Business news

    ASX200 climbs; Zip Co deal with JB Hi-Fi; Virgin cuts 800 jobs

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    Highlights
    • ASX200 is up 1.63% at 6848.4 just after midday.
    • Zip Co partners with JB Hi-Fi in-store and online.
    • Virgin cuts 800 ground staff jobs days after JobKeeper ends.

    The tech sector is trading higher today boosted by a 4% gain for Nuix, Altium gaining more than 3% and Wisetech trading over 3% higher.

    The Australian market is up sharply today with all sectors in the green except the gold miners. The industrials and consumer discretionary sectors are driving the gains as Atlas Arteria surges 6%.

    Bitcoin continues to climb, up 2.53% in 24-hours trading at US$58,861.38 at 1:45pm AEDT.

    Zip Co has partnered with JB Hi-Fi to provide payment services in-store and online from April in a move to give customers even more access to Australia?s favourite brands.

    Meantime BNPL competitor OpenPay will sell up to 18.5 million shares as part of a debt and equity funding package for access to $67.5 million.

    In the headlines, Virgin has stood down more than 800 ground staff just days after the federal government ended JobKeeper. The government rejected the sector?s calls last week for a special ?Aviation Keeper? package to pay a wage subsidy of $500/week wage for international aviation workers.

    And a new Zoo in Southwest China has gone viral after crowds were shocked to find a cage claiming to have an African lion inside that instead featured a golden retriever dog.

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