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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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Experts warn AI could trigger ‘Grey Swan’ events in the global economy

Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.

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Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.


As excitement around artificial intelligence reaches new heights, experts are cautioning that the technology could spark unexpected disruptions known as ‘grey swan events’. Unlike black swans, these events are somewhat foreseeable but often underestimated, posing real threats to economic stability.

David Scutt from StoneX joins Ticker to break down what grey swans are, their potential impact on AI, and how legal, security, and innovation risks could shake the industry. He also explains how the pace of AI advancement makes it harder to anticipate and prepare for these shocks.

From resilience strategies for policymakers to the concept of antifragility coined by Nassim Nicholas Taleb, this discussion offers insights into how the world might navigate the growing AI landscape.

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#AI #GreySwan #TechRisks #InnovationShock #ArtificialIntelligence #GlobalEconomy #DavidScutt #TickerNews


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Oscars move to YouTube in landmark streaming deal from 2029

YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.

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YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.


The Academy of Motion Picture Arts and Sciences has struck a landmark agreement with YouTube to stream the Oscars exclusively from 2029, marking a major shift for Hollywood’s biggest night.

YouTube will hold global rights to the ceremony from 2029 to 2033, making the event free to its more than two billion users worldwide, with added features like red carpet coverage and behind-the-scenes access.

The move reflects changing viewing habits as audiences increasingly turn to digital platforms for live events.

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#Oscars #YouTube #StreamingWars #Hollywood #FilmIndustry #DigitalMedia #EntertainmentNews #AcademyAwards


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NSW weighs urgent gun law changes after Bondi shooting as firearm caps spark backlash

NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.

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NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.


The New South Wales government is set to discuss urgent changes to firearm legislation next week following the Bondi Beach shooting, reigniting the national debate over gun control and public safety.

The proposed reforms are aimed at tightening access to firearms and limiting individual ownership, as authorities respond to concerns about rising violence across the state.

With the number of registered firearms in NSW surging over the past decade, lawmakers say swift action may be needed to prevent further harm.

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#NSWPolitics #GunControl #FirearmLaws #BondiShooting #PublicSafety #AustralianNews #BreakingNews #TickerNews


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