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Saudi Arabia signs Huawei deal during historic visit by President Xi

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Saudi Arabia and China are deepening their ties during President Xi Jinping’s visit to the Kingdom

Chinese President Xi Jinping received a lavish welcome as he forged a fresh partnership with King Salman of Saudi Arabia.

The pair signed a memorandum of understanding with Huawei Technologies, which covers cloud computing, and the possibility for high-tech infrastructure in Saudi Arabia.

The U.S. has raised concerns over security risks linked to the Chinese company’s technology.

Xi said Beijing sees Riyadh as “an important force in the multipolar world”.

He explained China and the Arabian region will “continue to hold high the banner of non-interference in internal affairs”.

President Xi’s vehicle was escorted to the king’s palace by members of the Saudi Royal Guard.

They were carrying Chinese and Saudi flags, before the two leaders sat down for a banquet.

U.S. National Security spokesperson, John Kirby said it is “not a surprise” that President Xi is travelling abroad, after his recent visit to Indonesia for the G20 Summit.

“We are mindful of the influence that China is trying to grow around the world. The Middle East is certainly one of those regions where they want to deepen their level of influence,” he said.

The two nations also signed 34 historic deals in relation to green energy, information technology, transport, and construction.

It is understood the agreements amount to $30 billion.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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News

Will Tesla’s supercharger layoffs eventually payoff?

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Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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