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Air New Zealand cancels over 1,000 flights to and from Australia

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20,000 travellers looking to cross the Tasman this holiday season have had their flights cancelled over growing uncertainty over quarantine-free flights between NZ and Australia

Auckland will come out of a three-and-a-half-month lockdown on December 3 at a time when New Zealand gives up on wiping out the Delta variant and instead starts to live COVID, officially ending its COVID-Zero strategy.

But with no sign of when quarantine-free travel would be resuming with Australia, Air New Zealand on Monday afternoon announced the cancellation of more than 1000 flights.

The flights between now and December 31 are the latest to be scrapped since New Zealand suspended the so-called travel bubble in July.

The border bubble suspension followed COVID Delta outbreaks in New South Wales and Victoria.

“This will be particularly tough news for families and friends who were hoping to catch up over Christmas…. But our hands are tied until border restrictions ease, and we receive further clarity from the New Zealand Government,” Air New Zealand chief customer and sales officer Leanne Geraghty said, in a statement.

Currently, fully vaccinated travellers can fly from New Zealand to Australia without going through quarantine by presenting a negative PCR test, but those travelling to NZ must undertake two weeks of hotel isolation.

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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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Money

Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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