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Covid rewrites Australia’s future with huge drop in population signalling challenges ahead – The Guardian

Population growth of 600,000 fewer people in 2022 a sign of major changes for all aspects of everyday life, Deloitte reports

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Feels like a ‘classic October crash’ is on the way, market strategist warns – MarketWatch

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Thats Bill Blain, strategist at London-based Shard Capital, sharing his ominous take on the stock market on Thursday ahead of what he described as the most critical election in global history and as investors grapple with spiking coronavirus numbers.Winter lockdowns, fears about second and now third waves of infections, and tumbling stocks on the back of prospects for a crumbling economic recovery across Europe have put markets into full tumble mode, he wrote in a blog post. It might be the last…

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Budget airline shares jump on sunnier outlook for travel despite pandemic – CNBC

Sales came in ahead of estimates at both Spirit and Allegiant, and both discount airlines’ executives have touted an increase in demand recently.

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As losses mount for the aviation industry, executives at budget airlines are growing more upbeat, despite recent increases in coronavirus cases, touting their leisure-focused networks and fares that appeal to the most price-sensitive consumers.
Spirit, Allegiant and Southwest, which all have a focus on the U.S. market in common, are the only U.S. airlines up this month.
Spirit’s shares were up 8% in afternoon trading Thursday after the company beat revenue estimates, reporting a smaller-than-expected…

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Iconic SF skyscraper sells for the first time ever – SF Gate

Deutsche Finance America and New York developer Michael Shvo teamed up to buy the…

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San Francisco’s iconic Transamerica Pyramid sold for the first time in its nearly 50-year history Wednesday, with with Deutsche Finance America and New York developer Michael Shvo joining forces to purchase the tower and complex for $650 million.The sale of the 48-story skyscraper and the complex that covers an entire city block marks “the largest commercial transaction in the U.S. since the onset of the Covid-19 pandemic,” Forbes reported.“We’re proud to take on ownership and management of the…

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