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 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.
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.
Peloton partners with Lululemon as stock surges
Peloton’s stock prices experienced a remarkable surge as the company unveiled an exciting collaboration with popular athletic apparel brand, Lululemon.
This strategic partnership is set to bring a fusion of digital fitness content and stylish workout apparel to fitness enthusiasts worldwide.
The partnership aims to leverage Peloton’s extensive library of on-demand and live fitness classes with Lululemon’s renowned activewear. Subscribers to Peloton’s digital fitness platform will soon have access to exclusive Lululemon workout collections, making it easier than ever for fitness enthusiasts to look and feel their best during their workouts.
Investors have responded positively to this news, driving Peloton’s stock prices to new heights. The synergy between the two companies is expected to create a win-win situation. Peloton can tap into Lululemon’s massive fan base, while Lululemon can expand its presence in the rapidly growing digital fitness market.
The partnership also includes collaborative marketing efforts, with joint promotions and events that will undoubtedly generate buzz and excitement among fitness enthusiasts. This move is seen as a bold step by both companies to stay competitive in the evolving fitness landscape.
As the fitness industry continues to evolve and adapt to changing consumer preferences, partnerships like this one highlight the importance of innovation and collaboration. Peloton and Lululemon’s joint venture promises to provide consumers with not only top-notch fitness content but also the trendiest workout attire.
Kraken to launch US stock trading, expanding offerings
Cryptocurrency exchange Kraken is set to broaden its services by enabling users to trade US-listed stocks, according to reports from Bloomberg News.
This move marks a significant expansion for the platform, allowing customers to diversify their investment portfolios beyond cryptocurrencies.
Kraken’s foray into traditional stock trading will provide its users with access to a wide range of US-listed equities, including well-known companies from various industries. By offering this additional asset class, Kraken aims to cater to the growing demand for a holistic investment experience that combines both traditional and digital assets.
The move is seen as a strategic response to the evolving landscape of financial markets, where traditional and cryptocurrency investments are becoming increasingly intertwined. Kraken intends to streamline the trading process for its users, enabling them to manage both their cryptocurrency and stock portfolios within a single platform.
Kraken’s entry into the US stock market could potentially introduce new opportunities and challenges for the exchange, as it will need to navigate the regulatory requirements associated with stock trading. However, the exchange’s established track record and commitment to compliance should help ease this transition.
This development aligns with Kraken’s ongoing efforts to position itself as a comprehensive financial services provider, offering a wide array of investment options to its global user base.
Does remote work hamper diversity efforts?
UK finance executives express concerns that remote work is hindering diversity initiatives, signaling potential setbacks in the industry’s push for inclusivity.
As businesses continue to adapt to the changing work landscape brought on by the COVID-19 pandemic, remote work has become a staple for many industries, including finance. While it has provided flexibility and continuity during uncertain times, some financial leaders are now questioning its impact on diversity and inclusion within their organizations.
In a recent survey of UK finance executives, a substantial portion voiced apprehensions about the ramifications of prolonged remote work. They argue that the lack of physical presence in the office can exacerbate disparities, making it harder to foster an inclusive work environment.
One of the primary concerns raised by these executives is the potential for remote work to perpetuate existing inequalities. They believe that employees from underrepresented groups may face more significant challenges in terms of career progression and networking when they are not physically present in the workplace. This could lead to a stagnation in efforts to diversify leadership teams and foster equal opportunities.
Furthermore, the executives highlight the difficulties in monitoring and addressing issues related to diversity when employees are dispersed geographically. Ensuring equitable access to resources, mentorship, and career development opportunities becomes a more complex task.
Despite these concerns, it’s important to note that remote work has also opened doors for talent from different locations and backgrounds, potentially contributing positively to diversity efforts. Striking a balance between the advantages of remote work and the imperative to promote diversity remains a pressing challenge for finance organizations.
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