Coronavirus updates LIVE: Elective surgeries to resume; Virgin goes into administration; petrol below 80c; seven new cases in Victoria

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BREAKING: Prime Minister Scott Morrison has announced that elective surgeries will resume after the weekend.

The number of global cases now exceeds 2.4 million, with more than 165,000 deaths.Oil prices tumbled below zero, the latest never-before-seen number to come out of the coronavirus crisis.Australia facing biggest economic hit since Great DepressionPhilip Lowe, Australia's Reserve Bank governor, has warned the country faces its biggest economic hit since the Great Depression.

"As long as these restrictions are in place, we don't have the jobs and incomes that come from these activities," he said. "It is likely that the unemployment rate will remain above 6 per cent over the next couple of years.""In underlying terms, inflation is expected to remain below 2 per cent over the next couple of years and to reach 1 per cent later this year," he said.

NSW Health said one of the woman’s family members is a confirmed case. Investigations are continuing. "This is a very tough day for all the people at Virgin and the thoughts of everyone at the Qantas Group are with them," the larger airline said in a statement.

 

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