10 things you need to know this morning in Australia

10 things you need to know this morning in Australia
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Morning all. Welcome to Tuesday.

Victorians are set to find out if they’ll come out of lockdown today. Expect the five-kilometre travel limit to go and schools and gyms to reopen, mask mandates, home visitation limits and tough restrictions on hospitality businesses to remain. There were 10 new cases announced this morning, all linked to the current outbreak. Adelaide’s lockdown is also looking good to end tonight as well, to be replaced with strict restrictions.

Young people are driving transmission in Sydney’s COVID-19 outbreak, and the NSW Government is refocusing its vaccine effort on critical workers under 40. A unit block in Sydney’s west is in total lockdown after multiple residents tested positive to COVID-19. The state recorded 145 new locally acquired cases yesterday. A number of new exposure sites have also been released:

Remember Novavax, the vaccine that was supposed to be one of our weapons in the fight to get Australia vaccinated by the end of the year? The Guardian reports that 51 million doses of the shot originally due to arrive in the second half of this year are now not expected until 2022. On Monday, Health Minister Greg Hunt said the government had always considered Novavax as a “backup” – a change in rhetoric from earlier in the year.

The latest CoreLogic data shows Australia’s property market is firing on all cylinders, mirroring the last price peak seen four years ago. Back then, the heat in the market was enough to force regulator APRA to make a move, restricting the flow of credit and putting an end to soaring prices. Regulators are expected to make similar moves this time if the market doesn’t slow down of its own accord, as lending growth runs away and prices break record highs.

Australian swimmer Ariarne Titmus beat American Katie Ledecky – widely considered among the best swimmers on the planet – to win gold in the 400m women’s freestyle. “I can’t believe it. I’m trying to contain my emotions,” Titmus said. “This past year I don’t know whether it’s gone fast or slow, but to get here was a relief. To come here and do the job, I’m over the moon.” Titmus’ victory handed Australia its second gold medal of the Games.

Australia’s arts and entertainment sector “will not be in a position to reboot” following the loss of jobs in the past 18 months without massive government investment, a new report warns. Commissioned by peak arts body the MEAA, the report examined the impact of government funding to support the industry during the pandemic. “The absence of widespread, long-term government support” had prevented the sector from returning to pre-pandemic conditions, the report found.

Job ads that included the choice to work from home tripled in the first five months of this year, according to newly released data from LinkedIn. The spike is a signal the remote and flexible work forced on companies by the pandemic are likely to persist, Matt Tindale, managing director for LinkedIn Australia and New Zealand told Business Insider Australia. Tindale said allowances for flexible work were now extending to even graduate and entry level jobs.

Australia’s Gen Z shoppers have the highest ethical fashion consumption index score of any age cohort, a new report states. Baby boomers and older Australians generally ranked lowest, according to the 2021 Baptist World Aid Australian Ethical Consumption Report. The findings suggest major manufacturers and retailers will need to adjust their practices to keep up with changing tastes and ethical mores.

Tesla reported its earnings for the second quarter of 2021 on Monday afternoon. In short, it looks pretty good for the electric car maker, as it crushed Wall Street’s expectations for revenue and profit. The company largely managed to escape the worst effects of a global semiconductor shortage straining the industry. It’s also the first quarter that Tesla turned a profit even without counting sales of zero-emission credits to other automakers, a revenue source it has historically relied on to stay in the black.

Because of increasing Delta variant COVID-19 cases, the US won’t lift its travel restrictions, an official told Reuters. The US bars most noncitizens who were in areas including China, Iran, Brazil, South Africa, India, the UK, Ireland, and the European Schengen Area in the previous 14 days. Cases are increasing in the US, especially among unvaccinated people, health officials say.

BONUS ITEM

Interesting read here on tobacco giant Philip Morris International planning to stop selling cigarettes in the UK in the next 10 years, with its CEO actively calling for a ban. This isn’t a moment of moral clarity, obviously – they simply see a future (and big dollar signs) in smokeless products like vapes and e-cigs.