Australia will spend $270 billion to build up our military capabilities, in a total resetting of our defence priorities.

Also today:

•   Melbourne shifts to partial lockdown as the cases of COVID19 keep climbing
•   Virgin Australia shareholders unlikely to see a cent
•   And online giant Amazon beefs up in Australia

Plus an interview with Dr Tommy Mermelshtayn, Chief Strategy Officer at buy now, pay later group Zip Co about the incredible expansion in that market.