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Finland, Sweden another step closer to full NATO membership

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Finland and Sweden are a step closer to full NATO membership after all thirty NATO allies signed an accession protocol.

It will be NATO’s biggest expansion in decades – but it likely won’t happen in full for at least a year.

NATO allies signed an accession protocol for Finland and Sweden to join the military alliance in Brussels on Tuesday (July 5).

Ankara had previously threatened to scupper their chances of joining.

Both Nordic countries gave assurances to Turkey in response that they would do more to fight terrorism – and Turkey backed down.

NATO Secretary General Jens Stoltenberg hailed the historic move,

This is truly an historic moment […] with 32 nations around the table, we will be even stronger.

JENS StOLTENBERG, NATO SECRETARY GENERAL

This protocol allows Helsinki and Stockholm to take part in NATO meetings, and have greater access to intelligence.

But the ratification process can take up to a year or more.

Neither country will be protected by NATO’s defence clause – where an attack on one is considered an attack on all during that time.

THE DUMA IS RUSSIA’S PARLIAMENT


Meanwhile, Russia’s Duma announced two bills that would put Russia onto a more aggressive wartime economy.

The first bill would allow Russia’s government to demand businesses supply the military with goods.

The second bill would oblige employees to be available to work overtime, nights, and forego additional pay in support of Russia’s invasion of Ukraine.

The bills need a second and third reading, approval by Russia’s upper house, and be signed by Vladimir Putin before they would become law

Simon is a ticker NEWS corespondent in London. Simon started his career in his hometown of Sydney as a news video producer for NineMSN, then moved to the UK with Good Morning Britain on ITV, followed by a TV reporter for a local news service in Manchester in England’s north. Simon joins ticker News after several years in the London headquarters of ITN Productions as a news producer, and as an assistant news editor for ITV News.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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