10 things you need to know this morning in Australia

[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]( Good morning, folks. [Enable Images to View]( [Victorian businesses ‘don’t know if they will ever be able to reopen’ after the lockdown extension. Here’s what they say they need from the government to survive.]( Melbourne businesses have expressed disappointment at the new 'roadmap' out of the strict COVID-19 restrictions. Many sectors have warned it is unlikely some businesses will ever open again due to the financial cost. [Enable Images to View]( [Australia’s banks expect over 650,000 people will need to defer their mortgages until 2021]( Australian banks will call around 450,000 customers in the coming weeks to reassess hundreds of billions of dollars worth of loan deferrals. With the initial deferral period to conclude at the end of September, customers will need to either start repayments again in full or in part, move to interest-only loans, or defer as far as January. [Enable Images to View]( [The Australian government will spend $1.7 billion to lock in the supply and production of 2 COVID-19 vaccines — but they have to pass trials first]( Prime Minister Scott Morrison announced the Australian Government has signed deals with 2 pharmaceutical companies worth $1.7 billion for the supply and production of two promising COVID-19 vaccine candidates. [Enable Images to View]( [Inner-city retail could take years to recover from COVID-19, says Coles supermarket boss]( The head of supermarket giant Coles has warned inner-city retail could be seriously weakened by COVID-19 for years as fewer workers, students and tourists flock back to CBDs across the country. [Enable Images to View]( [Enable Images to View]( [Victoria will slightly ease its restrictions under its extended lockdown. Here are the coronavirus restrictions in each state and territory.]( Australian states and territories are continuing to lift their coronavirus-related restrictions but Victoria has declared a State of Disaster. It comes after Prime Minister announced a three-step plan for easing restrictions in the country. [Enable Images to View]( ['Finding reliable internet can be difficult': Linktree's CTO has spent 18 months working and travelling in a caravan – here's how he did it]( Linktree CTO Mitch Malone and his wife have been travelling and working from a caravan for the past 18 months. Malone had been a remote worker for around nine years before deciding to work from a caravan in 2018. [Enable Images to View]( [India recorded 90,000 coronavirus infections in one day, overtaking Brazil as 2nd-most-infected nation after US]( India recorded 90,000 new coronavirus infections on Sunday, overtaking Brazil as country with the second-most recorded infections. As of Monday morning local time, India had recorded 4.2 million cases and 71,000 deaths from the coronavirus, according to the Ministry of Health. [Enable Images to View]( [Experts dissected TikTok's algorithm and say a US buyer will struggle to replicate its magic]( Anyone who buys TikTok will struggle to replicate the app's magic if the purchase doesn't include its recommendation algorithm, experts say. Technology experts told Business Insider that TikTok's recommendation algorithm was stronger than those of rivals partly because the company had access to extensive training data. [Enable Images to View]( [4 areas to focus on when future-proofing your skill set]( With COVID-19 altering our economic landscape indefinitely, setting out to develop skills that will translate in an ever-changing, uncertain world is essential. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](