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Businesses brace for impact as new COVID outbreak emerges across Australia

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Businesses in Australia are bracing themselves for a drop in revenue as fresh COVID cases lock down many states

For the first time in a year, Australia is dealing with outbreaks across the country.

An outbreak in Sydney linked to the highly contagious Delta variant has grown to 128 cases.

Cases have also been recorded in the Northern Territory, Queensland and Western Australia.

Health authorities say it is a “critical time” for the country, which has kept case numbers low with border closures and lockdowns.

This is the first time in months that cases have emerged in multiple parts of the country at the same time.

Businesses brace

Businesses are again feeling the impact of lockdowns and shut down orders with many in the travel sector, hospitality and arts again feeling the pinch.

A relief package to help Sydney businesses cope with the financial impacts of the city’s lockdown is expected to help operators recoup lost revenue and claim unused stock.

Lobbying from industry groups has meant the support package will echo the one provided to northern beaches businesses over the Christmas lockdown.

Sydney’s two-week lockdown is expected to wipe $2 billion off Australia’s GDP.

Australian leaders will hold an emergency meeting on Monday after a spike in Covid infections.

Both State and Federal Governments are now holding emergency crisis meetings in order to deal with emerging cases.

While thousands stayed indoors to work from home under new lockdown rules in multiple states, queues were spotted at Sydney’s mass vaccination centre.

Authorities are encouraging people to continue to get their vaccinations amid the stay-at-home order provided they wear a mask and are not experiencing any COVID-19 symptoms.

“I think we’re entering a new phase of this pandemic, with the more contagious Delta strain,”

Treasurer Josh Frydenberg told ABC News on Monday.

The escalation in Covid infections has prompted lockdowns in the cities of Sydney and Darwin, as well as restrictions across four states.

New South Wales hits breaking point

Meanwhile, the situation in New South Wales is at breaking point after the Bondi cluster rose to 110 cases over the weekend. 19 of the cases were not in isolation while they were infectious.

“I also do want to foreshadow that given how contagious this strain of the virus is, we do anticipate that in the next few days case numbers are likely to increase even beyond what we’ve seen,”

said NSW State Premier Gladys Berejiklian.

Greater Sydney, the Blue Mountains, the Central Coast, Wollongong and Shellharbour have started a two-week lockdown as a result.

There is mounting concern after a Virgin Australia crew member tested positive after flying to various cities across Australia

Other states enact tougher border restrictions to prevent further spread

The states of Victoria, South Australia, and Tasmania have all enacted tougher border restrictions with neighboring regions.

Meanwhile, the Australian Capital Territory is enforcing mask-wearing for the first time since the pandemic began.

aerial, Northern Territory

WA, Queensland and the Northern Territory are also dealing with new cases.

Both states have imposed heavy new restrictions and lockdowns have been extended.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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