News
‘Exhausted’ Melbourne businesses offered ‘ The Nothing Package’ during lockdown
Melbourne businesses are again facing financial stress as the entire state swells through a fourth COVID-19 lockdown, caused by yet another outbreak.
The Victorian State Government has ordered many businesses to close while others will continue to operate with heavy restrictions.
The “embarrassing” Government Support Package
$250 million has been put on the table to support organisations impacted by the lockdown, with grants between $2500 and $3500 available to successful applicants.
Industry leaders however have slammed the government for not only their response to the developing cluster, but also the “embarrassing” package offered to those having by a thread during this fourth lockdown.
Chrissie Maus, the General Manager of the Chapel Street Precinct has criticised the Governments response, and says businesses are calling the support offered to them “the nothing package”
Maus told Ticker News host Holly Stearnes that many organisations have lost “much more than a couple of grand”. She detailed that in one night alone, restaurants within her hospitality precinct are losing around $40,000, and the amount “goes up” on weekends.
No JobKeeper
This lockdown has been labelled ‘even harder than the previous ones,’ especially for workers who have been stood down as a result.
The Australian Federal Governments’ employee support package, JobKeeper, expired in March, meaning businesses are now effectively paying their employees once again out of their cash flow, rather than using the wage subsidy scheme.
Thousands of employees within the hospitality sector, retail, and travel industries have been temporarily stood down, many without pay due to being casual workers.
Chrissie Maus is now calling on the government on behalf of those industries, urging more support to be offered to those that will ‘go hungry’ because of no income.
Lockdown extension looming
The Victorian Government has not ruled out an extension of the lockdown, stating the next days are “critical”.
Health Authorities confirmed the virus was continuing to spread across the city, with the amount of active cases sitting at over 50.
Authorities hold great concern for the aged care sector after a worker tested positive to coronavirus.
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech
News
Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates
News
Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.
The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.
Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.
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