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Aussie Airline war intensifies over COVID refunds

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REX Airlines has taken another aim at Australia’s national carrier, Qantas – this time over COVID refunds

Rex, placing full-page ads in today’s newspapers accused its rival of failing to provide more than a billion dollars’ worth of refunds during the pandemic.

Rex Airlines‘ ads show dozens of social media posts from angry Qantas customers complaining about the national carrier’s refund process.

The regional Australian carrier which has recently expanded its network has spruiked its “COVID refund guarantee” policy, as a way of winning new customers. Regional Express promises to offer a full cash refund on tickets sold after April 1 to any passengers whose travel plans are disrupted because of a direct COVID-related reason, such as the current lockdowns in Melbourne, Australia.

Rex deputy chairman John Sharp said the airline had also refunded every passenger who had requested their money back because of travel plans interrupted by COVID on tickets sold before April 1.

“Rex believes that it is extremely important for the airline industry to do as much as they can to reinstill confidence in people to book and pay for a flight,”

Mr Sharp Said.

Sharp took aim at Australia’s leading airline, accusing Qantas of doing the opposite and “undermining the confidence” of passengers by “making it extremely difficult” for its passengers to get a refund.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Nvidia’s market dominance is driving Wall Street to new records

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Nvidia’s stellar results propel Wall Street to unprecedented heights.

Nvidia’s latest financial results have become the catalyst for Wall Street’s surge to record highs.

The renowned graphics processing unit (GPU) manufacturer reported exceptional performance, beating market expectations and instilling newfound confidence in investors.

Nvidia’s revenue and earnings exceeded projections, driven by robust demand for its GPUs across various sectors, including gaming, artificial intelligence, and data centres.

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Money

How the Australian market reached its 15-year high

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Australia’s financial landscape is experiencing a historic surge as the market reaches 15-year highs, prompting investors to delve into the key factors driving this remarkable growth.

The Australian economy has demonstrated resilience and adaptability, navigating global challenges to emerge as a standout performer in the post-pandemic era.

A confluence of factors has contributed to the Australian market’s ascent. Strong economic fundamentals, including robust GDP growth and low unemployment rates, have instilled confidence among investors.

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Rate hike fears loom for New Zealand following RBNZ meeting

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As the Reserve Bank of New Zealand (RBNZ) convenes for its latest meeting, speculations are rife regarding the possibility of a rate hike and the potential repercussions for the market.

With the global economic landscape in a state of flux, central banks play a crucial role in shaping monetary policies to navigate uncertainties and spur economic recovery.

Analysts and investors are closely monitoring the RBNZ’s statements and actions, particularly regarding interest rates.

Speculation is mounting that the central bank may consider a rate hike to address concerns related to inflation and to align with global trends.

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