This Week in Sports

Health

More Covid first dose vaccines needed to contain NSW outbreak

More Covid first dose vaccines needed to contain NSW outbreak

New South Wales will beef up its vaccine strategy in the hope that more jabs can help quash Sydney’s COVID-19 outbreak. The state reported 136 new local cases on Friday, a new daily high for the current outbreak which started in mid-June. Chief Health Officer Kerry Chant advised for the first time on Friday that the outbreak was a “national emergency”. The virus is spreading particularly quickly among young workers in critical industries who live in Sydney’s west and southwest, Premier Gladys Berejiklian said, and more first vaccine doses in those hot spots could slow the transmission. “We need to...

Business

Lorna Jane slapped with $5-M fine for ‘exploitative’ and ‘predatory’ advertising over COVID-19 claims

Lorna Jane slapped with $5-M fine for ‘exploitative’ and ‘predatory’ advertising over COVID-19 claims

Lorna Jane has been fined $5 million and labelled “predatory and exploitative” by the Federal Court after the popular activewear brand falsely claimed its clothes could eliminate COVID-19 and stop it spreading. During the deadly virus outbreak, the company claimed its anti-virus activewear had been sprayed with a substance called “LJ Shield”, which protected people against pathogens. Advertisements on the brand’s website, stores and Instagram used the tag “Cure for the Spread of COVID-19? Lorna Jane Thinks So”. The Australian Competition and Consumer Commission (ACCC) launched court action against Lorna Jane for allegedly making false and misleading claims. In a...

Technology

More money chases Indian tech start-ups as investors shun Chinese names

More money chases Indian tech start-ups as investors shun Chinese names

At a time when investors are selling Chinese technology stocks, more money is chasing Indian start-ups. Shares of food delivery app Zomato soared as much as 82% in their debut Friday on the National Stock Exchange of India. The initial public offering was priced at 76 rupees per share, or a little more than $1 per share. The stock opened more than 50% higher, valuing the company at about 910 billion rupees or $12.2 billion. Jayasankar Venkataraman, head of equity capital markets at Kotak Investment Banking, said before trading started that the IPO was oversubscribed for institutional and retail investors....