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England scraps vaccine passport plans

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British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the COVID-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports

The British government has abandoned plans to introduce so-called COVID passports in England, and will take steps to end some of its emergency powers that were enacted to fight the pandemic.

British Prime Minister Boris Johnson will formally set out on Tuesday his plans to manage the crisis in the winter months.

Johnson’s under fire from some in his Conservative Party for raising taxes to fix a health and social care crisis.

Health Minister Sajid Javid said on Sunday that he did not anticipate more lockdowns and that the COVID passports would not be introduced in England.

Under the plan, people would have had to use the passes to prove their vaccination status to enter some venues, such as nightclubs.

The government will depend instead on vaccines and testing to defend the public

Javid also told the BBC he was not “anticipating any more lockdowns” but would not take the measure off the table, and that he wanted to end PCR tests for travelers as soon as possible.

The Night Time Industries Association trade body which represents the nightlife business, welcomed the u-turn.

Britain has one of the highest official COVID-19 death tolls in the world.

But its vaccination rate is also high — latest government figures show 80% of adults have had two vaccine doses.

Reuters

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RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

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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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U.S. retail sales slowdown sparks new fears ahead of Fed decision

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

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U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.


Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.

The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.

Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.

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xAI’s $15 billion raise, deadline pressure and Grokipedia launch

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

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Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.


Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.

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#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground


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