The official cash rate has never been lower than today. The Reserve Bank of Australia (RBA) set the interest rate at just 0.5% on Tuesday, just a third of what it was less than 12 months ago. The move lower was widely expected, as the coronavirus outbreak cannonballs Chinese production and threatens supply chains around the world.
It's time for the government to open up the coffers and spend some money, economists have urged ahead of the RBA rate decision on Tuesday. While the RBA is widely expected to cut interest rates to 0.5%, its impact won't come quickly enough to help offset the coronavirus.
Uber will officially launch its Jump e-bike program in Melbourne on Wednesday morning at 6am. Users will be able to access the bikes using the Uber app.
News agency Australian Associated Press (AAP) is set to close in June after 85 years. The company's owners, which include Nine Entertainment Co, News Corp, and Seven West Media, decided the business was no longer viable.
Scott Morrison has personally spoken with the bosses of Coles and Woolworths seeking assurances their supermarkets will not run low on essential supplies as panic buying begins to break out across the country.
Google has cancelled its annual Google I/O developers conference because of the coronavirus, according to multiple reports on Tuesday. The cancellation comes after several other high-profile events have been delayed or scrapped for the same reason, including Mobile World Congress and Facebook's F8 conference.
The UK public could be told to work from home for at least three months under plans being considered by the UK government to stop the spread of the novel coronavirus.
With more coronavirus cases now emerging outside of China than within it, we asked Alex Stitt, who served as chief actuary for both ANZ and the Commonwealth Bank, to explain what you can do to prepare for a potential outbreak.
On Tuesday, BMW took the wraps off its fully electric i4 concept - it's the German brand's crack at a Tesla-rivaling luxury sedan. The car was supposed to debut at the Geneva International Motor Show, but it was cancelled amid coronavirus concerns.
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