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 all. [Enable Images to View]( [The RBA has kept rates on hold at 0.10%, but warned further outbreaks could derail Australia's recovery]( The Reserve Bank of Australia (RBA) kept the official cash rate on hold at 0.10% on Tuesday as it mulled Australia's economic recovery. [Enable Images to View]( [56,000 jobs were lost when JobKeeper ended, Treasury confirms, as Victoria slogs through its first lockdown without the subsidy]( Nearly 60,000 JobKeeper recipients lost their job shortly after the $90 billion scheme ended in March, the Treasury states. Speaking on Tuesday, Treasury Secretary Dr Steven Kennedy said new single-touch payroll data clarified how many subsidised workers fell into unemployment. [Enable Images to View]( [As Victoria's COVID-19 case numbers climb, industry groups fear a lockdown extension without extra government support]( Industry groups fear Victorian businesses could close their doors for good if the state's snap COVID-19 lockdown extends past Thursday. The lockdown, designed to slow a new coronavirus outbreak in the community, was met with a $250 million emergency funding package from the State Government. [Enable Images to View]( [Sydney property prices are rising by $1,000 every single day, as the median property price looks set to break $1 million]( Sydney property prices rose by 3% in May, or more than $30,000, according to the latest CoreLogic data. Rising at a rate of $1,000 a day, Sydney median home values are on track to crack $1 million by the end of the month. [Enable Images to View]( [Enable Images to View]( [Most Aussie millennials admit they don’t have a savings plan but still hope to own property within 5 years, according to a new survey]( New research from the Commonwealth Bank looking at the attitudes Australian Millennials have towards their personal finances exposes a stark divide between expectations and reality. [Enable Images to View]( [Nine has formalised content deals with Google and Facebook, netting hundreds of millions of dollars over the next 5 years]( Nine Entertainment Co has announced it has formalised deals with Google and Facebook. The deal follows similar announcements by News Corp Australia and Seven West Media earlier this year. [Enable Images to View]( [Zoom beats Wall Street expectations in its first-quarter earnings. Here's how 8 insiders describe its whirlwind year.]( Zoom experienced wild growth in 2020. Now, it faces new challenges and opportunities as it adapts to a post-pandemic world. [Enable Images to View]( [The UK reported no daily coronavirus-related deaths for the first time since the pandemic started]( UK government data on Tuesday indicated zero coronavirus-related deaths had been reported over a 24-hour period. [Enable Images to View]( [Why 99% of CFOs say real-time data could be the key to weathering a COVID-influenced recession]( Despite over a year's worth of economic uncertainty, a recent study found that 7% of organisations have nearly doubled the efficiency and tripled their profit margins, as opposed to 93% of businesses that have remained comparitively stagnant. [Enable Images to View]( Business Insider Australia © 2021 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](