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

Treasurer Josh Frydenberg says the real unemployment rate is 13.3% — nearly twice the official figure Treasurer Josh Frydenberg has revealed the real unemployment rate is 13.3%. The figure is far higher than the headline rate, which doesn't include those Australian workers who have stopped looking for employment during COVID-19.

Millions of Australians will receive tax cuts and one-off payments under another round of stimulus in July A wave of new government support measures are being paid out in July. From Monday, five million eligible Australians will receive a one-off $750 economic support payment.

Didi is launching in 20 more locations in August, including Adelaide and Canberra Didi is launching in 20 more destinations in Australia. These include Adelaide, Canberra, Wollongong and Mackay. It comes after Didi experienced a drop in the number of trips amid stay-at-home restrictions when the coronavirus pandemic first hit.

The University of Queensland has begun human trials of its coronavirus vaccine candidate The University of Queensland (UQ) began human trials of its coronavirus vaccine on Monday. The Coalition for Epidemic Preparedness Innovations (CEPI) tapped the university to develop the vaccine back in January.

Vodafone users can expect an improvement in their mobile network speeds, as the company's $15 billion merger with TPG completes Vodafone customers can expect an increase in their mobile network speeds as the $15 billion merger with TPG Telecom completes and forms Australia's third major telco player.

A very pink 1980s mansion in an exclusive desert enclave near LA comes with neon light fixtures and a waterfall bar. Take a look inside. A seven-bedroom mansion in an exclusive neighbourhood a few hours east of Los Angeles is now listed for $US10 million under its original asking price.

The US budget deficit topped a record-breaking $864 billion in June as the US ramped up COVID-19 spending The budget deficit reached $US864 billion in June, the Treasury Department said on Monday. The federal deficit this fiscal year stands at $US2.7 trillion.

More than 80% of investors fear the market will plummet again before the COVID pandemic ends, UBS says A UBS survey of 3,750 wealthy investors around the world showed 81% of respondents wary of a second market decline before the pandemic is contained.

As fears of a second wave loom, small businesses and local artists need to lean on each other for support 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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