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Coronavirus: Unexpected drop in unemployment rate but COVID-induced recession could last years – NEWS.com.au

Coronavirus: Unexpected drop in unemployment rate but COVID-induced recession could last years

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ASX rises; Westpac forecasts October rate cut to 0.1pc – The Australian Financial Review

Australian shares are trading firmly higher; NAB, Westpac tip RBA cash rate and yield curve target will be cut to 0.1 per cent; UK introduces new lockdown measures; Preliminary retail sales fall 4.2 per cent in August; RBNZ keeps rates on hold.

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Westpac is forecasting the Reserve Bank of Australia will cut the cash rate to 10 basis points when it meets in October.
The bank is also tipping the RBA will adopt a 10 basis point three year bond target and adjust the rate on any new drawdown on the term funding facility to 10 basis points.
Westpac chief economist said deputy governor Guy Debelle’s speech on Tuesday gave a fairly clear hint the board would cut the cash rate and other key policy rates when it next meets on October 6.
Westpa…

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TSA starts ‘Prohibited Items Week’ to minimize checkpoint snafus – Fox News

The Transportation Security Administration has kicked off its inaugural “Prohibited Items Week” to help travelers figure out which possessions cannot go on a commercial aircraft.

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The Transportation Security Administration (TSA) has kicked off an inaugural “Prohibited Items Week” to help travelers understand what they cannot fly with.
This new awareness week initiative began on Monday, according to the TSA.
U.S. TO END ENHANCED SCREENING PROGRAM FOR ARRIVING INTERNATIONAL TRAVELERS, CDC CONFIRMS
“Holy smokes, Batman! We are excited to launch our first ever Prohibited Items Week,” the agency wrote in a post that showed a Batman-themed brass knuckle. “Follow along all we…

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Coronavirus updates LIVE: Victoria records 15 COVID-19 cases as US death toll surpasses 200,000; Australia secures COVAX agreement as nation’s death toll jumps to 859 – The Age

The number of confirmed coronavirus cases worldwide has passed 31 million, Johns Hopkins University data shows, while deaths from the virus have passed 966,000.

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Mental Health Minister Martin Foley.Credit:Getty Images
More than $6.5 million in grants will be available for minor upgrades to reduce contamination risks, such as installing sensor taps or modifying facilities.
Mental Health Minister Martin Foley said the lockdown had taken a toll on the mental health of many people and these providers had stepped up during the pandemic.
“We’re ensuring these vital support services are safe and ready for those who need them,” he said.
“We’ve seen increase…

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