Australian state tightens border curbs amid Omicron concerns

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Australian state tightens border curbs amid Omicron concerns

Canberra, Dec 4 | Australian state tightens border curbs amid Omicron concerns. The state government of South Australia (SA) has imposed further border restrictions amid concerns about the Omicron Covid-19 variant.

Premier Steven Marshall on Saturday announced that SA’s borders will remain open to domestic travellers but those from the Covid-hit Australian Capital Territory (ACT), New South Wales (NSW) and Victoria must have a coronavirus test on arrival and isolate until it comes back negative.

They will also be required to have a second test on day six if they are still in SA, Xinhua news agency reported.

“We remain extraordinarily concerned about the Omicron threat,” Marshall told reporters. “We don’t know enough about the Omicron variant at this stage, so we are being very cautious.”

Police Commissioner Grant Stevens said the state’s directions committee made a consensus decision not to impose a hard border closure but said “significant spread” of Omicron interstate would trigger stricter restrictions.

“The best course of action at this point in time, in the absence of more detailed information, is to enhance our testing and surveillance, which is what we’re doing,” he said.

As of Saturday morning there were 15 confirmed Omicron cases in Australia – 13 in NSW, one in the ACT and one in the Northern Territory (NT).

The ACT’s first case, which was confirmed on Friday, was fully vaccinated but has not travelled overseas recently, triggering an investigation into the source of the infection.

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On Saturday, Australia reported over 1,700 new Covid cases and 10 deaths as the country continues to battle the third wave of infections.

The majority of new cases were in Victoria, the country’s second-most populous state with Melbourne as the capital city, where 1,365 cases and nine deaths were reported.

As of Friday, 92.8 per cent of Australians over 16 years of age had received one vaccine dose and 87.9 per cent have received their second dose, according to the Health Department.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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