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Flights Resume Amidst Bali Eruption, Economic Shifts in Australia

1 day ago

Flights Resume Amidst Bali Eruption, Economic Shifts in Australia
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10 Highlights

  • Flights to Bali resume post-volcanic ash cancellation.
  • Volcanic eruption prompted evacuation and travel cancellations.
    • Jetstar, Qantas resume flights; Virgin maintained schedule.
    • NAB cuts mortgage rates amid intense banking competition.
    • Childcare costs in Australia deter female workforce participation.
    • Australia maintains a stable 4.1% unemployment rate.
    • Australian labour market remains strong yet faces inflation pressure.
    • RBA unlikely to cut interest rates in the near term.
    • High childcare costs drive away potential workforce entrants.
    • Government subsidies fail to alleviate childcare expenses.
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