallen twice so far in June.

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