1. Sydney could remain locked down for four more weeks as new support for businesses and workers is brought in

The $5.1 billion committed in the support package for NSW announced by Scott Morrison and Gladys Berejiklian yesterday, including $500 million per week in payments for businesses where turnover has declined 30%, are based on the assumption that the lockdown in Sydney will continue for four more weeks, the Sydney Morning Herald reported. The current lockdown has not yet been extended past this Friday.

2. PayPal takes on Afterpay and Zip with no late fees

PayPal is launching its 'Pay in 4' for more than 9 million of its customers in Australia today, taking on existing buy now, pay later companies like Afterpay and Zip with an offering that ditches late payment fees. "We are launching with no late fees in Australia because we believe it’s the right thing to do for our customers and will deliver a better consumer experience," said Andrew Toon, the general manager of payments at PayPal Australia

3. NAB in discussions with Citi for potential consumer business takeover

NAB has confirmed it is currently in discussions to acquire Citi's $2 billion retail banking business in Australia. Citi announced its plan to exit its retail operations in Australia and 12 other markets back in April. "There is no certainty these discussion will lead to a transaction," NAB said in its ASX announcement.

4. US city urges against dumping pet fish after giant goldfish found

Officials in Burnsville, Minnesota have asked residents to stop dumping pet fish into the local river after a group of goldfish described as being as big as footballs were found. "They grow bigger than you think and contribute to poor water quality by mucking up the bottom sediments and uprooting plants," the City of Burnsville tweeted.

5. Wall Street stocks dip

Overnight in the US, the Dow Jones fell by 107.39 points or 0.31% to 34,888.79, the S&P 500 dropped 15.42 points or 0.35% to 4,369.21 and the Nasdaq moved down 55.59 points or 0.38% to 14,677.65.