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Yahoo Finance's Monday morning wrap

George Calombaris' restaurants at risk - and more in our morning wrap. Source: Getty

Good morning.

Here’s everything you need to know in finance today.

The ASX is set to open flat amid renewed global concerns about the coronavirus.

The Australian dollar fell to 67.18 US cents on Friday, and was buying 66.75 US cents at 7am AEDT this morning.

George Calombaris’ restaurant empire is facing voluntary administration, after it emerged last year staff were owed $7.8 million in unpaid wages and superannuation.

The celebrity chef’s Made Establishment group will reportedly make a decision on whether or not it will go into administration after a meeting this afternoon.

Mercedes Benz’s parent company Daimler is ramming up its cost-cutting measures with plans to now axe 15,000 jobs worldwide - up from 10,000 last year.

Struggling with productivity at work? Here are five workplace habits to boost your productivity levels and make 2020 your most rewarding year yet.

Cut customer experience: As far as corporate phrases go, there are some that are hated more than others – and then there are some that even executives are tired of.

Here are seven phrases these executives want us to stop using.

Have a great day.

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