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Another Aussie airline mandates the COVID vaccine

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As businesses ramp up efforts to encourage their staff to get vaccinated, another Australian airline has mandated the jab amongst its workforce

https://twitter.com/tickerNEWSco/status/1432211984422825988?s=20

Virgin Australia announced on Monday that the COVID-19 vaccine would be mandated across its workforce.

The airline revealed that it is commencing consultation with unions and employees to require COVID-19 vaccination for all team members.

The company believes that mandating vaccination is the best way to protect the health and safety of the airline’s workforce and passengers.

A consultation process will commence shortly with relevant unions, employees and safety committees before Virgin Australia decides a final policy in September

Currently Virgin is proposing that all frontline team members be vaccinated by 15 November 2021, and all office-based team members by 31 March 2022.

The airline did confirm however that those with medical exemptions will be considered “on a case-by-case” basis.

Virgin Australia CEO Jayne Hrdlicka stated that recent events such as recent lockdowns in Australia, have demonstrated that it only takes one person to start an outbreak of COVID-19.

“Virgin Australia is not alone as a business in being deeply affected by the events of recent months. It is clear that vaccination is the only way back to normal freedom of movement and the richness in life that comes from spending meaningful, in person time with family, friends and colleagues. “

“We trust medical experts, their advice and the evidence that shows that vaccines save lives and reduce hospitalisation rates” the CEO said.  

Virgin Australia will continue to assist employees with securing vaccination appointments and provide flexible working arrangements, so team members can receive their vaccinations.

A recent survey of Virgin Australia team members found that over 75 per cent of our frontline workforce have received at least one dose of a COVID-19 vaccine, with another 9 per cent registered for vaccination. 

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Money

Interest rates impact investments, housing, and economy

Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID

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“Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID”

In Short

Interest rates in the US and Australia are under scrutiny as the impact of COVID-19 fades, raising concerns about investments and borrowing capacity. Experts are debating the long-term effects of Australia’s recent rate cut on housing prices and the cost of living crisis.

This development raises questions about its implications for investments, repayments, and savings.

To discuss these issues, we have Andrew Woodward from the Investor’s Way.

The rate cut has raised concerns about its impact on Australians’ borrowing capacity and the potential for rising housing prices.

There is also speculation about how this rate cut could affect the ongoing cost of living crisis in Australia. Experts are considering the possible long-term consequences of this reduction on Australia’s economy.

Many are asking whether this signals the start of a series of rate cuts by the Reserve Bank of Australia.

It’s important to examine how this shift in Australia’s monetary policy aligns with broader global economic trends.

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Money

Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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