The Reserve Bank of Australia (RBA) Governor Philip Lowe has warned Australian workers are headed for a "critical point" in September. Lowe flagged the initial six-month limits placed on measures like mortgage repayment deferrals and particularly JobKeeper were fast approaching.
David Jones' sales have dropped during the coronavirus pandemic. Parent company Woolworths Holdings recorded a 35.8% decline in sales at the department store chain.
The amount of office space in the Sydney CBD available for sublease has hit its highest level since the early 1990s recession and is expected to expand further this year as businesses contract or look for ways to save money as a result of COVID-19.
Merivale is reopening several of its venues for up to 50 guests in June. CEO Justin Hemmes said it "marks the real beginning to hospitality's road to recovery."
With the launch of Binge, in conjunction with sports platform Kayo, Foxtel finally has a strong streaming offering that can compete with the likes of Netflix and Stan.
Companies such as NAB and Westpac are gradually getting people back in the office. These companies have introduced measures to ensure worker safety like restrictions on hot desking and physical distancing.
SpaceX designed new spacesuits for NASA astronauts to wear on the rocket company's Crew Dragon spaceship. The company's first crewed launch was originally scheduled for Wednesday but has been pushed back to Saturday. It will be the first time an American spacecraft has carried astronauts since 2011.
Despite the gradual ease of lockdown restrictions across Australia, with cafes and pubs reopening under strict new guidelines, the creative industries are still, for the most part, closed until further notice.
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