RBA Reports AU$4.2 Billion Loss, Marking Fourth Consecutive Year Of Deficits

RBA Reports AU.2 Billion Loss, Marking Fourth Consecutive Year Of Deficits

The Reserve Bank of Australia (RBA) has reported an accounting loss of AU$4.2 billion for the last financial year, exceeding total losses by AU$51 billion since the onset of COVID-19. RBA governor Michele Bullock announced the central bank incurred a loss of AU$4.2 billion, during 2023-24, recording its fourth consecutive year of accounting losses. The … Read more

Australia Faces Growing Threat From Highly Infectious FLuQE Covid Subvariant

Australia Faces Growing Threat From Highly Infectious FLuQE Covid Subvariant

FLuQE, a new subvariant of the Covid virus, which is highly infectious and poses an increasing risk of infection, is on the rise across the globe and in Australia, health experts have warned. Though FLuQE has similar ingredients of the recent FLiRT virus, its extra mutation makes it more contagious, increasing risk of infection, as … Read more

Australia Braces For COVID Surge As FLiRT Variants Spread

Australia Braces For COVID Surge As FLiRT Variants Spread

A new family of highly transmissible COVID-19 subvariants, named FLiRT, have made their way to Australia, with experts beliving there might be a surge in infections in the summer. In the US, one subvariant, KP.2, has already taken center stage. Doctors claim that FLiRT does not produce a more serious sickness than its predecessors despite … Read more