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Melbourne businesses concerned with new COVID-19 restrictions

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Melbourne business owners are clenching their fists as the local state government announces new restrictions

The second most populated city in Australia is again dealing with a coronavirus outbreak, with five cases so far confirmed by authorities.

New restrictions will come into force from 6pm on Tuesday, May 25.

Those restrictions include gatherings of no more than five people in a private home. Public gatherings are also limited to 30. Face masks will also be required indoors for those aged 12 years and older.

Schools and workplaces will remain open. 

State Government officials confirmed genomic sequencing for the Melbourne northern suburbs outbreak shows it is “closely linked” to a case detected weeks ago. It’s also understood the virus made its way back into the state of Victoria via a person travelling from South Australia.

Melbourne last year went through one of the harshest lockdowns imposed throughout the entire world.

Thousands lost their jobs and hundreds of businesses struggled to survive after what was supposed to be a three-week lockdown, dragged on for 112 days.

Melbourne businesses have contacted Ticker News to express their concern with the latest restrictions imposed by the Victorian State Government, but are hopeful the cluster can be managed and business won’t be disrupted.

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U.S.-India pharmaceutical trade partnership?

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The United States wants to diversify its supply chain and achieve affordable medicine resilience.

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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