News
China and U.S. to abide by Taiwan agreement
US President Joe Biden has confirmed he and his Chinese counterpart Xi Jinping have agreed to abide by the “Taiwan agreement”
The President of the United States appeared to be referring to America’s longstanding “one China” policy, where it recognises China rather than Taiwan.
But – the agreement further allows the United States to maintain a “robust unofficial” relationship with Tawian.
The announcement follows escalating tensions between Taiwan and Beijing
Beijing has sent “record numbers” of military jets into Taiwan’s air defence zone for four consecutive days.
Reports suggest the military action could be done as a way warning Taiwan’s president ahead of the island’s national day.
Taiwan has its own constitution, military, and democratically elected leaders, and considers itself a sovereign state
Beijing however, views Taiwan as a breakaway province and has not ruled out the possible use of force to achieve unification with the island.
The “One China” policy, which both President Biden and President Xi are believed to have referred to, is a key cornerstone of Sino-US relations.
The policy however is distinct from the One China principle, whereby China insists Taiwan is an inalienable part of one China to be reunified one day.
“I’ve spoken with Xi about Taiwan. We agree we’ll abide by the Taiwan agreement,”
– President Biden.
“We made it clear that I don’t think he should be doing anything other than abiding by the agreement.
– President Biden
On Wednesday, Taiwan’s defence minister confirmed that military tensions with China were at its worst in more than 40 years.
The minister stated that the communist nation has the capability of mounting a “full-scale” invasion of Taiwan by 2025.
“By 2025, China will bring the cost and attrition to its lowest. It has the capacity now, but it will not start a war easily, having to take many other things into consideration,”
Taiwan’s defence minister said.
Analysts watching China closely have previously warned that Beijing is becoming increasingly concerned that Taiwan’s government is moving the island towards a formal declaration of independence and wants to deter its President Tsai Ing-wen from taking any steps in that direction.
The latest warning comes even as a Taiwanese parliamentary committee undertakes a review of a special military spending budget of T$240bn ($8.6bn; £6.32bn) over the next few years that will mostly go towards naval weapons used by Taiwan forces.
The US has continued to sell weapons to Taiwan as part of Washington’s Taiwan Relations Act, which states that the United States must assist Taiwan defend itself.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
News
U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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