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Infrastructure projects to watch in Australia in 2021

The impact of the pandemic has exacerbated the need for increased government spending. For instance, a 200% increase in migration from major cities to regional cities means that there is a rise in demand for utilities in regional cities. Unemployment has also been another major fallout of the pandemic. As of November 2020, Australia’s unemployment stood at 6.8%.

 

Microsoft to buy LinkedIn for $26.2 billion; LNKD shares jump 47%

Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn for $196 per share.

Shares of LinkedIn surged 47 percent after the announcement to near $193, while Microsoft’s stock was down 3.2 percent. Trading in Microsoft had been halted briefly for news pending before the announcement of the all-cash deal.

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