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Good morning Vietnam! International flights have resumed to Hanoi & Ho Chi Minh

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Vietnam will resume incoming international flights to its capital Hanoi and business hub Ho Chi Minh City effective immediately.

The nation imposed a suspension due to a COVID-19 outbreak earlier this week.

https://twitter.com/tickerNEWSco/status/1399320990623039491?s=20

Vietnamese authorities had initially banned incoming international flights to Hanoi for a week starting Monday and to Ho Chi Minh City until June 14.

The aviation authority hasn’t revealed just why it was resuming flights earlier than planned.

Meanwhile, most of the COVID-19 cases in the current outbreak are locally transmitted and not from international passengers.

Travel impacts on Aviation

The news comes as the Global Aviation sector continues to struggle due to the pandemic.

The bosses of leading airlines have written to senior government figures in both nations, calling for an expedited travel corridor. 

With vaccination rollouts well underway within both nations, the aviation sector wants to ease travel restrictions on the normally busy transatlantic travel route.

The letter to US Secretary of Transportation Pete Buttigieg and UK Secretary of State for Transport Grant Shapps stated:

“Air travel is a critical enabler of trade between our countries that was worth US$273 billion in 2019,” 

Of those who have joined forces include British AirwaysAmerican Airlines, United AirlinesDelta Airlines, JetBlue, and Industry Group Airlines for America.

“Public health must guide the reopening of international air travel, and we are confident that the aviation industry possesses the right tools, based on data and science, to enable a safe and meaningful restart to transatlantic travel

The letter signifies a rare joining of forces between airlines that are normally arch-rivals. The CEOs who signed the letter have proposed a summit to explore how to safely and swiftly re-open the critical route between the UK and US.

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Money

Trump’s copper tariff shakes global markets

Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.

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Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.


President Donald Trump has unveiled plans to impose a 50% tariff on copper imports, a move set to rattle global supply chains and redraw the industrial map.

The tariff will hit within weeks, with Chile, the world’s largest copper exporter, expected to bear the brunt.

While Australia’s direct copper trade with the US is limited, analysts say the real message is strategic: the US is reinforcing its domestic manufacturing power.

#CopperTariff #DonaldTrump #TradeWar #GlobalMarkets #TickerNews

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RBA unexpectedly keeps interest rates steady at 3.85%

RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

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RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

In Short:
The Reserve Bank of Australia has kept its cash rate at 3.85% despite concerns from the Housing Industry Association about its impact on new home construction. Although inflation is within target and there’s some market confidence, households are under financial strain amidst economic uncertainties.

The Reserve Bank of Australia has decided to maintain the cash rate at 3.85% following a split vote of six to three. This unexpected decision comes as the Housing Industry Association warns that these rates remain restrictive, potentially hindering new home building.

Senior economist Tom Devitt stated that the rates will delay necessary building activity but noted improved market confidence following previous rate cuts.

Current inflation data shows the RBA’s preferred measure has been declining and remains within the target range. However, household spending is under strain, with Australia experiencing a per capita recession since mid-2022.

Labour costs

The RBA’s decision was influenced by concerns over productivity growth and high unit labour costs, affecting its inflation outlook. While some economists anticipated a rate cut, the RBA opted for caution due to economic uncertainties, both domestically and internationally.

The bank acknowledged gradual recovery in private demand and household incomes but highlighted ongoing challenges in passing cost increases to final prices.

Despite the hold on rates, price rises in essentials like petrol continue to impact Australian households. The RBA emphasized the need for ongoing assessment before making future rate changes, suggesting a careful approach in response to evolving economic conditions.

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Money

Feeling the stress this tax season?

Join Dr. Steve Enticott for essential tax tips to avoid costly mistakes this season and maximize deductions for 2025.

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Join Dr. Steve Enticott for essential tax tips to avoid costly mistakes this season and maximise deductions for 2025.


It’s that time of year again, and if you’re feeling overwhelmed, you’re not alone.

With so many moving parts, from missed deductions to misplaced receipts, small mistakes can lead to big losses.

Dr Steve Enticott from CIA Tax joins to break down what people forget most, which new deductions to know for 2025, and why a simple checklist can save you money.

#TaxTime #MoneyTips #2025Tax #TaxReturn #TickerNews

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