19 April 2024
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AP/Andy Brownbill

5 things you need to know today

Switzer Daily
8 April 2020

1. Cardinal George Pell was acquitted of his sexual assault convictions, yesterday, on the technicality that the claims were not proven "beyond reasonable doubt". Yesterday afternoon, Pope Francis tweeted the following: "In these days of #Lent, we've been witnessing the persecution that Jesus underwent and how He was judged ferociously, even though He was innocent. Let us #PrayTogether today for all those persons who suffer due to an unjust sentence because of someone had it in for them."

2. President Trump says the US will reconsider its monetary contributions to the WHO, after tweeting that they "blew it" when it came to their global coronavirus response. Trump tweeted: "The W.H.O. really blew it. For some reason, funded largely by the United States, yet very China centric. We will be giving that a good look. Fortunately I rejected their advice on keeping our borders open to China early on. Why did they give us such a faulty recommendation?"

3. Australian Prime Minister Scott Morrison has warned that the government's assistance for businesses and workers "cannot go on forever", sparking conversation that normalcy may return quicker than expected. “The states and territories and I are very conscious that the path out of this is not just avoiding the peak (in new infections) but getting­ back to some sense of normality­,” he said.

4. APRA warned, on Tuesday afternoon, that banks should “seriously consider” cutting their dividends until the COVID-19 pandemic restrictions are lifted. “Dividend payments should be offset to the extent possible through the use of dividend reinvestment plans and other capital management initiatives,” APRA Chairman Mr Byres said. “APRA also expects that boards will appropriately limit executive cash bonuses, mindful of the current challenging environment.”

5. The uncharacteristic Wall Street high on Friday was not emulated on Monday. The Dow closed down 0.12% to 22,653.86, S&P 500 was down 0.16% to 2,659.41 and Nasdaq dropped 0.33% to 7,887.26.

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