Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Israel summons Australia’s ambassador over controversial decision

Published

on

Australia has ended its recognition of West Jerusalem as the capital of Israel

Australia’s foreign minister Penny Wong confirmed the nation will once again recognise Tel Aviv as Israel’s capital city.

Israel says Australia’s decision to recognise West Jerusalem as the capital of Israel, is a “hasty response”.

The nation’s foreign ministry is summoning Australia’s ambassador over the controversial decision.

Israel is pushing Australian lawmakers to take these types of matters seriously in the future.

However, Wong says Australia stands by its previous and long-standing position that Jerusalem is a final status issue and it should be resolved as part of any peace negotiations.

What does this all mean?

Well the status of Jerusalem is one of the main sticking points in the global effort to resolve the long-standing conflict between Israel and the Palestinians.

While Israel claims all of Jerusalem is its capital, Palestinians reject this assertion.

They believe East Jerusalem is the capital of their future, independent state.

Israel controls the entirety of the city and any peace deal would need to resolve this first.

The international community officially regards East Jerusalem as occupied territory and there isn’t one country that has their embassy in the region, instead opting for Tel Aviv. 

Former Prime Minister Scott Morrison formally recognised West Jerusalem in ­December 2018, despite holding off on any relocation of Australia’s embassy from Tel Aviv.

Wong says this recognition was politically motivated to win the federal seat of Wentworth, which has a large number of Jewish residents.

Australia’s decision to recognise West Jerusalem was condemned by much of the international community as world leaders continue the push for peace in the region.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading

News

Rapid growth, ambitious expansion plans, financial struggles…

Published

on

Following bankruptcy proceedings, WeWork embarked on a journey to stabilise its operations, reduce costs, and regain investor trust.

Overall, the WeWork story serves as a cautionary tale of the pitfalls of rapid expansion, unsustainable business models, and the importance of sound governance and financial discipline in the startup ecosystem.

Continue Reading

News

The EV transformation expands to legacy vehicles

Published

on

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.

Continue Reading

News

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

Published

on

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.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now