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Thinking about sailing away? You’ll need to roll up your sleeve first

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Mandatory jabs are growing in commonality as more US companies ask their customers and employees to join the vaccination bandwagon.

Disney cruises require passengers 12 and up to have the jab

Cruise ships and parcel delivery services are among some of the latest companies in the United States mandating COVID-19 vaccines.

Passengers boarding Walt Disney cruises require proof of vaccination following the company’s relaunch of their cruise service. 

The Disney cruise line will commence its first sailing since trips were cancelled at the beginning of the pandemic. 

In line with their updated policy, all passengers aged 12 and older are required to be fully vaccinated before boarding the cruise en route to the Bahamas on September 3. 

Passengers who fail to show proof of vaccination will be barred from boarding the ship. 

“The Bahamas will require that all passengers ages 12 and older be fully vaccinated in order for a ship to be allowed entry into any of its cruise ports,” Disney said in a statement. 

“This includes private islands like Disney Castaway Cay.”

A change of heart?

Initially, the company did not insist on such mandatory measures.

However, advice from the US health regulator warned those who were at high-risk of contracting the virus to avoid cruising, in turn leading to a decline in potential customers. 

Cruise line Royal Caribbean have also implemented similar measures for cruise ships departing Seattle and the Bahamas among other destinations. 

The policy changes are in line with the Bahamian government’s new requirements to have all cruise ship passengers and crews vaccinated against coronavirus. 

Even the mailman needs a vaccine

UPS mandates the COVID vaccine for their employees

Postal and delivery company United Parcel Services also joins a long line up of US companies mandating vaccines for their employees. 

Concerns surrounding the increase in case numbers from the Delta strain encouraged the company to implement the mandate. 

“In certain US office locations where employees have been working remotely, UPSers must be vaccinated when they return to office,” the company said in an emailed statement.

“Those office environments are very different from our operating facilities, which have been safely staffed in-person since the beginning and throughout the pandemic.”

All three companies follow suit, joining several other US workplaces and services that mandate vaccines for their workers.

America reported an average of 320 COVID-19 infections per one-hundred thousand people in the last week.

Written by Rebecca Borg

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Money

Aussie job market defies expectations with stable 4.1% unemployment rate

Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.

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Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.


Australia’s unemployment rate held firm at 4.1% in May, despite a small drop of 2,500 jobs—falling short of forecasts.

But dig deeper: full-time jobs jumped by nearly 39,000, underemployment hit post-COVID lows, and female participation reached a record 60.9%.

With labour market resilience still strong, the Reserve Bank is unlikely to be swayed—though markets see an 80% chance of a July rate cut.

The RBA remains in a balancing act, cooling inflation, without choking growth.

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#RBA #JobsData #AustraliaEconomy #Unemployment #InterestRates #LabourMarket #tickernews

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Money

Central banks struggle with economic uncertainty and rates

Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

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Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

In Short:
Central banks are grappling with economic uncertainty, prompting various interest rate cuts globally to stimulate growth. Many central banks, including those in Norway, Sweden, and Japan, are adjusting rates in response to inflation and trade concerns, while others like the Federal Reserve and the Bank of England are considering future cuts.

Central banks are facing significant uncertainty concerning economic growth and inflation, making their policy decisions increasingly challenging as they approach the end of their rate-cutting cycles.

This uncertainty is also impacting investors. Recently, Norway’s central bank surprised markets with an interest rate cut, while the U.S. Federal Reserve cautioned against relying heavily on its policy projections.

The Swiss National Bank responded to decreasing inflation and economic unpredictability by reducing its benchmark rate to 0% but may consider further cuts. The Bank of Canada has maintained its rate at 2.75%, suggesting a potential future cut in light of tariffs affecting the economy.

Sweden’s central bank cut its key rate as well, aiming to stimulate growth amid weak price pressures.

In New Zealand, expectations are for rates to remain steady after a recent reduction to protect its economy from global trade uncertainties. The European Central Bank has also cut rates, considering further adjustments to meet inflation goals.

The Federal Reserve is keeping rates steady, although further cuts are anticipated due to low inflation. In Britain, the Bank of England held rates but may continue cuts in response to weak labour indicators.

The Reserve Bank of Australia is prepared for rate cuts due to weak growth data and trade tensions, while Norway’s central bank has been cautious with its recent decision. The Bank of Japan remains the only bank in a tightening phase, balancing escalating tensions and tariff concerns with its monetary policies.

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Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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