MELBOURNE/SYDNEY Australia's coronavirus hotspot of Victoria state maintained its steady downward trend in new infections on Wednesday as states began easing internal border closures, fuelling optimism about a return to normal.
SYDNEY Australia said on Friday it would ease lending standards for banks in a move designed to free up credit and revive the economy, which slid into its first recession in nearly 30 years due to the coronavirus pandemic.
* Consumer groups warn loosening could cause more harm
(Recasts, adds consumer groups reaction, analysts)
SYDNEY Australia on Thursday unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing small businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the coronavirus crisis.
* Reform to help manage expected spike in insolvencies
(Adds industry reaction, details)
MELBOURNE/SYDNEY Australia's coronavirus hot spot of Victoria is considering easing curbs sooner than previously flagged, the state's premier said on Wednesday, as the two-week average of new infections in the city of Melbourne dropped below 30.
SYDNEY Australia on Thursday reported its lowest one-day rise in new COVID-19 cases in nearly three months, as states said restrictions imposed to slow the spread of the virus will be further relaxed. | Video
SYDNEY/MELBOURNE Australia's Victoria state on Wednesday said the daily rise in infections in its coronavirus hot spot of Melbourne has eased further, putting it on course to relax an extended hard lockdown in the city by the end of the month.
SYDNEY/MELBOURNE Australia on Monday proposed offering incentives worth A$2.3 billion ($1.67 billion) over 10 years to keep the country's four remaining oil refineries open and said it would invest in building fuel storage as part of a long-term fuel security plan.
SYDNEY Australia's state leaders on Friday defended regional shutdowns and internal border closures against increased federal government pressure for restrictive coronavirus measures to be lifted as new case numbers ease.