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.
Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.
Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.
In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.
We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.
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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.
The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.
We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.
Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.
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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.
The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.
Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.
The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.
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