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Australia in limbo: two biggest states in lockdown

Published

4 years ago

July 16, 2021

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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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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News

Trump’s “very productive” deal: What’s behind the U.S.-China agreement?

US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.

Published

16 hours ago

May 12, 2025

Ahron Young

US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.

The United States and China have reached a new agreement amid an intensifying trade war between the world’s two largest economies. This comes after US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held their first in-person talks since the imposition of heavy tariffs on both sides.

President Trump has described the discussions as “very productive,” signaling cautious optimism as financial markets remain volatile and American consumers feel the pinch of rising prices. Secretary Bessent addressed reporters after long negotiations, underlining the urgency both sides felt to de-escalate the stalemate.

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News

U.S. and China strike surprise trade deal

US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.

Published

16 hours ago

May 12, 2025

Ahron Young

US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.

In a stunning development amid rising tensions, the United States and China have agreed on a new deal as part of their ongoing trade war.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held the first in-person meetings in years, signaling a potential thaw in relations.

President Trump called the talks “very productive.”

Meanwhile, the UK has managed to score key trade concessions from the US, including on autos, jet engines, and steel—although the benefits may be more symbolic than substantial. Could this deal impact Australia’s trade position?

We unpack the details with Professor Tim Harcourt, Chief Economist at UTS and host of The Airport Economist.

News

Inflation data, earnings reports, and market trends to watch

Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

Published

22 hours ago

May 12, 2025

Ahron Young

Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

In Short:
Inflation data will be a key focus this week, alongside trade meeting results and important earnings reports. Investors will monitor Fed Chair Jerome Powell’s remarks and various economic indicators, including retail sales and sentiment surveys.

Inflation data set for Tuesday is expected to be a focal point this week.

Investors will also assess the results of recent U.S. and Chinese trade meetings following a quiet Friday that saw stock declines for the week.

On Thursday, remarks from Fed Chair Jerome Powell will be closely monitored as he faces pressure from President Donald Trump regarding interest rate decisions.

Retail sales figures will also be released on Thursday, coinciding with Walmart’s earnings report.

Key earnings announcements this week include those from Cisco Systems, Alibaba Group, Deere & Co., Applied Materials, and Take-Two Interactive.

In addition, consumer and small business sentiment surveys, along with data from the homebuilding and manufacturing sectors, may also draw interest.