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.
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.
How do I apply for free childcare?
With many families stressed about coronavirus, still going to work and looking after their children, free childcare is a welcome relief, but how do you apply?
$130b wages package to pass today
Wage subsidies designed to save six million jobs will be approved by federal parliament when a reduced number of politicians meet in Canberra.
Australia forced into ‘brutal’ decision
Now that Australia appears to have got the coronavirus under control, it faces an even more disturbing choice on how to end the epidemic.
‘Eliminating’ virus too high a cost
Scott Morrison has made clear his view that any attempt to eliminate COVID-19 entirely in Australia would carry too high an economic cost.
‘What happens if I can’t pay my rent?’
You’ve lost income because of the coronavirus crisis and finding it hard to pay the bills. What if you can’t pay your rent in Australia?
1.1m Aussies screwed out of $1500 payment
Casual workers have received a fresh blow after it was confirmed those in the job for less than a year would miss out on the subsidy.
‘Pandemic leave’ saving Aussie jobs
Australian workers are set to score special unpaid pandemic leave as a result of the coronavirus crisis – and it could save your job.
$5k virus tax loophole you should know
The deadly coronavirus pandemic is devastating the Australian economy – but it could end up saving you thousands in income tax.
New rules for ‘dark kitchens’
The coronavirus crisis has devastated many businesses – but new rules announced today are helping NSW restaurants stay afloat.
China’s millions of masks amid shortage
A China-based global firm is aggressively marketing a stockpile of millions of face masks back to Australia as our health system suffers a national shortage.
Qantas wants billions if Virgin gets bailout
Qantas has demanded a multi-billion dollar bailout if competitor Virgin receives financial support from the Government amid the coronavirus crisis.
Classic Aussie response to virus crisis
Forget loo rolls – new research has revealed exactly what Australians are buying during the pandemic, and it won’t surprise anyone.
Who misses out on ScoMo’s $1500
It has been praised as “country-changing” – but there are plenty of big losers in Scott Morrison’s unprecedented JobKeeper package.
New jobs on offer amid virus shutdown
As job losses rise and welfare queues lengthen due to coronavirus business shutdowns, these are the thousands of jobs still on offer.
Original URL: https://www.news.com.au/world/coronavirus/economy/page/12