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Victoria scraps the 2026 Commonwealth Games

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The Victorian government has announced that the 2026 Commonwealth Games will not go ahead in regional Victoria and will be scrapped completely.

The government announced in 2022 that the Games would be hosted across regional Victorian centres, including Ballarat, Bendigo and Shepparton.

Vic Premier Daniel Andrews says the true cost was likely to be closer to $6 billion or $7 billion and the state simply could not afford it.

The premier has announced a $2 billion spending package for regional Victoria to make up for the loss of the Games, which was to act as a boost for facilities in the host centres.

The Victorian opposition has responded to the news, calling it a “massive humiliation” for the state.

The premier has been asked why the Games couldn’t have been held in Melbourne, rather than cancelled altogether?

He says the government has “looked at every option” but the state couldn’t afford it.

But just repeating the news that the Victorian Premier Daniel Andrews has scrapped plans for regional Victoria to host the 2026 Commonwealth Games.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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