Australia steps up lockdown to combat coronavirus spread [Reuters]
TELSTRA CORP S/ADR (TLSYY)
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Source: Reuters
Australia steps up lockdown to combat coronavirus spread MELBOURNE, March 14 (Reuters) - Australia’s prime minister cancelled plans to go to a rugby game on Saturday after a senior minister was diagnosed with COVID-19, while the nation’s treasurer called a second crisis meeting over the rapidly growing economic threat from the coronavirus. Treasurer Josh Frydenberg was set to hold a phone hook-up with Reserve Bank of Australia officials and financial regulators on Saturday, his spokeswoman said, without elaborating on what would be discussed. It will be the second crisis meeting involving the central bank, the country’s prudential regulator and markets watchdog and follows the government’s A$17.6 billion ($10.9 billion) stimulus plan this week to prevent the coronavirus outbreak triggering a recession. Australia has 197 confirmed cases of COVID-19, including three deaths. Prime Minister Scott Morrison on Friday called for an end from Monday to all non-essential gatherings of more than
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