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First Australian company to follow U.S lead on mandating vaccines

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In an Australian first, manufacturer SPC will mandate that all of its staff must be fully vaccinated by the end of November to enter any location

It’s a leaf out of the U.S book, following big tech companies allowing only vaccinated employees into US Offices.

Alphabet Inc.’s Google and Facebook Inc. said on Wednesday all U.S. employees must get vaccinated to step into offices. Google is also planning to expand its vaccination drive to other countries in the coming months

How will SPC vaccinate staff before year-end?

It may seem to be a common trend in the U.S. but this is a first for Australia.

SPC is a leading producer of premium packaged fruit in Australia.

SPC’s said the company recognises the significant threat the COVID-19 Delta variant poses to both the business and the broader Australian community. 

“A fully vaccinated workforce will ensure that SPC can continue to deliver an essential service while helping Australia return to an open economy in line with the Prime Minister’s four-point plan out of COVID,” Australia’s #1 producer of premium packaged fruit said in a statement on Thursday.

All SPC staff, including casual and permanent staff as well as contractors, must have at least the first dose of the vaccine scheduled by September 15 2021, with the first dose administered by the end of October.

Any visitors to an SPC site will also be required to be vaccinated.

SPC Chairman, Hussein Rifai, said lockdowns are not a sustainable solution and the Australian economy needs to open up again.

“The Delta variant poses a significant threat to our people, our customers and the communities we serve. The only path forward for our country is through vaccination,

RIFAI SAID.

Bold new plans to get Aussies vaccinated by Christmas

Australia’s vaccination rollout coordinator has unveiled a bold new strategy that would see 80 per cent of the country’s residents fully vaccinated against Covid-19 by December.

The latest statistics show that 80 per cent of the eligible population could receive both doses by the year’s end, with 70 per cent protected by November.

It comes as the Federal government calls for an elevated level of collaboration and cooperation across the country to increase the speed of the rollout.

Sydney is currently in its sixth week of strict stay-at-home orders – with the state’s premier previously flagging that vaccines may be the only option to bring the Delta variant under control.

It follows the national cabinet meeting to endorse a plan that would see Australia begin to move into a pandemic “consolidation” phase following 80 per cent of the eligible population being vaccinated.

Should companies be mandating vaccines?

“As a Company, we believe it is the right thing to do and we must go further to minimise risk and to protect the people we care about from the Delta variant,” said Rifai. 

SPC CEO, Robert Giles, said Australian companies must go further by rapidly vaccinating their staff.

“By taking proactive steps now, we are shoring up our Company for the future. We firmly believe that it will be manufacturers and innovators like SPC who will help drive Australia’s post-COVID economic recovery,” Giles said.

All staff will be aided and offered compensation via paid time off when required to receive their vaccinations as well as special paid leave of up to 2 days for any staff who may become unwell after vaccination. 

For those with a pre-existing condition and are unable to receive the vaccine their circumstances will be considered on a case by case basis. 

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AI fears rattle global markets and investors

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

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AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.

Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.

UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.


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U.S. stocks falling amid AI worries and weak earnings

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

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U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.


U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.

For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.

Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.


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Wall Street tumbles as tech stocks face AI disruption fears

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

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Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.


Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.

Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.

The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.

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