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Will Qantas return to London before Perth?

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They are strange times we live in, when Australia’s national carrier could soon return to London before flying Sydney to Perth.

Project Sunrise has been hailed as the holy grail for Qantas. 230 years since the first fleet set sail on a months long voyage, modern aviation has linked far flung corners of the globe.

Qantas set out a challenge to Boeing and Airbus to deliver an ultra long-haul jet capable of linking the east coast of Australia, namely Sydney and Melbourne, to New York or London. Hopefully with a good entertainment system to boot.

Project Sunrise route map
Project Sunrise route map from Australia’s east coast.

Project Sunrise setback

In May, Qantas announced that Sydney would be the first city to launch Project Sunrise.

At the investor briefing, after announcing a $2.3 billion loss, attention quickly turned to when Qantas might restart international flights.

Right now, m Australia is locked up, with Western Australia becoming the hermit kingdom, completely separated from Sydney and Melbourne.

While Qantas chief Alan Joyce fumed at the domestic border closures, it could be the airline’s international arm that drags the Qantas group back to profitability.

Throughout the pandemic, New South Wales has been the anti-lockdown state, preferring to focus on keeping business humming and reluctantly heading into lockdown.

New South Wales residents are fast on their way to receiving 6 million vaccination jabs, seemingly hungry to reopen despite the rise in cases to above 1000 per day for the first time during the pandemic.

It’s the same strategy used by the UK, and requires a leader who can hold their ground despite rising case numbers.

In Australia, NSW Premier Gladys Berejiklian is the closest you can get to the British PM.

A Qantas 787 Dreamliner
A Qantas 787 Dreamliner

Freedom day

And just like the UK, may look to a freedom day whereby restrictions are dropped once the population hits the 80% vaccination mark. NSW is among the fastest in the world to take up the vaccine in recent weeks.

The International Air Transport Association (IATA) has already flagged the possibility of COVID passports once vaccines reach 80%.

How it works

The IATA Travel Pass provides:

  • Governments with the means to verify the authenticity of tests or vaccinations and the identity of those presenting their certificates.
  • Airlines with the ability to provide accurate information to their passengers on test requirements and verify that a passenger meets the requirements for travel.
  • Laboratories with the means to issue certificates to passengers that will be recognized by governments, and
  • Travelers with accurate information on test requirements, where they can get tested or vaccinated, and the means to securely convey the results/certificates to airlines and border authorities

That could see Qantas almost do the unthinkable opening up travel from Australia to London before internal borders are open.

A sign of how far Australia has come, or how far it has to go.

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Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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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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