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Insurance giant QBE says its exposure to business interruption insurance claims by UK customers will be limited to $US75 million ($A115 million) because of reinsurance. QBE said it usually provides business interruption insurance as part of a broader policy covering property damage and noted its business interruption policies typically do not cover claims arising from COVID-19.
Australia's exports and imports both pared down in April, preliminary figures for the month from the Australian Bureau of Statistics showed on Monday. Exports of goods and services fell $4 billion or 12 per cent from March's record high to $31.44 billion. The decrease was led by a $1.7 billion decrease in exports of non-monetary gold following significant trade last month.
