News

Melbourne businesses concerned with new COVID-19 restrictions

Published

4 years ago

May 25, 2021

Melbourne business owners are clenching their fists as the local state government announces new restrictions

The second most populated city in Australia is again dealing with a coronavirus outbreak, with five cases so far confirmed by authorities.

New restrictions will come into force from 6pm on Tuesday, May 25.

Those restrictions include gatherings of no more than five people in a private home. Public gatherings are also limited to 30. Face masks will also be required indoors for those aged 12 years and older.

Schools and workplaces will remain open.

State Government officials confirmed genomic sequencing for the Melbourne northern suburbs outbreak shows it is “closely linked” to a case detected weeks ago. It’s also understood the virus made its way back into the state of Victoria via a person travelling from South Australia.

Melbourne last year went through one of the harshest lockdowns imposed throughout the entire world.

From 6pm tonight, private gatherings in Greater Melbourne will be limited to five visitors a day. Public gatherings limited to 30. Face masks will need to be worn indoors. Acting Premier James Merlino’s statement: pic.twitter.com/XItw7zdOya
— Benita Kolovos (@benitakolovos) May 24, 2021

Thousands lost their jobs and hundreds of businesses struggled to survive after what was supposed to be a three-week lockdown, dragged on for 112 days.

Melbourne businesses have contacted Ticker News to express their concern with the latest restrictions imposed by the Victorian State Government, but are hopeful the cluster can be managed and business won’t be disrupted.

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

21 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

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News

S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

1 day ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.

News

Trump may accept Qatari jet as the new Air Force One

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

Published

2 days ago

May 13, 2025

ticker NEWS

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

The Trump administration is reportedly in talks with Qatar to use a royal aircraft as a potential temporary Air Force One.

The jet — owned by the Qatari royal family — would be retrofitted for presidential use and could be offered as a gift during Trump’s term, with the possibility of it being used again as part of his future presidential library.

While no final decision has been made, the deal raises logistical, diplomatic, and ethical questions around foreign gifts, presidential travel, and how Trump may symbolically separate himself from traditional norms.

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