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10 things you need to know this morning in Australia Good morning.

Australian spending has plummeted by 20%, with punters shelling out less on booze, clothing, recreation and transport Australian spending has contracted by 20% on last year's levels, according to the latest spending data from the Commonwealth Bank. It's seen alcohol spending plummet, after a surge in demand in March, along with spending on clothing, recreation, personal care and transport.

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.

Apple finally announced its new iPhone SE: A smaller, cheaper iPhone that's about half the price of the iPhone 11 Apple on Wednesday announced a new version of the $US400 iPhone SE, an update to the smaller, cheaper iPhone it released in 2016. It comes with a 4.7-inch display, like the iPhone 8, and runs on the same processor as the iPhone 11 and 11 Pro.

China knew the coronavirus could become a pandemic in mid-January but for 6 days claimed publicly that there was no evidence it could spread among humans China knew the novel coronavirus could spread among humans and become a pandemic but didn't tell the world for six days, The Associated Press found.

Delivery apps like Bopple and Mr Yum are targeting Aussie restaurants which don't want to pay the higher fees of Uber Eats and Deliveroo Some restaurant owners have expressed concerns about the high commission fees charged by food delivery platforms such as Uber Eats and Deliveroo.

Impossible Foods is hiring in Australia, confirming the US plant-based meat company is taking a shot at the local market US plant-based meat giant Impossible Foods is advertising for a role in Australia, suggesting the company is making its long-awaited entry into the local market.

6 European countries are starting to lift restrictions, but they have had hugely different results in tackling their coronavirus outbreaks A host of European countries are starting to lift their lockdowns even though they have had varied success in controlling the coronavirus outbreak and are at different stages of fighting it.

Dow dives 445 points as earnings results hint at massive coronavirus impact All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak.

The best books to help you start saving some money – on any salary Nonfiction books can make for a great alternative to fiction if you need some sturdy life advice. Seek out books written by financial experts with a knack for simplifying the complexities.

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