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‘Exhausted’ Melbourne businesses offered ‘ The Nothing Package’ during lockdown

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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.

Melbourne once again in lockdown due to COVID-19.

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.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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