Welcome to the daily market update of Kalkine, let you walk through what's going on in Australia
The Queensland Government is offering $200 million to help rescue Virgin Australia but says it will not be enough to keep the airline afloat. The airline has asked for a $1.4 billion loan from the Commonwealth to help it through the coronavirus pandemic, but it has so far been offered a share of $165 million.
Woolworths has announced further social distancing and hygiene measures, in a bid to help stop the spread of coronavirus in its stores. In an email to customers, the supermarket giant confirmed two new changes, including the introduction of screens at self-serve checkouts and hand sanitizer stations.
Federal Labor is urging the Morrison government to help the crew of the COVID-19 infected Ruby Princess, as the owner of the cruise liner company is being sued by the family of a US citizen who died from the disease.
Labor says the government must not force the vessel to leave Australian waters with crew members on board who have tested positive to the coronavirus. More than one hundred crew members on the Ruby Princess have contracted COVID-19 with a number already being airlifted to Sydney hospitals.
the government won’t force Australians to download tracking software after it was viewed by many as a draconian measure to trace coronavirus cases in the community.
On Friday, Scott Morrison said he wanted to make the app compulsory if enough people didn’t sign up for it because at least 40 percent of the population needs to be on board to make it effective. But in a tweet this morning, he confirmed it “will not be mandatory”.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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