Cash injection for Melbourne businesses amid lockdown extension

Published

3 years ago

July 21, 2021

Businesses within Melbourne and Australia’s state of Victoria have been sent some welcoming news

Melbourne businesses will be entitled to further financial assistance as the state’s lockdown is extended another week.

Minister for Industry and Support Martin Pakula made the announcement today, stating that the most recent support package was worth more than $282 million.

“We are announcing an additional $282.5 million in new cash grants for businesses affected by the seven-day lockdown extension,”

The announcement brings to the total support package made for businesses totaling $484 million for the cities fifth lockdown.

But business owners continue to plead with leaders stating that lockdowns are no longer the answer to manage the virus, and many have slammed the government for the fine print.

Mr. Pakula revealed the Victorian government had spent about $7 billion in business support throughout the pandemic.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

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

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

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.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

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.