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Australia in limbo: two biggest states in lockdown
As a large part of the developed world begins to transition into a post-Covid world, Australia’s two biggest cities wake up in lockdown today as the Delta variant spreads through the country
Just last weekend, Melbourne recorded its 11th-straight day of zero new Covid infections, and now residents are beginning day one of a snap five-day lockdown.
Victoria enters a snap lockdown after a flare-up of COVID-19 cases
As of 11:59pm last night, Melbournians and Victorians have only five reasons to leave home including… exercise for a maximum of two hours daily, essential caregiving, purchasing food and other supplies, essential work or getting a Covid-19 vaccine.
It comes as Sydney and the state of New South Wales are battling a major outbreak that has seen lockdown extended to at least July 30.
12 cases of community transmission have been recorded in the city over the past 48 hours.
Meanwhile, Victorian Premier Daniel Andrews apologised to his state yesterday for the lockdown, but says he’s confident that they will get on top of it.
“The team is reviewing all the data and all the epidemiology,”
Mr Weimar, melbourne testing commander said.
Sydney has entered its third week of lockdown, with COVID leaking into regional New South Wales and surrounding states.
The Sydney lockdown is now expected to extend until at least the end of the month, July 30.
Businesses have been left in limbo again, worried that they won’t be able to survive any more closures
Australia’s Prime Minister Scott Morrison says Australians must hold onto hope as lockdowns continue across the country, and has urged all businesses the ‘light on the other side is coming’.
Fronting the media in Sydney, the PM stated that the Australian economy has remained strong during the pandemic, and is only set to get stronger once states and territories manage current outbreaks of coronavirus.
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Trump orders Pentagon to resume nuclear testing immediately
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.
Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.
Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.
Proliferation Risks
Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.
Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.
The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.
The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.
News
US–China trade talks are a handshake, not a deal
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.
Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.
#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews
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Markets cautious as rate cut hopes fade
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.
#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate
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