27 November 2020
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5 things you need to know today

Switzer Daily
31 August 2020

1. China’s commerce ministry shared new export rules on Friday, which could complicate the sale of popular Chinese app Tik Tok to a US company as demanded by President Trump. Trump threatened the popular app would be banned if a US company did not take ownership. Microsoft, Walmart and Oracle Corp are all in discussions over the purchase of Tik Tok.

2. Queensland is reinforcing restrictions in private and public settings to 10 people as of 8am today after the state recorded 4 new cases of COVID-19 on Sunday.

3. Treasurer Josh Frydenberg announced 60% of JobKeeper payment recipients are from Victoria. The Treasurer said the extension of JobKeeper payments, workplace flexibility and industrial relations are particularly important. The national accounts will be announced on Wednesday.

4. AGL Energy has pursued an agreement for the $115 million acquisition of Click Energy Group Holdings, owned by amaysim Australia. AGL CEO, Brett Redman, said: “the purchase of the Click Energy business and its connection service provider, On The Move, is another step towards AGL achieving our target of 4.5 million customer services by 2024."

5. The Dow Jones closed 0.57% higher to 28,653.87. The S&P 500 was up 0.67% to 3508.01 and the Nasdaq was up 0.60% to 11,695.63.

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