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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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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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