10 things you need to know this morning in Australia

Good morning all.

The Australian government has handed down the Federal Budget. Here's everything you need to know.

Josh Frydenberg has handed down the 2021 Budget, unveiling the federal government's planned spending measures for the next 12 months. They include a tax cut for middle to low income earners, childcare subsidies, and an additional $2.3 billion boost for mental health care.

Australia's international borders won't be opening until mid-2022, the Federal Budget makes clear

The Federal Budget confirms Australia's borders won't be opening until mid-2022, reaffirming comments made by Treasurer Josh Frydenberg on Monday. Australia's international borders have effectively been closed since March 2020.

The Morrison government wants to take foreign investment and talent from places like Hong Kong. Here's how it plans to do it.

The federal government is making a $550 million pitch to attract global investment and expertise to Australia. According to the AFR, the package will see the ATO set up a special concierge service for foreign investors amongst other measures, on the back of a fast-tracked visa initiative.

Units in central Sydney and Melbourne continue to sit empty, bucking national trends in the rental market

Rental vacancies continued to climb in central Sydney and Melbourne through April, defying trends seen nationwide. Extended international border closures have kept inner-city units empty, even as the market tightens in suburban and regional Australia, SQM Research states.

Live events in Australia are set to become worse, rarer, and more expensive as the industry calls for urgent government support

The Australian events industry says it is facing the scrap heap after federal and state governments have ignored its pleas for help. It is asking the Morrison government to underwrite COVID-19 cancellation insurance and offer direct grants to operators to ensure events continue in Australia.

Bill and Melinda Gates' first divorce hearing is set for this Friday

The couple was married for nearly three decades and jointly run a massive charitable foundation.

Employers struggling to fill entry-level roles could soon turn to TikTok to recruit

TikTok is testing a new feature to help Gen Z connect to job listings right on the app, Axios reported.

Coinbase is no longer allowing new hires to negotiate their salaries: 'We are OK if we lose some candidates due to this decision'

"If you pass our bar and are hired to do the same work, you get the same offer as the next candidate for a role," Coinbase said announcing the change.

Business owners looking to expand their reach should consider using tools like AI-powered automation

There are plenty of reasons why a business struggles to expand, remaining at a standstill while similar businesses flourish. Granted, the past year has thrown an unpredictable spanner in the works, however, there are a few tools at your business' disposal that can assist in recovery and more importantly, growth.

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