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Hong Kong reopens to those vaccinated – but what’s the catch?

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Good news for those eager to travel – parts of the world is slowly reopening

Hong Kong will allow vaccinated tourists from all but 10 places in the world to enter the city starting from August 9…

It’s a significant easing of some of the tightest border curbs in the world.

Vaccinated visitors from countries now considered “medium-risk” — which includes the U.S. and Canada will be able to enter the city for the first time since the pandemic started.

There is a slight catch, however

Visitors and residents from medium-risk countries must spend seven days in hotel quarantine after they arrive.

Those entering Hong Kong will also be required to have a positive antibody test from a laboratory recognized by the Hong Kong government to prove they were vaccinated against Covid-19.

Antibody testing facilities at the airport will be available starting in mid-August, according to an official government statement.

Associated risk level:

For these “high-risk” places, only fully inoculated residents can return but they must serve a hotel quarantine period of 21 days.

Hong Kong has fully vaccinated 2.5 million people — about 33% of its population.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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