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10 things you need to know this morning in Australia

Wednesday 8 April 2020

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10 things you need to know this morning in Australia

Good morning and enjoy your long weekend (indoors).
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Australians warned they could be taxed for 'a generation' to pay off $1 trillion debt, as the budget blows out fighting the coronavirus

An entire generation of taxes may be required to pay for the coronavirus wage subsidy package passed on Wednesday.
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Bernie Sanders drops out of the 2020 presidential race

His exit from the race makes former Vice President Joe Biden the presumptive Democratic nominee in the race against President Donald Trump.
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The largest iPhone maker in China has reopened, and it's taking extreme lengths to stop the spread of coronavirus, like barring workers from facing each other in the cafeteria

Apple's largest manufacturing partner is imposing strict measures as it remains doggedly committed to a launch date.
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Australians are jumping into the sharemarket at the moment with both feet. This is where they're investing.

We've been flooding back into the stock market amid enormous volatility.
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Chris Hemsworth and Kayla Itsines are riding the fitness boom, as Australians workout from home

The shelves that were once filled with coloured dumb-bells and kettlebells are now empty. Welcome to the second wave of pandemic buying: at-home gym gear.
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Meet Australia's newest unicorn SafetyCulture, the $1.3 billion company backed by former PM Malcolm Turnbull

Early employees who sold down their equity have made an absolute motza.
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Uber is trialing a parcel delivery service for businesses, as demand for rideshare dwindles

Another day, another rideshare company needing to diversify, as coronavirus scares passengers away.
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Trump threatened to cut off funding to WHO, saying it seems to 'err always on the side of China' even though 'we fund it'

"We're going to put a very powerful hold on it, and we're going to see." Minutes later, he said he had not yet made a final decision on the cut.
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86400 has nabbed another $34 million in first round funding, as neobanks go hunting for capital

Its CEO said the neo will use the new investment to continue growing, aiming to have 500,000 accounts within 12 months.
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Boris Johnson 'has not needed mechanical ventilation' after a 2nd night in intensive care

The UK Prime Minister is in a stable condition, the health minister said on Wednesday.
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The best podcasts to help you reach your savings goals this year

Think of it as a free way to develop the money skills you weren't taught in school.

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