Uber has been ordered to pay a 300,000 euro ($336,600) penalty, adding to the challenge of a court-ordered partial shutdown imposed on its...

Stock Market

Uber Must Pay $336,600 Penalty on Top of Brussels Near-Shutdown

The Department of Energy (DOE) said, that the United States has launched an auction for 32 million barrels of crude from four strategic...

Commodities

U.S. to Sell 32 million Barrels of Crude Oil from 4 SPR Sites

The energy ministry said the United Arab Emirates will show complete commitment and cooperation with the OPEC+ agreement.

Commodities

UAE Will Offer Complete Support to OPEC+ Decisions

Asian shares fell lower as the dollar went up on Thursday. Investors are looking towards hike rate policies...

Stock Market

Asian Shares Decline as Dollar Goes Higher

The Turkish Lira began on its recovery after reaching record lows caused by the President’s interest rate cuts.

Stock Market

Turkish Lira Finally Rebounds After Months of Lows

Coronavirus

16 Sept 2021

Australia Sees Surge in COVID Cases; Vaccination Rate Speeds Up

Australia Sees Surge in COVID Cases; Vaccination Rate Speeds Up

The Index Today

Victoria, the second-most populous state in Australia has seen the biggest one-day rise in covid-19 cases this year on Thursday. Over 514 new cases were detected as compared to last year which recorded only 473.
However, nationwide vaccination rates are also seen rising as the county boosts its immunization campaign to have as many citizens vaccinated as possible. Sydney and Melbourne are struggling to cope with a possible third wave of infections as Delta Variant becomes a threat. Over 20 million of the population has been advised to stay at home.
On the other hand, coronavirus infections in Australia are still considered lower in comparison to other countries. The government has promised to ease restrictions soon as more people get vaccinated. 44% of citizens over the age of 16 have been fully vaccinated while 60% have received one vaccine shot.
New South Wales reported 12 covid related deaths out of which 10 people were unvaccinated. Sydney has implemented a nightly curfew in suburban areas where the infection rate is extremely high. It is expected that the 70% vaccination mark will be achieved by Friday in Victoria.
Anti-lockdown protests have erupted in Melbourne as residents go through their sixth lockdown so far. Authorities and the government are encouraging people to become fully vaccinated to help minimize the risk of growing covid cases.