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Japan considers building longer-range missiles

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Japan will expand its military spending to improve missile capabilities in countering China and Russia

The Ministry of Defence’s annual budget request on cruise missiles reveals the country is seeking the ability to strike more distant targets.

“China continues to threaten to use force to unilaterally change the status quo and is deepening its alliance with Russia.”

“It is also applying pressure around Taiwan with supposed military exercises and has not renounced the use of military force as a way to unite Taiwan with the rest of China,” the ministry said in the budget request.

The plan also represents a departure from the armed forces limit imposed by Japan’s pacifist constitution. 

Since the end of World War II, Japan has pursued a pacifist foreign policy and is only allowed to use missiles with ranges of a few hundred kilometres.

According to Reuters, “the government will approve that increased request at the end of the year when it will also unveil a major defence strategy overhaul and a new midterm military buildup plan.”

Japan’s Prime Minister Fumio Kishida has promised in the nation’s upper house election to double defence spending to 2% of gross domestic product over five years.

That would make the country become the world’s third biggest military spender behind the United States and China.

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U.S.-India pharmaceutical trade partnership?

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The United States wants to diversify its supply chain and achieve affordable medicine resilience.

The Indian Pharmaceutical Alliance is urging a U.S.-India trade partnership to reduce reliance on foreign sources for both nations’ pharmaceutical supply chain.

The goal is to diversify both countries’ supply chain and achieve affordable medicine resilience.

Kathleen Jaeger, the President and CEO of The Center for American Medicine Resiliency joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #pharmaceutical #India #trade

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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