Good morning all.
Workers in New South Wales and Queensland who play a critical role in supply chains and emergency services will not be required to isolate themselves as close contacts, according to changes It was submitted by both countries yesterday. The adjustments come in the wake of major food shortages across the country, as large numbers of workers in the retail and transportation industries have been forced out of work with COVID-19. Starting today, workers who are asymptomatic will be allowed to continue working, regardless of their status.
The Djokovic saga continues. His case will be heard in the federal court today, as his lawyers are challenging the government’s refusal of his visa. In an appeal document filed with the court, they claimed that Djokovic tested positive for the COVID virus in December, and that on those grounds his exemption should remain in effect. Ahead of the hearing, Morrison’s government warned that even if the court overturned his visa status, it would slap him again.
Parents across eastern states are reported to be outraged that their children’s vaccination appointments have been canceled, with children ages 5 to 11 hiccuping before it even starts. The cancellations come as a result of another supply contraction, which has seen some GPs get a fraction of the vaccines they promised. The Office of the Minister of Health has reliably denied the allegations. He is “pleased” that some of the GPs were able to get a head start.
Prime Minister Scott Morrison has reportedly called a cabinet meeting on national security in an effort to tackle the country’s disrupted supply chains. There isn’t much his government could actually do in the way of federal intervention, but it was reported that changes to isolation requirements were being rolled out for the first time. The Australian Retail Association and Association of Store, Distribution and Allied Employees were pleased with the changes, but said the free RATs were key to easing supply chain stress.
Shops and cafes suffer the biggest spending losses since the Delta shutdown, as people choose not to leave their homes Amid the high number of Omicron cases. ANZ’s weekly national spending data for the week ending January 5 shows that public spending fell sharply after the Christmas period, as NSW and Victorians became cautious and started avoiding leaving their homes. It has become clear that consumers have locked themselves in, said David Blanc, head of Australian economics at ANZ.
Sydney-based courier platform Zoom2u has created a rapid, donation-driven marketplace for antigen testing, which collects them from those who have the most, and gets them to those who need them for free. In practice, the service sends a courier to the premises of a person who has tests to spare. Then, the driver either sends them back to headquarters, where the tests/tests are kept for storage, or they are routed directly to a person who has registered their interest via the courier service website.
Executives at Australia’s top venture capital firms are so confident that the next unicorn on the market will be a crypto suite that they back the founders with half-baked ideas, Australian Reports. The thesis of AirTree Ventures partner James Cameron is that Web3 projects now employ the best tech talent in Australia. “In general, though, we make sure that we remain open-minded and not get too carried away with objective thinking. We know that good ideas can come from anywhere, and our founders are in the best position to find the gaps in their markets.”
Luxury real estate agents say the upper tier of the housing market is still a beehive of activity, contrary to recent home price data. by CoreLogic. There is no sign of any slowdown at the end of the market, said David Morrell, a Melbourne-based buyer agent who specializes in home insurance for wealthy clients in Toorak and South Yarra. “That’s not what I’m experiencing. We’ve had more than two to three busier weeks of the year in the run-up to Christmas,” he told AFR.
US stocks ended the first week of 2022 lower as investors digest the missed December jobs report and try to plan for an impending Fed rate hike. Selling pressure in US stocks started on Wednesday when the minutes of the December meeting of the Federal Open Market Committee showed that policy makers are looking at the possibility of monetary policy tightening faster than expected.
Ethereum’s dominance is at risk, as the crypto network is still a year away from receiving a major upgrade to its blockchain that would make it more competitive against newer protocols, according to JPMorgan. Efficiency concerns, number of transactions per second, and high gas fees have been issues that have plagued Ethereum in recent months, in part due to the increasing transaction volume of NFTs and other digital goods that often use Ether as the currency of choice.