Qantas is suspending all international flights, will delay its $201 million interim payout, and is standing down two-thirds of its 30,000-member workforce until the end of May in the face of the escalating COVID-19 pandemic.
Nine Entertainment, BlueScope Steel and more companies have joined the flood of listed firms cancelling their earnings forecasts as coronavirus chaos spreads.
Oil prices plunged overnight, with US crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse.
Investors have dumped gold in favour of cash after US stimulus measures failed to calm investors who are nervous about the impact of the coronavirus pandemic.
AFL boss Gillon McLachlan has announced the league will proceed with Round 1 as planned, with the first match to be played between Richmond and Carlton at the MCG tomorrow night.
Engineering and construction contractor Monadelphous no longer expects its revenue to grow by 10 per cent this financial year, saying the economic slowdown and uncertain outlook meant it was unable
A growing number of hospitality venues are either closing or revising their operations, after the Prime Minister announced the ban of all non-essential gatherings of 100 plus people. The ban is effective immediately and will impact religious services.
Perth technology company Track'em has been awarded its second contract with Downer this year for the provision of its cloud-based asset tracking software.
National construction company Built has won its second major project in Western Australia this month, after entering an early works agreement with aged care operator Curtin Heritage Living.
Euroz has flagged an $8 million hit to its earnings after pulling out of its 80 per cent-owned Prodigy Investment Partners joint venture, which had underperformed in recent years.
Marine technology company VEEM has secured a $9 million order from the Australian Submarine Corporation for specialised parts for the Collins-class submarine maintenance program.
Keith Bowker, who was previously banned six years from providing financial services, has received a reduced ban of two years after appealing the ASIC decision to the Administrative Appeals Tribunal.
The owner of Northbridge bars Ezra Pound and The Bird, Kabir Ramasary, has added another two hospitality venues to his portfolio with the opening of Northbirdge Dining Room and Northbirdge Wine Bar last month.
The growing global appetite for state involvement in industry, as evidenced by two recent decisions of Boris Johnson's new government in the UK, is also taking hold in Australia.
Australia has upgraded its international travel advice to the highest level, with all citizens being told not to travel overseas because of coronavirus. It comes as Virgin Australia suspended all international travel for more than two months.
Australia's rollercoaster share market has plunged more than four per cent amid a raft of profit warnings, an unprecedented travel ban and cancelled flights.
Gold prices have jumped as a five-session decline in the bullion market led bargain hunters out in force, with Federal Reserve's announcement to boost lending soothing market fears over a crunch in liquidity.
UPDATED: Two John XXIII high-school students have returned negative coronavirus tests, while a third student in Year 12 is awaiting results, the school announced. It comes after one of the children's parents tested positive to COVID-19 on Tuesday.
Spanish engineering giant ACCIONA is continuing to challenge CPB Contractors' dominance of the Western Australian infrastructure market, with the two groups heading competing consortia for the Bunbury Outer Ring Road.
The Australian Hotels Association WA has made a number of recommendations for the state's hospitality sector to reduce the spreading of COVID-19, with Crown Resorts in Perth extending its social distancing measures to Perth.
