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10 things you need to know this morning in Australia

Monday 16 March 2020

Business Outsider

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Woolworths will shut all its stores early on Wednesday night, in order to replenish stock decimated by coronavirus panic buying

Woolworths has announced it will close its stores at 8pm on Wednesday 16 March in order to give its teams a chance to replenish stock. Woolworths Supermarkets managing director Claire Peters said in a press conference the company " not have a concern about the supply" of product.
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Coles announced new measures to keep stores stocked during the coronavirus outbreak, including hiring 5,000 more casual staff and suspending home delivery

Coles has unveiled a raft of new measures to keep its stores stocked amid the coronavirus outbreak. The company is employing 5,000 additional casual workers to help restock shelves and serve customers.
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The RBA is set to expand Australia's money supply, implementing quantitative easing for the first time ever as the coronavirus bites

Quantitative easing, or QE, is set to be implemented in Australia for the first time. Desperate to stimulate the economy, the RBA has flagged it will buy up government bonds to inject more money into the economy, amid the coronavirus outbreak.
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Dow plunges 2,997 points in biggest drop since 1987 as Fed emergency actions fail to calm coronavirus fears

US stocks fell sharply on Monday as investors appear to shrug off the Fed's emergency actions Sunday amid the coronavirus pandemic. The S&P 500 plummeted 8.1% at the open, triggering a 15-minute market-wide trading halt. The Dow Jones Industrial Average slipped 9.7%, or 2,250 points, within the first minute.
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'We are at war': France's president just announced a 15-day lockdown, banning public gatherings and walks outdoors

France's president, Emmanuel Macron, announced on Monday that the country would enact a 15-day lockdown, prohibiting residents from leaving their homes unless absolutely necessary.
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8 tips for crushing your job while working from home, from 6 leaders who have worked remotely for years

Many workers, including all of Insider Inc., are being told to work from home as the coronavirus pandemic sweeps the globe. Working remotely is an adjustment. One of our editors says it can take 3-6 months to get the hang of it.
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Victoria has declared a state of emergency, giving authorities the power to enforce the 14-day mandatory isolation requirement for coronavirus

Premier Daniel Andrews has declared a state of emergency in Victoria, giving the Chief Health Officer powers to enforce the mandatory 14-day isolation period for coronavirus.
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Trump encourages Americans to avoid gatherings of more than 10 people to fight the coronavirus outbreak

President Donald Trump on Monday recommended that Americans avoid gatherings of more than 10 people as the coronavirus continues its rapid spread across the country.
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22% of Aussies had a New Year's resolution to clear their debt. Here are 3 tips for consolidating what you owe.

With Aussies racking up more than $18 million worth of credit card debt over the Christmas period, it's no wonder 22 per cent of them listed getting out of debt as their top New Year's resolution for 2020.

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