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10 things you need to know this morning in Australia

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businessinsider.com.au

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edm@businessinsider.com.au

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Wed, Mar 11, 2020 10:16 PM

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Morning, team. The World Health Organisation on Wednesday declared the coronavirus outbreak a pandem

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( Morning, team. [Enable Images to View]( [World Health Organisation declares the coronavirus a pandemic]( The World Health Organisation on Wednesday declared the coronavirus outbreak a pandemic. The novel coronavirus that emerged in China last year has sickened more than 121,000 people and killed over 4,300 people. [Enable Images to View]( [The ASX entered the fastest bear market on record on Monday, having plummeted 20.5% in just 14 days]( The ASX 200 entered a bear market on Wednesday, defined as a fall of 20% or more. The share market has fallen 20.5% in just 14 days, the sharpest fall in Australian history. [Enable Images to View]( [Online travel agency Webjet has reported a significant rise in cancellations because of the coronavirus]( Webjet has reported a decline in travel bookings amid the coronavirus. The travel agency has also seen a rise in people cancelling their near-term travel plans. [Enable Images to View]( [Australia's healthcare system will receive an 'unprecedented' $2.4 billion support package to tackle the coronavirus. Here's what it covers.]( The Australian government has announced it will spend $2.4 billion to boost the national fight against coroanvirus. Unveiling the package on Wednesday, the government committed the money to the country's hospitals, aged care and research facilities, as well as to further stockpile essential medicines. [Enable Images to View]( [Harvey Weinstein has been sentenced to 23 years in prison for sexual assault and rape]( Harvey Weinstein was sentenced on Wednesday to 23 years in prison for rape and sexual assault. The sentence came more than two weeks after a jury convicted him of first-degree criminal sexual act against the former production assistant Mimi Haleyi and third-degree rape against the hairstylist Jessica Mann. [Enable Images to View]( [Enable Images to View]( [Popular Tasmanian arts festival Dark Mofo has been cancelled because of coronavirus concerns]( Dark Mofo 2020 has been cancelled because of coronavirus concerns. The winter festival was slated for June 2020 and has been postponed to 2021. [Enable Images to View]( [The Australian economy and share market have been getting battered by the coronavirus for weeks. Here's what analysts say we should expect next.]( The coronavirus outbreak is exacerbating market volatility and threatens to put a handbrake on global economic growth this year. It poses risks to sectors of the Australian economy, raises the possibility of a global and Australian recession, and could further hamper Australian businesses. [Enable Images to View]( [Italy recorded its most deaths from the coronavirus in a single day, more evidence it's now the hardest-hit place on Earth]( Italy recorded 168 new deaths from the coronavirus on Tuesday, the highest leap in fatalities in a single day in the country. Italy's total death toll was at 631 on Tuesday, and the number of infections soared past 10,000. [Enable Images to View]( [Aussie director Hannah Lehmann shoots original content for Snapchat. She explains what makes the platform unique.]( Snapchat's parent company Snap is investing in Aussie talent, partnering with Screen Australia to give two Aussie filmmakers funds to develop a series. [Enable Images to View]( [The best podcasts to help you reach your savings goals this year]( Podcasts have become a resource for Australians seeking financial advice. They provide a free service that can help develop basic money skills we weren't taught in school. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](

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