Litres of free beer headed to pubs
Outback pubs and clubs are set to open their doors for the first time and the beer tab will be picked up by one of Queensland’s best breweries.
Economy
Surprise prediction for property prices
An expert known for calling real estate booms has tipped what’s going to happen to property markets amid the coronavirus crisis.
Growing fears of China milk ban
There are growing fears of a trade war with China, as Beijing once again lashes out at Australia for pursuing a COVID-19 probe.
‘Trade war’: China bans Australian meat
China’s suspension of meat imports from Australian abattoirs amid rising tensions with Beijing signals the start of a “trade war”, one expert says.
Treasurer’s second coughing fit in a week
Josh Frydenberg gave a key speech on the economic impact of the COVID-19 crisis – but all anyone noticed was his “worrying” cough.
‘It should go’: Calls to end JobKeeper
Liberal MPs are urging Prime Minister Scott Morrison to “turn off” the JobKeeper $1500 payment when children return to school.
Beautician’s X-rated career change
A Queensland beautician saw her income disappear overnight when virus restrictions came in. Now she’s making almost $1000 a week.
Massive Budget deficits forecast
Deloitte is forecasting massive budget deficits over the next few years and a slump in economic growth as a result of the coronavirus pandemic.
Aussies are saving up to $12m a day
It’s an unexpected silver lining of the COVID-19 pandemic — Aussies are saving roughly $12 million a day by avoiding public transport costs.
‘Hard to do sex work from 1.5m away’
Sex workers are concerned the Government has no plans to let them get back to one-on-one work as lockdown restrictions ease. Warning: GRAPHIC.
Nation’s ‘arrogant’ virus response
Sweden’s response to the coronavirus pandemic has caused much controversy with pubs and restaurants still open. This is what life is like there.
‘Not business as usual’: Shoppers warned
Social distancing became impossible to follow yesterday after shoppers packed out shopping centres to get a Mother’s Day gift.
‘Eating ramen’: US jobless rate soars
Unemployment in the US hasn’t been this bad since the Great Depression, with laid-off workers struggling to make ends meet.
Aussie city that could suffer post-COVID
All our cities are set to feel pain as tourists, students and migrant numbers drop massively. But one Australian city will suffer the worst.
Massive cost of pandemic on families
The number of loans being deferred continues to roll on with a total of more than $200 billion now pushed back.
Graph points to ‘unprecedented’ collapse
Thousands of Aussies are out of work – now new data warns things are about to get much worse. And one group will suffer more than others.
‘We’ll do it again’: Trump vows rebuild
Donald Trump says “we built the greatest economy the world has ever seen and we’ll do it again” as he pushes states to end coronavirus lockdowns.
How pubs will change when they re-open
Punters will change how they order their beer and chicken parma as part of suggested measures to get pubs and hotels open again.
Myer opens stores in two states
An easing in social distancing restrictions has allowed the department store to begin planning for post-pandemic operations.
Embattled airline announces big job losses
Virgin Atlantic and Virgin Holidays will cut thousands of jobs, raising questions about what will happen to Australian workers.
Westpac profit plunges 70 per cent
The major bank joined rival ANZ in cutting its payout to shareholders as the deadly virus slashed its cash profit by nearly $1 billion.
Meatworks cluster ‘sign of things to come’
A serious outbreak of coronavirus at a meatworks in Melbourne is inevitably a sign of things to come, the Chief Medical Officer has warned.
New curve we need to flatten
Australia has successfully managed the health challenges of the coronavirus pandemic, but now a new and significant curve confronts the country.
Huge cost of shutting down schools
Prime Minister Scott Morrison has revealed the huge economic cost of the school shutdown as he warns re-opening schools is crucial.
‘Too ambitious’: Ardern defends ‘bubble’
Reopening travel between New Zealand and Australia may be announced today, but there are concerns we may be opening borders too soon.
Qantas extend flights cancellations
Qantas has announced it will be extending the suspension of domestic flights until the end of June, and international flights even longer.
Hanson: ‘Decades of being called racist’
Pauline Hanson has claimed vindication for “decades of being labelled racist” after what she’s calling a “stunning backflip” from the Labor Party.
‘Not happy’: Aldi receipt causes huge divide
We’re all tightening our belts to survive the global pandemic, leading one mum to discover an Aldi charge she had no idea about.
Luxury item Aussies are snapping up
As we continue to spend time indoors, there’s been an unexpected demand for one homewares item that Aussies have been buying big on.
What if the recovery is not V-shaped?
Australia is predicted to see an economic bounce back in 2021 but what will happen if the V-shaped recovery decides to take the form of an L instead?
Another big virus restriction relaxed
New South Wales will wind back another significant coronavirus ban next week, and it’s one that has a significant economic impact.
Global economy falls off a cliff
One in five Americans could soon be unemployed, while 19 Euro area economies shrunk as statistics show a glimpse of COVID-19 economic chaos.
Stores that ‘may never reopen’ after COVID
Expect major changes in your local shopping centre as the coronavirus pandemic inspires a “seismic shift” in our retail habits.
Woolworths reports massive sales jump
The major department store has reported a bumper quarter but its result has fallen short of arch rival Coles.
ANZ profit tumbles 62 per cent
The major lender has copped a $1 billion hit from the coronavirus pandemic and will not provide a payment to its shareholders.
States set to prosper post COVID-19
Australia’s finances are taking a thumping but some states’ economies may fare better than others – particularly if China can keep coronavirus under control.
Coles’ panic-buying huge sales boost
The supermarket giant recorded a strong jump in online business as consumers needed more cleaning products and relieved boredom through baking.
State to get rid of stamp duty
One state is reportedly considering dumping a costly homebuyers tax after the housing market was hit hard by the coronavirus pandemic.
‘Lost for words’: Note stuns cafe owner
A struggling Melbourne cafe owner received the shock of his life when he opened a letter that was slid under his door.
US moves to reopen within weeks
The US is poised to reopen its economy within weeks, despite the country being in a “grave situation” due to the coronavirus pandemic.
Why you can’t return to work yet
Scott Morrison has suggested it’s time to start talking about returning to the workplace, but for most of us that won’t happen any time soon.
Billionaire’s firm scores $6.4m stimulus
US rich-lister Trevor Milton is worth a staggering $1.7 billion – but that hasn’t stopped his company from being showered in stimulus money.
Treasurer’s forthright message to bosses
Treasurer Josh Frydenberg has issued a warning to employers planning to claim the Government’s JobKeeper payment.
Boss vs worker: Who’s in the right?
A war of words has erupted between an Adelaide boutique owner and her employee over the $1500 JobKeeper payment. So, who’s in the right?
Grim warning over ‘next pandemic’
The coronavirus crisis is wreaking havoc across the globe – and it has created the “perfect storm” for a looming financial pandemic.
Sign dark days ahead for Aussie shares
Australians have been warned against investing in the share market after many were fooled into thinking the pain was over.
Huge impact of toilet paper stockpiling
Australia has recorded an ‘unprecedented’ result on the back of panic-buying shoppers and incredible toilet paper sales.
‘Biggest contraction since 1930s’ looms
Reserve Bank of Australia Governor Philip Lowe has warned of “difficult days ahead” for the economy as the coronavirus crisis rages on.
Virgin’s tough move could make it stronger
Virgin Australia’s voluntary administration could turn out to be a good thing, with history showing other companies came out stronger.
Tax cuts to help with COVID-19 recovery
Tax cuts may be part of measures brought in by the Federal Government to help the economy recover from the impact of the pandemic.
Oil crashes below zero to $-37.63
Oil futures have plunged below zero for the first time as demand for energy collapses amid the coronavirus pandemic.
‘How can you say that?’: Expert savaged
An economist has been criticised for saying Australia shouldn’t have gone into lockdown as part of the fight against coronavirus.
Most worrying sign yet for global disaster
China has experienced it’s worst economic contraction in decades as a result of COVID-19 – and it’s grim news for the rest of the world.
Australia’s chance at eliminating virus
Australia may succeed in eliminating the coronavirus despite not following New Zealand’s approach of a full lockdown.
Why Australia can afford huge stimulus
Suddenly the Government has been spending up a storm, dropping billions in virus stimulus packages – but where is this money really coming from?
‘Disgraceful’ bosses rip off workers
Dodgy employers trying to rip off workers eligible for JobKeeper have been warned by the Prime Minister that they won’t get away with it.
Aussie share market plunges
Australian stocks have been battered once again in a sign these depths of the pandemic-induced falls are yet to be reached.
Genius companies thriving in lockdown
A massive horde of Australians have been forced out of work but a number of businesses are flourishing after repositioning their offerings.
What we’re spending up big on now
We’re tiring of hoarding rice and pasta, even alcohol sales are less than this time last year. But while no one wants new clothes, there’s one area we’re spending big on.
‘Second wave’ Australia should really fear
One in 5 Aussies has already lost their income and the second round of economic contagion is coming – and it’s going to be “ugly”.
Jacinda Ardern takes 20 per cent pay cut
New Zealand PM Jacinda Ardern and her entire ministry will take a 20 per cent pay cut as coronavirus plays havoc with the global economy.
‘Worst recession since Great Depression’
“Great Lockdown”: The economic blow caused by the coronavirus will be “far worse” than the GFC according to a dire outlook from the International Monetary Fund.
‘Heartbreaking’ carnage of Aussie jobs
Australia has been hit with grim jobless figures but the picture would be much worse without the government’s $130 billion intervention.
Desperate Aussies’ $200,000 mistake
A huge number of Australians have applied to withdraw money from their retirement funds, raising fears it could impact on everyone’s nest egg.
Virus exposes Australia’s reliance on world
A new push for self-reliance is underway after shortages of medical and other supplies left the country scrambling in the midst of the coronavirus pandemic.
No evictions for six months
NSW tenants struggling as a result of the coronavirus pandemic will be better protected under a new $440 million rescue package.
Hard virus choice Australia has to make
America has no option but to fight the virus. Our success puts us in a different position. We get to make choices, but those choices are hard.
Problem with controversial virus plan
Australia faces a tough decision about how to end the coronavirus epidemic and one “offensive” option is raising concerns.
COVID’s ‘second round’ impact on Aussies
Australia is putting billions into its coronavirus response but one expert has warned of a “second-round” impact that could cost it even more.
‘Once in a century’ deep recession
A grim forecast reveals the Australian economy still has months of pain ahead of it but there is a bright spot among the “pessimism”.
Why Australia is printing money
Hundreds of billions has been spent to help the economy and interest rates have tumbled. But the central bank has also splashed on another plan.
When $1500 payments will kick-off
The government’s $130 billion wage subsidy scheme has been approved and it could spell massive changes to your normal role.
Huge detail you missed in $1500 payment
A key feature of the government’s JobKeeper wage subsidy has been widely overlooked – and it could be good news for scores of Aussies.
Australia’s grim ‘new reality’
The local economy has been dealt yet another bad “omen” as the government scrambles to keep ahead of the coronavirus crisis.
Original URL: https://www.news.com.au/world/coronavirus/economy/page/10