Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

‘Exhausted’ Melbourne businesses offered ‘ The Nothing Package’ during lockdown

Published

on

Melbourne businesses are again facing financial stress as the entire state swells through a fourth COVID-19 lockdown, caused by yet another outbreak.

The Victorian State Government has ordered many businesses to close while others will continue to operate with heavy restrictions.

The “embarrassing” Government Support Package

$250 million has been put on the table to support organisations impacted by the lockdown, with grants between $2500 and $3500 available to successful applicants.

Industry leaders however have slammed the government for not only their response to the developing cluster, but also the “embarrassing” package offered to those having by a thread during this fourth lockdown.

Chrissie Maus, the General Manager of the Chapel Street Precinct has criticised the Governments response, and says businesses are calling the support offered to them “the nothing package”

Maus told Ticker News host Holly Stearnes that many organisations have lost “much more than a couple of grand”. She detailed that in one night alone, restaurants within her hospitality precinct are losing around $40,000, and the amount “goes up” on weekends.

Melbourne once again in lockdown due to COVID-19.

No JobKeeper

This lockdown has been labelled ‘even harder than the previous ones,’ especially for workers who have been stood down as a result.

The Australian Federal Governments’ employee support package, JobKeeper, expired in March, meaning businesses are now effectively paying their employees once again out of their cash flow, rather than using the wage subsidy scheme.

Thousands of employees within the hospitality sector, retail, and travel industries have been temporarily stood down, many without pay due to being casual workers.

Chrissie Maus is now calling on the government on behalf of those industries, urging more support to be offered to those that will ‘go hungry’ because of no income.

Lockdown extension looming

The Victorian Government has not ruled out an extension of the lockdown, stating the next days are “critical”.

Health Authorities confirmed the virus was continuing to spread across the city, with the amount of active cases sitting at over 50.

Authorities hold great concern for the aged care sector after a worker tested positive to coronavirus.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Oil prices drop amid OPEC+ output increase plans

Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

Published

on

Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

video
play-sharp-fill
In Short:
– Oil prices declined for three days due to OPEC+ production plans and U.S. sanctions on Russia.
– Eight OPEC+ nations may approve a 137,000 barrels per day output increase for December.
Oil prices fell for the third consecutive day as traders assessed OPEC+ plans to increase production amid pressures from U.S. sanctions on Russia and optimism regarding U.S.-China trade talks.Brent crude futures dropped to $65.43 per barrel, down 0.28%, while West Texas Intermediate crude fell to $61.25 per barrel, a decline of 0.10%.

Market concerns about potential oversupply are influencing this sustained weakness as OPEC+ prepares for another production increase.

Banner

Eight OPEC+ nations are reportedly leaning towards approving a modest output increase of around 137,000 barrels per day for December. The decision, driven by Saudi Arabia’s desire to regain market share, reflects ongoing efforts to adjust production after years of cuts to support prices.

Since April, OPEC+ has raised production targets by over 2.7 million barrels per day, nearly halving the previous cumulative cuts agreed upon.

Industry analysts note that additional supply from OPEC+ has contributed to a five-month low in oil prices due to concerns about a developing glut.

Market Uncertainty

The oil market faces ongoing uncertainty from U.S. sanctions placed on Russia’s largest oil companies, Rosneft and Lukoil. These sanctions aim to increase pressure on Russia’s energy sector, further complicating the market situation.

Major oil buyers, including state-owned Chinese companies, have started suspending Russian oil purchases, indicating potential disruptions to the market.


Download the Ticker app

Continue Reading

News

Marketers struggle to find right creative partners

80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.

Published

on

80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.


A new report reveals that while 80% of marketers now run their own agency pitches, many admit the search for the perfect creative partner is tougher than ever.

Darren Woolley from TrinityP3 explains what’s driving the shift and how AI could help.

#Marketing #Advertising #Agencies #BrandStrategy #AI #TrinityP3 #CreativeIndustry #DarrenWoolley #Pitching #Media #Business


Download the Ticker app

Continue Reading

News

Trump royally welcomed to Japan

Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.

Published

on

Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.


President Trump’s Asia tour begins with a warm welcome in Japan and major investment pledges, as he heads to South Korea aiming to secure a trade war truce with China.

#Trump #Asia #Japan #SouthKorea #China #Trade #XiJinping #Diplomacy #WhiteHouse #USPolitics #GlobalTrade


Download the Ticker app

Continue Reading

Trending Now