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Nation’s treasurer warns Australia can’t turn back as Sydney declares freedom day

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Five million Australians who live in the greater Sydney region will no longer be subject to harsh stay-at-home orders, as the city emerges from lockdown on Monday

Dubbed Freedom Day, Sydneysiders who are double vaxxed will be able to go to cafes, restaurants and bars, whilst the caps on numbers at weddings and funerals are also increased.

Meanwhile, 10 fully vaccinated visitors will be allowed to gather inside a private home and up to 30 people can gather outdoors.

This all comes as Australia’s Treasurer Josh Frydenberg warns there must be no turning back… and the nation’s focus must shift away from lockdowns and towards vaccine take-up.

Freudenberg believes Australia will recover from the economic pandemic slump… and Sydney’s freedom day will provide a much-needed financial boost.

Frydenberg says “with vaccination rates rapidly climbing around the country, we need to make lockdowns a thing of the past and give people their freedoms back, re-engage with the world and allow the economy to reopen safely”.

This follows data that suggests the cost of the most recent lockdown in New South Wales was $950 million a week, with $7billion paid by the commonwealth in Covid disaster payments.

With concerns, the technology used to keep track on those who are fully vaccinated isn’t ready yet.

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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