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Biden and Xi speak of peace as the G20 Summit begins

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Biden and Xi

Biden and Xi meet in Bali as the G20 Summit commences

It’s finally happened. The leaders of two of the world’s biggest superpowers, Joe Biden and Xi Jinping, have met face-to-face in Bali.

This is the first time the pair have met in person since Biden took office, and it was a warm start to proceedings.

Following handshakes and smiles for the cameras, Biden said both countries should manage their differences and prevent competition from ever becoming conflict.

President Xi was seemingly very much of the same mindset, speaking about wanting to elevate the diplomatic relationship.

Xi also talked about the importance of meeting face-to-face. This is noteworthy considering he’s barely left China since the pandemic started.

Of course, there was plenty for them to discuss some controversial topics such as Taiwan, and the increasing tension between Washington and Beijing.

Russian diplomat arrives in Bali

Meanwhile, Russian Foreign Minister Sergey Lavrov is also in Bali.

There were reports that he’d been hospitalised but these were quickly dismissed by the Foreign Ministry, which called them fake.

Lavrov is in Bali in place of Vladimir Putin, who declined his invitation to attend the summit.

Despite Putin’s absence, there’ll be plenty of talk about the conflict between Russia and Ukraine in the coming days.

One man who has been very strong on Putin and Russia is the new British Prime Minister, Rishi Sunak.

This is the first real major global event for him since he took over from Liz Truss just a couple of weeks ago.

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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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