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China gears up for military drills after Pelosi visit to Taiwan

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The G7 Foreign Ministers: ‘concerned by recent and announced threatening actions by PRC’

Speaker Nancy Pelosi (D-Calif.) on Wednesday spoke to Taiwan’s legislature, met with the country’s president, and said her visit honors America’s unwavering commitment to supporting Taiwan’s vibrant democracy.

“We commend Taiwan for being one of the freest societies in the world, for your success in addressing [the COVID-19 pandemic], which is a health issue, a security issue, an economic issue, and a governance issue,” she said.

The speaker arrived in Taipei late on Tuesday with a congressional delegation to praise the independent island claimed by China. Beijing lost no time in announcing its ire, outlining a schedule of military maneuvers in protest.

Back in Washington, U.S. President Joe Biden held a secure phone call with his national security team and discussed a wide range of priorities, including the United States’ support of a free and open Indo-Pacific.

Meanwhile, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States of America said they are concerned by recent and announced threatening actions by the People’s Republic of China (PRC), particularly live-fire exercises and economic coercion, which risk unnecessary escalation.

Pelosi left behind a crisis and a new brinkmanship between China and the U.S. over power and influence in Asia. Taiwan is bracing for Beijing to begin live-fire military drills on Thursday, an escalation without recent precedent. During the drills, Chinese forces are expected to drop missiles only 10 miles from the island’s coast, a direct challenge to what Taiwan defines as its coastline.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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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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