Leading superpowers meet for G20

Published

1 year ago

November 15, 2022

The world’s leading economies are in Indonesia for the G20 summit

Twenty of the world’s leading economies are in Bali for the all-important G20 summit, including the U.S., China, France, India, the UK and Australia.

The forum is an opportunity for leading superpowers to improve relations and overcome shared economic challenges.

This is a special G20.

We have to address the global consequences of Russia’s war on food and energy security, while staying the course on our global agenda.

It’s a challenge that Europe is ready to tackle.

All other global powers should take their responsibilities as well. pic.twitter.com/YI18taYi9X
— Ursula von der Leyen (@vonderleyen) November 14, 2022

Global health architecture, digital transformations and sustainable energy transitions are the theme of this years meet.

Leaders from the world's largest economies are meeting at the G20 in Bali to find solutions to our shared challenges. Over the coming days, I'll be holding meetings with leaders from Indonesia, China, France, India, the UK, and others. pic.twitter.com/uQQrmkFC1S
— Anthony Albanese (@AlboMP) November 14, 2022

We’ve arrived in Indonesia for the @G20org Summit, and I started off by announcing new support for Ukraine. We’re providing them with $500 million in military assistance to make sure they have the equipment – and the fuel and medical supplies – that they need.
— Justin Trudeau (@JustinTrudeau) November 14, 2022

Putin missing from G20

However, undeniably, this summit comes at a time of great geopolitical tension and conflict.

Notably, Russia’s Vladimir Putin will not be attending. Instead, Foreign Minister Sergei Lavrov will take his position.

Reports have been circulating that Lavrov was taken to hospital upon arrival to Bali. However, these are claims the Russian firmly denies.

Lavrov has instead scolded ‘Western journalists’ for what he describes as false reporting.

The historic meeting will be an opportunity for leaders to come face-to-face in a bid to stabilise and reach consensus on a range of fronts.

There’s doubt the Ukraine war will be prominent on everyones mind.

Front and centre, is President Biden’s meeting with China’s Xi Jinping as the two leaders attempt to cooperate and improve relations.

The EV transformation expands to legacy vehicles

Published

5 hours ago

April 29, 2024

ticker NEWS

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

Published

5 hours ago

April 29, 2024

ticker NEWS

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?

Published

3 days ago

April 26, 2024

ticker NEWS

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