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Melbourne takes Buenos Aires’ lockdown crown

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Australia’s second biggest city, Melbourne has officially become the most locked-down city in the world

The title previously held by Buenos Aires, now means Melbourne has endured over 245 days of stay at home restrictions.

Melbourne was once renowned for being the world’s most liveable city, with the title becoming a key attraction for travellers eager to visit.

But the new world record is now damaging the city’s reputation, according to many whom live and work in the city.

Police and army in Melbourne
Melbourne economy taking a $700 million hit weekly.

Where to from here?

By October 26, it’s hoped 70 per cent of the state’s over 15’s will be fully vaccinated and will trigger a relaxation of restrictions for those protected.

By that time, Melburnians will have racked up more than 260 days at home since the COVID pandemic hit last year.

It’s a bitter milestone to pass as Victoria regularly records more than 1000 new cases a day two months into Melbourne’s sixth lockdown —  significantly higher than even the worst day of last year’s 112-day confinement.

The Delta variant has proven seemingly impossible to eradicate since it took hold in Sydney, which has itself just marked 100 days of stay-at-home orders, in June.

Melbourne’s record-breaking lockdown is costing the state economy $700 million a week.

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RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

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RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.


The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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U.S. and Ukraine advance new peace plan amid rising tensions

U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.

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U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.


U.S. and Ukrainian negotiators have made meaningful progress in Geneva, shaping an updated peace plan despite continued Russian strikes and growing geopolitical pressure. The talks represent one of the most significant diplomatic pushes in months as both nations work to narrow the remaining gaps in the framework.

While the proposal is being hailed as a breakthrough by some, leaders in Kyiv and parts of Europe fear it may tilt in Russia’s favour. Sensitive issues, security guarantees, and the controversial details of a leaked U.S. draft are now fuelling debate on both sides of the Atlantic.

With U.S. senators divided and European leaders deeply involved, the next steps will determine whether this framework becomes a workable path to peace or sparks further tension.

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#UkraineWar
#USPolitics
#PeaceTalks
#RussiaUkraine
#Geopolitics
#GlobalNews
#TickerNews
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