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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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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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