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Australia cuts international arrivals by half

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Australia’s Prime Minister Scott Morrison has provided an update to the nation following a National Cabinet meeting, in response to a growing outbreak of COVID-19.

As part of a roadmap to recovering, the PM says, Australia will cut international arrivals by 50 percent.

The number of commercial international arrivals allowed into Australia will be temporarily halved to around 3,170 per week.

That figure goes from around six thousand returned travellers a week to now just over three thousand.

Home quarantine for fully vaccinated returned travellers will be trialled on a small-scale in South Australia.

Mr Morrison says state leaders have agreed lockdowns will only be used as a “last resort”.

“While the reduction of those caps will certainly, right across the system, obviously take some pressure off, as we have observed over the course of these past 18 months, that alone does not provide any fail-safe regarding any potential breaches,” he told reporters.

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National Cabinet has also agreed to trial home quarantine for fully vaccinated travellers, and the Government says it will increase the number of repatriation flights to make up the shortfall.

Earlier, NSW Premier Gladys Berejiklian said she sympathised with the thousands of Australians stranded abroad who want to come home.

“Firstly, my heart goes out to thousands of Australians who have to wait longer to come home,” she told reporters in Sydney.

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Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

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U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.


U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

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Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.


Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

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Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.


All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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