One in two Australian workers could soon be receiving a $1,500 fortnightly wage subsidy to be kept in work. Daily Mail Australia looks at the services jobs coronavirus has destroyed overnight.

Hedge fund manager Dan Niles, who warned clients of the oncoming impact of the coronavirus on global markets, projects up to another potential 30% drop from March's end point is coming.

Griffith University politics lecturer Paul Williams said even a Coalition government would have to consider raising taxes on high income earners to fund job creation programs for COVID-19 victims.

David Blanchflower, who was part of the Bank during the 2008 financial crisis, said unemployment is rising at the fastest rate in living memory as job losses mount around the world and in the UK.

Bestselling author Harry Dent, who predicted the US real estate bubble before the GFC, said Australian house prices would halve as coronavirus caused a depression.

A letter signed by global leaders past and present has urged G20 to prevent a 'global recession becoming a global depression'. Tony Blair and Gordon, among other signatures, support the creation of an $193bn fund.

An artist, designer and mother has shared a powerful image to show why her mental health is struggling during the coronavirus pandemic - and it has struck a chord with thousands online.

Mind Medicine Australia (MMA) has urged the Government to create a mental health taskforce for COVID-19.

China, Australia's biggest trading partner, has suffered its worst economic contraction since Mao Zedong's Cultural Revolution ended in 1976. Here's what it means for you.

Teachers, nurses, doctors, garbage collectors and supermarket shop assistants are the Australians least likely to lose their jobs as coronavirus causes unemployment to double.

Former Telstra boss David Thodey has written a report for the New South Wales Treasury exploring how taxes on home buyers and employers can be scrapped.

New graphs from NRC Health show that all generations, including Generation Z, Millennials, Generation X, Baby Boomers and the Silent Generation reported worsening mental health.

SQM Research chief executive Louis Christopher fears COVID-19 shutdowns and a halt in immigration will cause Sydney and Melbourne house prices to plunge by almost a third by 2021.

The economic shock of coronavirus in Australia has smashed jobs and businesses faster than the Great Depression.

Rudolph 'Rudi' Heider battled the deadly virus for weeks at a nursing home in Chesterfield, Missouri, before he was finally cleared to come out of quarantine on Tuesday - his 107th birthday.

Larry Kudlow said Friday that even though the second quarter of fiscal year 2020 will be worse than the first, he believes the 'worst is nearly over' of economic depression from coronavirus.

Researchers say the drugs may help treat a variety of conditions caused by the coronavirus including stopping the virus from entering cells, preventing lung damage and abating inflammation.

Chuck Schumer said Thursday Democrats are looking to pass a relief package as massive and far-reaching as those implemented during the Great Depression under Franklin D. Roosevelt.

President Donald Trump on Friday predicted the coronavirus would 'go away without a vaccine' and vowed that America is going to 'transition to greatness.'

Nyle DiMarco believes he has contracted the COVID-19 virus.

Economist Peter Sinclair, 73, was the former Prime Minister's tutor when he studied philosophy, politics and economics at Brasenose College in the 1980s.

Russian President Vladimir Putin said in a message to Prime Minister Boris Johnson today that he wanted to 'express my sincere support at this difficult moment for you', according to the Kremlin.

The Cannes Film Festival has been postponed for the first time in its history due to the coronavirus crisis, organisers revealed on Thursday.

The actress, 25, seemed a little low on energy as she strode through LAX in a white turtleneck with loose jeans. After a glam night out, the Brooklyn actress opted for a fuss-free look on Monday.

Horst Seehofer rebuffed the chancellor's outstretched hand at a summit in Berlin this morning - refusing to make an exception to a self-imposed handshake ban.

The Robert Koch Institute, a German government agency responsible for disease control, made the claim on Tuesday as it strengthened the threat risk for Germany from 'moderate' to 'high'.

Angela Merkel urged Germans to heed the stringent confinement measures imposed this week as the number of infections soared over 11,000 today, including 28 deaths.

Angela Merkel went into quarantine just hours after she rolled out tough measures across Germany to stop the spread of coronavirus.

Helmholtz Centre for Infection Research in Braunschweig is carrying out blood tests in order to identify antibodies associated with Covid-19 (pictured, medics treat a patient in Hamburg).

Angela Merkel's government wants to test all suspected cases in Germany and the entire circle of people who have come into contact with a confirmed patient.

Movie lovers in their hundreds turned up at a drive-in cinema in Essen, west Germany, to enjoy a film from their car - while all other movie theatres in the country are closed.

Chancellor Angela Merkel's government has ordered people not leave their homes unless they have an exceptional reason. A distance of at least five feet must be kept from others at all times.

The league's chief Christian Seifert did suggest last week that the current plan is for games to return to all 36 grounds in the top two divisions by the start of May.

Tories have suggested Boris Johnson is 'frightened' of taking chances after his own close call with coronavirus, despite fears the economic havoc might prove even more damaging.

Germany has begun reopening schools and non-essential shops while Spain has announced children will be allowed out of the house as lockdowns ease, as their leaders urged caution.

Clubs in the German top flight have returned to training in the hope that the rest of the season can be finished off - providing Chancellor Angela Merkel gives the green light for action to resume.

European leaders are pushing ahead with plans to ease lockdowns and restart their battered economies amid fears of a second wave of coronavirus cases and deaths.

Germany has eased some lockdown measures but is seeing a rise in the number of Covid-19 cases, with infections rising for the fifth day in a row. Pictured: Graph of Covid-19 cases in Germany.

Germany 's number of coronavirus cases has dropped following five days of rising infections after the government eased the country's lockdown measures earlier this week.

The regional government in North Rhine-Westphalia, said there had been a spike in coronavirus cases after 150 of 1,200 employees  tested positive at a slaughterhouse in Coesfeld.

The Premier League are watching closely as they try to push ahead with Project Restart, which would see the campaign come back on June 12.

The 42-year-old host revealed that Channel Ten is having discussions on whether a live studio audience is safe, amid the coronavirus outbreak.

Channel Ten has cancelled their studio audiences as the coronavirus crisis worsens.

Channel Ten cancelled studio audiences for The Project, Studio 10, Dancing With The Stars and Australian Survivor: All Stars, on Friday.

The daughter of Grease icon Olivia Newton-John, encouraged her fans to come up with their 'best coronavirus dance move'.

Channel 10 is taking precautionary steps after Christian Wilkins took part in Sunday night's live broadcast of Dancing with the Stars.

Sydney breakfast radio hosts Kyle Sandilands and Jackie 'O' Henderson are in self-isolation as coronavirus panic grips the Australian media industry.

Christian Wilkins has tested negative for COVID-19.

Dancing With The Stars Christian Wilkins announced he tested negative for COVID-19 on Thursday.

Christian Wilkins must remain in self-quarantine with his dance partner Lily Cornish until next week, despite testing negative for coronavirus on Thursday.