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Virgin Australia CEO wants borders to re-open “even if people die”

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Virgin Australia CEO

The boss of Virgin Australia has called for Australia’s borders to open, even if people may die

Virgin Australia CEO Jayne Hrdlicka has issued a plea to the Australian Government. In the letter, she urged them to reopen international borders. She said, ‘it’s now or never.’

Hrdlicka says Australia will fall behind the rest of the world if the borders stay shut. She added that this means many people will end up getting sick due to not being immune to new viruses.

The Australia federal government ordered international borders closed on 9pm on March 20, 2020.

The Government says they have no plans to reopen them until at least 2022.

Other Australian airlines are also suffering

Border closures also forced Australia’s biggest airline, Qantas, to push back international travel dates from October to late December 2021.

In a statement, Qantas said the Australian Federal Government has “revised its anticipated timeline for the completion of Australia’s vaccine rollout to end-2021 and its timeline for significantly reopening our international borders to mid-2022.”

In light of these two dates, the Qantas Group will adjust its planned international flights from end-October 2021 to late December 2021.

We remain optimistic that additional bubbles will open once Australia’s vaccine rollout is complete to countries who, by then, are in a similar position”

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Money

Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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