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What do Biden and Trump have in common?

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When it comes to President Joe Biden and former President Donald Trump it’s fair to say there aren’t too many similarities, but there is one.

Biden has expanded the call to continue a ban on new US investments across certain Chinese companies.

The US president signed an order on Thursday US time, naming 59 firms with ties to China’s military or surveillance industry.

The 59 companies include Huawei Technologies and the country’s three largest telecommunications brands.

Wall Street and Capitol Hill are both watching closely.

The ban is already impacting global markets and investors, both Democrats and Republicans have called for a strong stance against China, ranging from issues on trade and human rights.

Interestingly, Biden’s move comes shortly after China’s President Xi Jinping made a call to Chinese officials to create a “trustworthy, loveable and respectable” image for the country.

The President said the country must “make friends extensively, unite the majority and continuously expand its circle of friends with those who understand and are friendly to China.”

Experts suggest the leader is rethinking his global communication strategy.

The amendment to Trump’s original order comes after two Chinese companies successfully challenged it in U.S. court.

Biden’s team made the revisions to ensure they remain in a legally sound position.

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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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