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Labor frontbencher Stephen Jones says it is “completely untenable” for the government to roll back all its financial support schemes as businesses would undergo an “almighty crash”. The Reserve Bank has appealed to the government to extend its Jobseeker and JobKeeper payments beyond the September deadline, as well as push for a plan to guide businesses out of the loan deferral scheme. Mr Jones told Sky News that small businesses alone had accrued $60 billion worth of loan deferrals.
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Stock market confidence to grow as ASX 200 climbs five per cent | Sky News AustraliaThe ASX 200 has climbed about five per cent on Monday and Tuesday despite a 0.7 pre cent drop in the Australian market on Wednesday morning. \n\nThe Dow Jones jumped two per cent overnight, coinciding with the reopening of the New York Stock Exchange which has been closed since the end of March due to the coronavirus crisis. \n\nThe Australian dollar has also climbed against the US dollar as it reached its highest level in 11 weeks, buying about 66.75 US cents. \t \n\n Trying to distract from Trump's election disinformation campaign? Smart move. It's really damaging to conservatism. There is no doubt that this Andrew b*stard needs to be fully force to answer every single detail of what ties he have with the CCP! For all we know any of Aus security(CCP infiltrates) have already 100% been breached&things needs to be look into from bank-account statements+more!
Source: SkyNewsAust - 🏆 7. / 78 Read more »