View this email via your browser

10 things you need to know this morning in Australia Hello team!

Treasurer Josh Frydenberg warns there will be a significant 'debt burden' due to the coronavirus, but says there are no plans to raise GST Treasurer Josh Frydenberg held a press conference on Tuesday afternoon to discuss Treasury modelling which predicted Australia's unemployment rate would jump to 10% in the June quarter.

These 5 charts show why Australian homeowners and investors are increasingly nervous about the coronavirus The outbreak of COVID-19 is already having a broad impact on the Australian property market. With the Australian unemployment rate set to double according to Treasury forecasts, an increasing number of homeowners, investors and renters are likely to face significant financial stress.

Trump orders US to stop funding WHO as it reviews alleged role in what he calls 'covering up the spread of the coronavirus' President Donald Trump on Tuesday announced he would halt funding of the World Health Organisation. The US is expected to conduct a review to assess the WHO's role in what the president called "severely mismanaging and covering up the spread of the coronavirus."

The government is set to subsidise Qantas and Virgin flights between capital cities, to ensure they keep running through the coronavirus downturn Qantas and Virgin Australia are in line for a rescue package worth tens of millions of dollars to subsidise flights between capital cities after the airlines abandoned much of their domestic networks because of travel restrictions crippling demand.

'Tipping is not a great help': Australian restaurants weigh in on the new tipping features from Uber Eats and Deliveroo Both Deliveroo and Uber Eats rolled out features that let users tip restaurants. The Chapel Street Precinct Association said while the tipping service launched by Deliveroo is something, it isn't enough to support restaurants.

Westpac is expecting to fork out more than $1 billion as a result of its money laundering scandal. It would be the biggest corporate fine in Australian history. Westpac has revealed it expects the ongoing AUSTRAC investigation will cost it $1.03 billion. The investigation alleges the bank violated anti-money laundering and counter-terrorism laws some 23 million times in just five years, allowing money tied to child exploitaiton to flow unfettered.

Afterpay has tightened its lending requirements in an effort to protect itself from long-term coronavirus effects Buy now, pay later giant Afterpay has tightened its lending requirements and skewed its offering towards "low-risk" shoppers in a pre-emptive move to protect the company from the long-term effects of the coronavirus.

Invite a llama or goat to your next corporate Zoom meeting or video call for under $100 An animal sanctuary in Silicon Valley called Sweet Farm is letting people pay to get llamas, goats, and other farm animals to tune into their video calls for under $US100.

Over 45% of Aussies have no issue talking to a chatbot. Here's why robots are the future of customer support. As businesses strive to provide the best possible service to their customers, more will continue to turn to solutions powered by artificial intelligence (AI). According to a report by customer service software company Zendesk, the number of clients using the AI-powered chatbot alone has almost doubled over the past two years. 60% of this change has been driven by business-to-consumer companies.

Business Insider Australia © 2020 Pedestrian Group Unsubscribe • Email to a Friend • Privacy Policy