Money
Australia PM announces new lockdown disaster payments – who’s eligible?
Australian Prime Minister Scott Morrison has announced a new “temporary COVID-19 disaster payment”
The disaster payment will be made for people who live in declared COVID-19 hotspots and are unable to work because of a lockdown.
It comes as the nation’s second-biggest state of Victoria remains in an extended lockdown due to a COVID-19 outbreak.
The payment will be made available to those unable to work due to imposed lockdowns.
The Federal Government however revealed there are terms and conditions of the payment which include that the area in lockdown must be recognised as a hotspot from the Federal Government.
The PM also stated that payments will not be made available unless an area is locked down for more than two weeks, meaning a one-week lockdown would see no payments to stood down workers.
The Commonwealth Government also stated they reserve the right to cease payments if they no longer designate an area as a hotspot.
The breakdown
Only workers stood down from employment during a lockdown will be eligible for payments.
| $500 PAYMENT PER WEEK | FOR WORKERS WHO NORMALLY WORK 20+ HRS |
| $325 PAYMENT PER WEEK | FOR WORKERS WHO NORMALLY WORK UNDER 20 HRS PER WEEK |
The new payment is set to cost the Australian Government $50 million a week for every 100,000 applicants it pays.
Australia’s Victoria remains in lockdown
Victorian Acting Premier James Merlino says vaccination was the only way out of the pandemic and that the locked down state was waiting on Federal support in relation to the federal vaccine rollout.
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection
Money
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.
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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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker
Money
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.
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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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews
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