Coronavirus in, climate change out: Costello, deVereBY ALLY SELBY | TUESDAY, 28 JAN 2020 12:20PM
With the death toll surpassing 132 and a further 6000 people suspected of being infected, the outbreak of the Wuhan coronavirus has left markets tumbling as fears of an epidemic are stoked by news of the virus spreading around the world.Read more: US, Wuhan, Australia, China, Asia, ASX, deVere Group, Dow Jones Industrial Average, European Stoxx, FTSE, Hang Seng, Nasdaq, Nigel Green, Nikkei, S&P, Shanghai Composite
While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music.
The government's $213 billion stimulus package is set to push up the country's total debt but experts say it is not reason enough to draw down on the sovereign wealth fund.
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
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