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Monday, April 20, 2020

Australia faces biggest contraction since Great Depression: RBA...

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April 21, 2020
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RBA governor Phillip Lowe says Australia faces the largest contraction since the depths of the Great Depression but says the economy could begin to recover as early as the latter half of 2020.

Outsiders host Rowan Dean says Prince Harry seems to have "completely lost his head with this particular sheila" as his wife Meghan Markle has led him to the life of "Hollywood (and) virtue signalling".

Virgin Australia Chief Executive Paul Scurrah says the airline will come back "leaner, meaner (and) more robust" as the industry tackles "the biggest crisis" that's ever been faced in its history.

The Australian Bureau of Statistics has announced around 800,000 Australian jobs have been lost in the three week period from March 14 to April 4 – with the employment rate dropping by six per cent.

Scott Morrison has announced the national cabinet has agreed to ease some restrictions on elective surgery, including IVF and hip replacements, after the ANZAC Day long weekend.

North Korea's leader Kim Jong Un is reportedly in "grave danger" after undergoing a cardiovascular surgery earlier this month.

More than half of the 6,641 Australians with confirmed coronavirus cases have since recovered from the virus.

The government is playing a high "political risk" game of chicken with Virgin, according to Sky News Political Editor Andrew Clennell.

Virgin Australia has gone into voluntary administration after the airline failed to secure a financial lifeline.

Shadow Multicultural Affairs Minister Andrew Giles has called on the Prime Minister to show leadership and implement a strategy to stop virus-related racism of Asian Australians.

Labor is calling on the Morrison Government to bail out Virgin Australia to protect thousands of Australian jobs as well as "the national interest".

Matthias Cormann has told Sky News his recollection of the 2016 Liberal leadership spill "substantially differs" from the account given by Malcolm Turnbull in his new memoir.

France has become the fourth country in the world to record 20,000 coronavirus deaths, after the US, Italy and Spain.

Reserve Bank Governor Philip Lowe is expected to call for further policy reform in an announcement on Tuesday in an effort to stimulate business investment.

Disgraced comedian and convicted sex offender Bill Cosby is angling for an early release from prison on compassionate grounds due to the coronavirus outbreak

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