Johnson & Johnson loses the vaginal mesh lawsuit
More than 1300 women in Australia affected by Johnson and Johnson's faulty transvaginal mesh devices banded together in 2017 to sue for damages, including physical as well as psychological pain suffered by the victims. The court ruled that Johnson and Johnson's aggressive marketing strategy and negligence of ethical testing procedures constitutes a breach of trust. The decision has been lauded by women's rights activists worldwide as a landmark judgment.
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Australia expects the biggest budget deficit since World War II
Coronavirus pandemic has ended the three-decade growth of Australia as its budget deficit is expected to deepen significantly. The government said its budget deficit is forecast to deepen significantly to 85.8 billion Australian dollars ($61.27 billion) in the financial year that ended on June 30 and further widen to 184.5 billion ($131.78 billion) in the new fiscal year, biggest since the World War II
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CNBC
Qantas to cut 6,000 jobs due to coronavirus pandemic
Australia’s national carrier Qantas announced that the airline will cut 6,000 jobs to survive the pandemic period. The cuts equate to about a fifth of the airline's workforce before the Covid-19 crisis. In March, it furloughed more than 80% of its staff. Qantas said the collapse in global air travel had devastated revenues. Last week, the Australian government said its border would most likely remain closed into next year
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BBC
Italian shoe designer Sergio Rossi dead from COVID-19
Sergio Rossi, the 85-year-old Italian women's footwear designer responsible for founding the high-end women's footwear industry in the mid-20th century, has passed away due to the COVID-19 infection. Rossi passed away in his hometown of Cesena in central Italy. The country's coronavirus death toll is the highest in the world at 13,915 confirmed deaths.
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Reuters
Governments to bail out coronavirus-hit airlines on verge of bankruptcy
Following emergency bailout programs from the governments of Sweden and Denmark to support national airlines with 300 million USD in loan guarantees, Australia and Taiwan have joined the growing list of world governments who are taking measures to bail out airlines on the verge of bankruptcy due to the coronavirus pandemic, with Australia refunding and waiving charges to domestic airlines and Taiwan approving subsidies and loans for its airlines.
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Reuters