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10 things you need to know this morning in Australia

Wednesday 12 May 2021

Business Outsider

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Australia will receive 25 million doses of the Moderna COVID-19 vaccine, marking a surprise boost to the nation's lagging rollout

American biotechnology firm Moderna says it will supply Australia with 25 million doses of its COVID-19 vaccine, with the first batch to be delivered this year.
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Tesla suspends Bitcoin payments for vehicle purchases due to the negative environmental impact of cryptocurrency mining

CEO Elon Musk has supported investment in cryptocurrencies like Bitcoin and Dogecoin. Tesla reported buying over $1 billion in Bitcoin in 2021.
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The Women's Budget Statement promises $3.4 billion to address inequality. Women's advocates see a 'really significant missed opportunity'.

Gender equality advocates have welcomed the $3.4 billion in Federal Budget funding for women's economic and personal security, but say the measures should go further.
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These Australian stocks will be supported by the Federal Budget's spending spree, analysts say

A business-friendly federal budget will favour domestic equities, and cyclical stocks in particular, whose earnings are linked to the trajectory of the economy, and stand to participate in the reflationary impulse strategists are counting on.
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Economists warn delays to Australia's international border reopening will cost $40 billion

Australia can expect to see pre-pandemic levels of international travellers return by 2024, the federal government advised in Tuesday's Federal Budget.
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The government says the economy is ready to 'roar'. This is what Australia really makes of the $74.6 billion Budget.

The Federal Budget released on Tuesday evening has been pored over by Australians, economists and lobby groups overnight. Laying out $74.6 billion in new spending measures over five years, many see it as a big spending election Budget, aiming to appease as many voters as possible.
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Qantas has abandoned its plan to restart international flights in October

Qantas has adjusted its timeline for restarting international flights from October to late December. The news comes after the Federal Budget predicted borders will reopen in mid-2022.
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The Budget predicts a 'population-wide' vaccine program by the end of this year – but Frydenberg avoided saying every Australian will be vaccinated by then

A "population-wide" vaccination program will be in place by the end of 2021, the Federal Budget predicts. It's the first solid vaccination target offered since the Federal Government scuppered its original October 31 target in April.
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Amazon Prime Day 2021: Everything you need to know

Amazon Prime Day has cemented itself as a major, can't-be-missed retail sales holiday. With its competitive savings and breadth of deals, Prime Day is just one of the benefits Prime members can enjoy, and it has only grown bigger since debuting in 2015.

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