In its attempt to fend off tech companies, Commonwealth Bank is the latest big Australian company to launch a new incubator for startups.

The Australian business community is preparing for another wave of hits from the coronavirus as countries around the world continue close the door to Chinese tourists and the Chinese economy slows down big time.

The owner and CEO of L Brands, owner of Victoria’s Secret, is in talks to step down - and as a result, the company’s share price jumped 12%.

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