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The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.

WA’s Pentanet lines up funds

Brent slid to its biggest daily loss in more than 11 years on Friday after Russia baulked at OPEC's proposed steep production cuts to stabilise prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.

Gold prices fluctuated more than one per cent on Friday, sliding from a seven-year high as investors sold the precious metal to cover margin calls as the rapid spread of the coronavirus hammered equity markets.

After going into liquidation in February, Kosmic Sound has been saved by South Australian business Dale Cleves Music Group, shortly after another iconic WA brand Jeanswest was also rescued.

Andrew Forrest’s Minderoo Group has invested in corporate internet provider Cirrus Communications, which this week unveiled new branding as Swoop.

PODCAST: Dan Wilkie and Matt Mckenzie discuss the ongoing impacts of coronavirus, new economic data, positivity in property, a Liberal Party reshuffle, Andrew Forrest's investments, King Street exodus, the fashion festival, a Roy Hill contractor goes under, and a special report on junior miners.

The Australian share market has suffered its second-worst day of the year as equities were once again routed on fears of the coronavirus.

The former owner of Cloud Nine Vegan cafe in North Perth has been ordered to pay more than $33,000 in back pay and penalties following 24 breaches of the restaurant workers’ award.

New data shows small and medium businesses are waiting nearly two months on average to be paid, with smaller companies having to wait longer than their bigger counterparts.

Marine technology company VEEM has today launched a new gyrostabiliser and a facility with the capacity to produce more than $100 million worth of gyros a year to cater for an anticipated uptick in demand.

Property investment fund Quintessential Equity is sharpening its focus on Perth office assets as it prepares to act on a mandate to invest $300 million across the country in the next 12 months.

Western Australia's liquefied natural gas sector has been largely unaffected to date by the COVID-19 crisis, but a new report shows travel restrictions and declining oil prices could slow development of major projects, including Woodside Petroleum and BHP's $16 billion Scarborough joint venture.

Retail spending stayed weak in January as bushfires devastated many parts of Australia, but the coronavirus outbreak is likely to make a bigger impact.

The Morrison government has reached an agreement with the states and territories to bear the health costs of tackling the coronavirus on a 50/50 basis, which could end up costing $1 billion.

Concerns over the safety of frontline health workers responding to the COVID-19 outbreak have prompted union calls for dedicated clinics to be introduced in Western Australia.

The difficulties facing Australia’s tertiary education sector as a result of the COVID-19 coronavirus demonstrate a great deal about the industry and how it is struggling to cope with change.

Mindfulness is being used to build a healthy innovation and technology culture.

Western Australia’s planning system is at risk of delivering vanilla precincts that are replicas of one another if it continues its focus on policies and processes.

Western Australia-based businesses have won 70 of 134 contracts awarded for work on five major mining projects, while state government data shows 53 tenders were awarded to businesses with local content plans in the 2019 financial year.

Australian investors have swung into sell mode once more after US markets sank following a rise in the number of coronavirus cases.

Jobs subsidy plan to bust recession

Oil prices edged lower overnight as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, but losses were limited as major producers agreed on deeper output cuts to bolster prices.

Gold prices climbed two per cent to a more than one-week high overnight as worries over the global spread of the coronavirus spurred more safe-haven flows and hopes of further monetary policy easing by major central banks.

High-end jewellery store Tiffany & Co has opened at Raine Square, the third of four luxury brands to shift from King Street to one of Perth’s newest shopping destinations.

Perth startup Chironix has been selected to provide data analytics to the Aboriginal Heritage Project, an Adelaide-based effort to build a comprehensive genomic map of Aboriginal Australia.

The benchmark iron ore price has jumped to more than $US89 per tonne, continuing its month-long recovery, with the resources sector confirming that shipments to China are continuing as usual.

The Australian stock exchange has closed higher on optimism that global stimulus measures will buffer economies from the impact of the coronavirus.

WorkZone, Kleenit, Perkins Builders and LD Total have won three state government maintenance and building contracts.

Australia will ban travellers from South Korea and introduce enhanced screening for travellers from Italy to deal with the coronavirus spread.

TPG and Vodafone are a step closer to completing their planned $15 billion merger after the competition watchdog announced it would not appeal a Federal Court decision allowing the deal to proceed.

Associate Professor Melissa Langdon says International Women's Day is a time to celebrate women's achievements and have important conversations on how women can be better supported at work and in society.