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10 things you need to know this morning in Australia

Thursday 19 March 2020

Business Outsider

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Australia will suffer 'significant job losses', the RBA admits, as it implements measures to fight the economic impact of the coronavirus

The Reserve Bank of Australia (RBA) has addressed the country after announcing an emergency stimulus package. Governor Phillip Lowe said Australia would suffer "significant job losses' due to the coronavirus crisis.
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All non-citizen, non-resident travellers will be banned from entering Australia from Friday night

All non-residents and non-citizens are now banned from entering Australia. Prime Minister Scott Morrison announced the measures, saying they were necessary to fight the spread of the coronavirus.
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These are the industries taking the hardest initial hit from the coronavirus pandemic

As the coronavirus outbreak rages on, the economic toll is fast-emerging. Spawning a wave of employees working from home, self-isolation measures, general anxiety, as well as a variety of government restrictions, the coronavirus has managed to swiftly curtail spending.
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Interest rates in Australia have been slashed one final time to 0.25%, a historic rock bottom for 'unprecedented times'

The RBA has announced an emergency stimulus package on Thursday, cutting the official interest rate out of cycle to 0.25%. It's the second cut in just three weeks as the RBA seeks to contain the coronavirus fallout to the economy.
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Afterpay CEO Anthony Eisen defends the company's model after $1.4 billion was wiped from its value

Anthony Eisen says Afterpay is yet to see any impact on its business and is well positioned to weather the "unprecedented environment", after $1.4 billion was wiped from the buy now, pay later company's market capitalisation on Wednesday.
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Tesla is shutting down its factory due to coronavirus, but it has enough cash to stay in business for a while

Tesla said that it would suspend production at its Fremont, California, factory beginning March 23. The company said that "continued operations" had caused challenges for employees and suppliers.
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Italy just surpassed China as the country with the highest coronavirus death toll — 3,405 people there have died

Italy has overtaken China as the country with the most coronavirus-related deaths. The nation's outbreak has killed 3,405 people and infected 41,035 others as of Thursday. China, where the COVID-19 virus originated, has confirmed 3,249 deaths.
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Dow climbs 188 points as coronavirus stimulus measures calm investor nerves

US stocks rallied amid additional stimulus efforts from governments and central banks. The gains comes as forecasts for a US recession intensify.
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3 common communication mistakes that are hindering your career in the finance industry

Technical know-how is important in any industry, and the financial sector is no different, but that alone may not be enough to set you apart from your peers.

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