Brisbane’s Paniyiri Greek Festival was cancelled for the first time in over 40 years as anxiety about a coronavirus outbreak continues to rise.

Paniyiri is the country’s longest-running Greek festival and typically attracts thousands of visitors to celebrate Greek food and culture.

The chairman of the organising committee for the event Chris Kazonis said the decision was made after a consultation with the World Health Organisation, Queensland Government and Queensland Health.

The Dow Jones stock market index has indicated that US stocks have plunged, ending an 11-year rise amid fears of a Coronavirus pandemic.

The pandemic has spread across the US with more than 500 people infected across 30 states.

According to the Dow Jones Industrial Average, the market has now fallen 20% from its most recent highs.

At a presidential news conference on Monday, US President Donald Trump came up with plans such as payroll tax cuts and relief for hourly workers to support individuals and industries in danger.

The Royal Academy of Music in London has raised over $84,000 for victims of the Australian bushfires, including affected wildlife.

The Australian Bushfire Benefit concert was hosted on the first of March this year.

The event was organised by two Australians living in London who connected with other Australians to pull together a choir, a full orchestra and almost 30 soloists.

Canadian mining company, Kirkland Lake Gold, will shut two of its gold mining projects in the Northern Territory, with around 250 workers told they will lose their jobs, as outlined in a letter sent out yesterday to employees.

The two projects, Cosmo mine and the Union Reefs processing plant, both located near Pine Creek south of Darwin, will close by the end of March.

The Federal Government has just announced a $17.6 billion economic stimulus package.

The funds come amid fears the economy could slide into a recession.

Prime Minister, Scott Morrison, said the package is designed to provide immediate stimulus to the economy. 

It will include tax-relief for small business and could include one-off cash payments for welfare recipients. 

The proposed plans for the pedestrian walk bridge, linking Kangaroo Point and the Botanical Gardens, will need to be redesigned if state governments approve the new superyacht docking trial. 

Disagreements between state governments and City Hall, were sparked on Wednesday, after reports revealed a trial allowing the superyachts to dock below Kangaroo Point Cliffs. 

Lord Mayor, Adrian Schrinner, announced that the one hundred and ninety million dollar pedestrian and cyclist bridge would span across that section of the Brisbane River. 

Southern Cross University has closed both its Gold Coast and Lismore campuses as a precautionary measure after a staff-member was diagnosed with Coronavirus last week. 

It is believed approximately 45 people came into contact with the man on campus. 

The University is now focused on major disinfection and cleaning efforts.

Scientists from China have discovered what they believe to be the smallest known dinosaur.

The specimen, from Northern Myanmar, consists of a bird-like skull, smaller than a fingertip, trapped in 99 million year old amber. 

Researchers from the prestigious scientific journal, Nature, say that the dinosaur would have been similar to the size of a hummingbird seen today.

The discovery is expected to shed light on how small birds evolved from dinosaurs.