Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

By Renju Jose

SYDNEY (Reuters) – Sydney, the epicentre of Australia’s biggest coronavirus outbreak, is expected to see daily infections peak next week, authorities said on Monday, as they look to speed up immunisations before easing lockdown rules.

Australia is trying to contain a third wave of infections that has hit its two largest cities, Sydney and Melbourne, and its capital Canberra, forcing more than half the country’s 25 million people into strict stay-at-home restrictions.

New South Wales Premier Gladys Berejiklian said the government’s modelling revealed the state would require its highest number of intensive care beds in early October, with “additional pressure on the system” in the next few weeks.

Daily cases in Sydney’s worst-affected suburbs are expected to rise to as high as 2,000 until the middle of this month, the modelling showed.

If too many of us do the wrong thing, (if) there are too many super-spreading events, we could see those numbers higher,” Berejiklian said during a media briefing in Sydney, the state capital.

A total of 1,071 COVID-19 cases are currently in New South Wales hospitals, with 177 people in intensive care (ICU), 67 of whom require ventilation. Officials have said they had quadrupled ICU beds to about 2,000 in the state early last year to handle the pandemic.

The state reported 1,281 new cases on Monday, most of them in Sydney, down from 1,485 a day earlier. Five new deaths were recorded. Victoria state, which includes Melbourne, reported 246 new cases on Monday, its biggest daily rise of the year.

Despite the recent outbreaks, Australia’s coronavirus numbers have remained relatively low at around 63,000 cases and 1,044 deaths helped by hard lockdowns and border restrictions.

But businesses have had to bear the brunt, with Australia on the brink of a second recession in as many years.

Melbourne’s giant observation wheel, part of the city’s skyline for more than 15 years, will close permanently due to COVID-related “travel restrictions and sustained shutdowns”, its operator said on Monday.

Australian Industry Group, meanwhile, has warned the country could face power blackouts in summer if quarantine-weary workers refuse to cross state borders for repairs and maintenance.

VACCINE RUSH

Authorities have pledged more freedom of movement, including opening of state borders, once 70% to 80% of the population aged over 16 is vaccinated, although some virus-free states may delay their reopening plans due to the Delta outbreak in Sydney.

Just over 38% of Australia’s adult population has been fully vaccinated, with the country expected to reach 70% by early November based on current rates.

The federal government has doubled the available Pfizer doses for September after last week entering into vaccine swap deals with Britain and Singapore for a total of around 4.5 million doses, with nearly half a million arriving overnight.

There will be another set of flights in a couple of days, but we’ll pretty much be getting a million of the four million every week over the next four weeks,” Lieutenant General John Frewen, head of the vaccination taskforce, told broadcaster ABC.

Frewen said one million doses of Moderna will also reach Australia in “a week or so”, becoming the third vaccine to join the rollout along with Pfizer and AstraZeneca shots.

(Reporting by Renju Jose; editing by Jane Wardell and Lincoln Feast)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts