Scott Morrison has announced venues "where people congregate" will now be shut, to enforce social distancing amid the coronavirus outbreak. Venues affected include pubs and clubs, cinemas, gyms, and places of worship.
The federal government now recommends Australians not take "non-essential" trips within the country, with Scott Morrison saying holidays should be cancelled.
On Sunday morning, the government announced details of its $66 billion second coronavirus stimulus package – with stimulus efforts now totalling $189 billion.
Germany is banning gatherings of two or more people in a crackdown on the novel coronavirus outbreak. Prime Minister of North Rhine-Westphalia Armin Laschet said in a Sunday press conference that the government was aiming to cut down on contact between Germans outside of their immediate families until April 19 at the earliest.
Obama's former top economist is warning the economic crisis that results from the coronavirus could be worse than the 2008 financial disaster. "There is a real danger that the economic crisis that comes out of this health crisis is worse than what we experienced in 2008," Furman told Business Insider in an exclusive interview.
The UK is just two weeks away from a coronavirus outbreak as bad as Italy's. British Prime Minister Boris Johnson says the crisis is "accelerating" and could soon overwhelm the country's healthcare system.
Banks will defer repayments on small business loans for six months, as the coronavirus pandemic threatens to cause significant cashflow problems. "This is a multi billion dollar lifeline for small businesses when they need it most, to help keep the doors open and keep people in jobs," said Australian Banking Association CEO Anna Bligh.
Uber has announced it is suspending its Pool rideshare service to help "flatten the curve" of the coronavirus spread. Uber Pool will be suspended for he foreseeable future in the three Australian cities in which it currently operates: Sydney, Melbourne, and Perth.
Podcasts have become a resource for Australians seeking financial advice. They provide a free service that can help develop basic money skills we weren't taught in school.
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