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Major Australian airport calls for vaccine speed-up as industry runs dry

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The CEO of Melbourne Airport says the vaccine rollout in Australia must “increase significantly” after reporting a major decline in traffic in July

Melbourne Airport’s July traffic numbers saw a 85.7 per cent drop compared to pre-pandemic levels.

The international hub welcomed just over 467,000 people in July, almost all of them being domestic travellers.

Chief of Aviation of Lorie Argus says the mood at the airport right now at the terminal is dull.

Melbourne Airport’s passenger traffic for the last financial year dropped to its lowest level since 1984

Argus says the airport is supportive of the Australian Government’s four stage plan back to freedom, however stressed further devastation will be felt to airlines and airports themselves if lockdowns and travel restrictions continue in the short term.

“It’s really hard for airlines and airports to keep operating at such losses”

Airports hit heavy – not just airlines

In an interview with ticker NEWS, Argus says that all levels of the travel market continue to be left devastated by changes to COVID rules, but highlighted an important notice – airports are struggling too.

Argus says airports continue to face financial losses due to the decline in traffic through terminals.

The Chief of Aviation says that unlike airlines “airports must continue and keep the lights on” – highlighting that hubs around the globe must continue to keep the doors open regardless of passenger numbers, and mostly that’s due to having to cater for freighter flights.

The business’ chief executive, Lyell Strambi, says it was now a matter of “urgent and critical national interest” to address the country’s vaccine supply challenges.

“The nation’s rolling border closures obliterate air travel and damage confidence, making it almost impossible for people to plan and book interstate trips,”

According to reports, passenger numbers for FY20-21 at Melbourne Airport was just 6.1 million. Domestic numbers made up the bulk of passengers – 5,939,368 – but that number alone was a 68.8 per cent decline on FY19-20. International numbers of 230,455 represented a 97.2 per cent drop on the same time last year.

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Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

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US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.


US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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Dow hits record after U.S. military action in Venezuela

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

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Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.


The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.

Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.

Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.

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Wall Street eyes further gains in 2026 as rate cuts fuel optimism

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

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Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.


Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.

The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.

However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.

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