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112 new cases: Australia isolates entire state to prevent spread of Delta variant

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Australia cuts off one if its major states from the rest of the country as the Delta variant rapidly spreads

The Australian state of New South Wales has recorded 112 new cases of COVID-19.

While the majority of cases are close family contacts, 34 were in the community whilst infectious.

New South Wales is in the grips of its third week under lockdown conditions. However, the state has come under fire for not locking down sooner, and with harsher restrictions.

NSW Health has also advised that an infectious removalist visited the state of Victoria on July 8 and 9. Victoria is the country’s second largest state.

Victoria’s Health Minister, Martin Foley says the state government will list exposure sites soon. He added that people will need to isolate amid the emerging New South Wales’ Covid-19 outbreak.

As the world reopens for business, New South Wales shuts its doors

New South Wales’ lockdown will include major city Sydney, which is home to over 5 million people.

The rest of Australia remains open for business, including the country’s second-biggest state. The state of Victoria hasn’t recorded a new locally-acquired infection in over a week.

This all follows the news that a 90-year-old woman died from Covid yesterday. This is Australia’s first Covid-related death of the year.

New South Wales expected to reach over 100 positive cases

The state’s premier, Gladys Berejiklian says she expects the upward trend of new cases will continue this week. Experts anticipate there will be around 100 new positive results in the state recorded today.

It follows New South Wales recording 77 new locally acquired Covid-19 cases, with 42 active in the community whilst infectious.

The Premier says she’s anticipating the numbers in New South Wales “will be greater than 100 tomorrow”. She also said she’ll be “shocked” if they’re not.

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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Tariffs disadvantage PepsiCo in cola competition with Coca-Cola

Trump’s tariffs disadvantage Pepsi as concentrate production in Ireland faces 10% levy, while Coca-Cola remains less affected.

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Trump’s tariffs disadvantage Pepsi as concentrate production in Ireland faces 10% levy, while Coca-Cola remains less affected.

In Short

PepsiCo is struggling in the soda market due to a new 10% tariff on its Irish concentrate, while Coca-Cola, which produces more domestically, gains a competitive edge.

Both companies face rising costs from a 25% aluminum tariff, contributing to concerns about increasing soda prices and market share for PepsiCo.

PepsiCo and Coca-Cola are currently facing challenges in the soda market, exacerbated by recent tariff changes.

PepsiCo manufactures most of its U.S. soda concentrate in Ireland, benefitting from low corporate taxes. However, the recent implementation of a 10% tariff on its concentrate has placed Pepsi at a disadvantage compared to Coca-Cola, which produces more of its concentrate domestically.

Coca-Cola has historically produced concentrate in both Ireland and the U.S., notably in Atlanta and Puerto Rico. This allows Coca-Cola to avoid the tariffs affecting Pepsi, impacting their competitive position in the market. Analysts suggest that the unforeseen tariffs have shifted the advantage towards Coca-Cola.

Riding prices

Additionally, both companies are facing a 25% tariff on aluminum imports, particularly concerning for Coca-Cola, which sources some aluminum from Canada. Rising prices for soda are a potential consequence of these tariffs.

PepsiCo’s market share has been declining, and the timing of these tariffs could hinder its efforts to regain footing in the U.S. soda market. They also have additional concentrate production in locations like Texas and Uruguay, but the company has not provided specific strategies for addressing the tariff impact.

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Trump’s economic goals may harm markets and consumers

Trump’s economic goals risk higher prices, interest rates, lower stock prices, and a weaker dollar, impacting consumers and investors.

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Trump’s economic goals risk higher prices, interest rates, lower stock prices, and a weaker dollar, impacting consumers and investors.

In Short

Trump’s economic goals aim to reduce the trade deficit, potentially harming the U.S. economy by decreasing capital inflows.

The shift may lead to reduced consumer spending, higher prices, and increased interest rates, with uncertain impacts on manufacturing and investment.

Trump’s economic goals centre on reducing the trade deficit, but this could lead to significant consequences for the U.S. economy.

The balance of payments requires a corresponding inflow of capital to offset trade deficits. Historically, foreign investment in American assets has supported this balance. However, Trump’s approach risks disrupting this dynamic, leading to diminished capital inflows.

Decreasing the goods deficit can occur in two ways. First, by sacrificing services, which could hurt sectors like Wall Street to strengthen manufacturing. Second, a reduced overall trade deficit means less foreign capital, necessitating more domestic savings.

Foreign savings

This shift towards savings will lead to reduced consumer spending. The reliance on foreign savings allowed higher consumption, but the new focus favors workers rather than consumers.

Market reactions could include increased prices and decreased product variety due to tariffs, regarded as the largest tax rise in decades. Higher interest rates may follow as diminished foreign capital necessitates domestic investment in Treasuries, impacting share prices.

Additionally, a weaker dollar could result if the U.S. economy weakens, affecting foreign investment. Concerns over the Federal Reserve’s independence may further undermine confidence in the dollar.

While a reduction in deficits through increased exports is theoretically possible, it remains uncertain if other economies will prioritise American products. The likelihood of significant manufacturing returns to the U.S. seems slim, suggesting that both investors and consumers could face challenges ahead.

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Zelenskyy: Russia feigns ceasefire amid ongoing attacks

Zelenskyy accuses Russia of faking a ceasefire as attacks persist despite Putin’s Easter truce announcement.

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Zelenskyy accuses Russia of faking a ceasefire as attacks persist despite Putin’s Easter truce announcement.

In Short

Ukrainian President Zelenskyy accused Russia of falsely claiming a ceasefire as attacks persist, reporting multiple incidents of shelling and assaults despite Putin’s temporary truce announcement.

Zelenskyy reaffirmed Ukraine’s offer to extend a truce while emphasising the need for Russia to respect ceasefire conditions.

Ukrainian President Volodymyr Zelenskyy accused Russia of falsely portraying a ceasefire situation. Despite Russian President Vladimir Putin’s recent declaration of a unilateral temporary truce for Easter, attacks have continued.

Zelenskyy stated that while there may be an impression of a ceasefire, Russian forces are still attempting to advance and cause damage. He reported 59 instances of shelling and five assaults by Russian units over the weekend, alongside numerous drone strikes.

The president highlighted the importance of Russia adhering to ceasefire conditions and reiterated Ukraine’s offer to extend the truce for an additional 30 days starting from midnight. He confirmed that this proposal remains open and that actions would be based on the situation on the ground.

Easter truce

In the Kherson region, officials claimed that Ukrainian forces continued their offensive, claiming attacks on civilian areas, which they asserted violated the Easter truce. This statement came from Moscow-appointed governor Vladimir Saldo.

Putin announced the ceasefire for humanitarian reasons, set to last from 6 p.m. on Saturday to midnight following Easter Sunday. However, he did not specify details regarding monitoring the ceasefire or its implications for airstrikes or ongoing ground battles.

The announcement followed comments from U.S. President Donald Trump, suggesting that negotiations between Ukraine and Russia are progressing.

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