Exclusive: Sky News has revealed the aged care sector will receive millions in extra assistance as part of the government's stimulus package to combat the economic fallout from the novel coronavirus COVID-19.
The impact of the coronavirus places a "significant challenge" on the Australian economy, but Finance Minister Mathias Cormann insists there will be "great opportunity" on the other side of the crisis.
Footage has captured the moment toilet paper-hungry Australians caused unrest at an Aldi store where a crowd of shoppers can be seen rushing down an aisle to claim the scarce commodity before it was all taken.
The Morrison Government is expected to freeze export costs, dish out money to the tourism industry and provide cash payments to some Australians as part of the $10 billion coronavirus stimulus package.
TV star Scott Cam has defended his $350,000 government ambassador position after it was revealed he had already pocketed more than $100,000 for a total of four social media posts since his position was created.
Qantas has announced it is slashing its international flight capacity by nearly a quarter as demand for travel to northern America and Europe drops significantly due to the outbreak of COVID-19.
Huawei US Chief Security Officer Andy Purdy says "I was not hired to defend Huawei, I was hired to promote a safer cyberspace and that's what I have been doing in 26 countries."
The Morrison Government is expected to freeze export costs, dish out money to the tourism industry and provide cash payments to some Australians as part of the $10 billion coronavirus stimulus package.
The Washington Post's Michelle Ye Hee Lee says "White House advisors are now presenting to the President various policy proposals" for him to consider "to try and fend off some of the economic impacts of the coronavirus".
Sky News Business Editor Ticky Fullerton says "it is a really difficult time in markets" and currently it is a situation where "the lower this market gets, the more there will be pressure on investors who are holding shares".
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