Businesses in Australia are bracing themselves for a drop in revenue as fresh COVID cases lock down many states
For the first time in a year, Australia is dealing with outbreaks across the country.
An outbreak in Sydney linked to the highly contagious Delta variant has grown to 128 cases.
Cases have also been recorded in the Northern Territory, Queensland and Western Australia.
Health authorities say it is a “critical time” for the country, which has kept case numbers low with border closures and lockdowns.
This is the first time in months that cases have emerged in multiple parts of the country at the same time.
Businesses brace
Businesses are again feeling the impact of lockdowns and shut down orders with many in the travel sector, hospitality and arts again feeling the pinch.
A relief package to help Sydney businesses cope with the financial impacts of the city’s lockdown is expected to help operators recoup lost revenue and claim unused stock.
Lobbying from industry groups has meant the support package will echo the one provided to northern beaches businesses over the Christmas lockdown.
Sydney’s two-week lockdown is expected to wipe $2 billion off Australia’s GDP.
Australian leaders will hold an emergency meeting on Monday after a spike in Covid infections.
Both State and Federal Governments are now holding emergency crisis meetings in order to deal with emerging cases.
While thousands stayed indoors to work from home under new lockdown rules in multiple states, queues were spotted at Sydney’s mass vaccination centre.
Authorities are encouraging people to continue to get their vaccinations amid the stay-at-home order provided they wear a mask and are not experiencing any COVID-19 symptoms.
“I think we’re entering a new phase of this pandemic, with the more contagious Delta strain,”
Treasurer Josh Frydenberg told ABC News on Monday.
The escalation in Covid infections has prompted lockdowns in the cities of Sydney and Darwin, as well as restrictions across four states.
Australian Treasurer Josh Frydenberg (AAP Image/Lukas Coch)
New South Wales hits breaking point
Meanwhile, the situation in New South Wales is at breaking point after the Bondi cluster rose to 110 cases over the weekend. 19 of the cases were not in isolation while they were infectious.
“I also do want to foreshadow that given how contagious this strain of the virus is, we do anticipate that in the next few days case numbers are likely to increase even beyond what we’ve seen,”
said NSW State Premier Gladys Berejiklian.
Greater Sydney, the Blue Mountains, the Central Coast, Wollongong and Shellharbour have started a two-week lockdown as a result.
There is mounting concern after a Virgin Australia crew member tested positive after flying to various cities across Australia
Other states enact tougher border restrictions to prevent further spread
The states of Victoria, South Australia, and Tasmania have all enacted tougher border restrictions with neighboring regions.
Meanwhile, the Australian Capital Territory is enforcing mask-wearing for the first time since the pandemic began.
aerial, Northern Territory
WA, Queensland and the Northern Territory are also dealing with new cases.
Both states have imposed heavy new restrictions and lockdowns have been extended.
Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.
Ukraine has signalled support for a US-led peace accord aimed at ending the war with Russia, with officials confirming that only minor elements remain to be finalised. The framework represents the most significant diplomatic breakthrough since the conflict began.
According to Ukrainian officials, Kyiv fully supports the essence of the proposal, while Washington says progress is encouraging but further negotiations are required. The agreement focuses heavily on territory held by Russia and the security guarantees needed to protect Ukraine long-term.
With momentum building, global attention now turns to how remaining issues will be resolved and how soon a final agreement can be reached.
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Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.
Australia is taking a major step toward responsible artificial intelligence with the creation of the Australian Artificial Intelligence Safety Institute (AISI). The new body aims to assess AI risks, strengthen national protections and position the country as a global leader in safe and ethical AI development.
In this episode, Dr. Karen Sutherland from UniSC explains what sparked the institute’s creation, how it will operate, and the key functions it will serve in helping government and industry navigate fast-moving AI challenges. She breaks down how the AISI plans to elevate national understanding of advanced AI systems and collaborate with the wider National AI Centre network.
We also explore how the AISI will support international agreements, protect the rights of Australians and help businesses keep pace with rapidly evolving AI technologies. Plus, we look at the institute’s long-term ambitions in shaping the global AI safety landscape.
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RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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