Deals
Australia to Unveil Wage Subsidies, Limits Foreign Takeovers
- Government to announce wage subsidies package later Monday
- Public gathering limited to just 2 people to slow virus spread
A shopping mall stands nearly empty in Melbourne on March 29.
Photographer: Asanka Ratnayake/Getty Images
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Australia will announce further income support for workers on Monday as part of a third stimulus package as the coronavirus savages the economy.
Treasurer Josh Frydenberg also announced tighter restrictions on foreign takeovers, ensuring all proposed overseas investment in Australian businesses will trigger government scrutiny, regardless of the value.