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Are business leaders doing more on U.S.-China relations than politicians?

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U.S. Secretary of State Antony Blinken was the highest ranking U.S. official to visit China in five years. But U.S. business leaders have been making the trip for years.

Blinken’s trip was meant to ease tensions between the two countries but it did not appear to be too successful as top Chinese diplomat Wang Yi seemingly blamed Washington for the tensions.

Microsoft founder Bill Gates appeared to have more success recently when he met with Chinese President Xi Jinping, where he was greeted as “an old friend”.

Other business leaders such as Tesla’s Elon Musk, Apple’s Tim Cook and Jamie Dimon of JP Morgan have all visited China this year.

While they held meetings with senior Chinese officials, they did not meet Xi, instead choosing to focus on making deals in the country.

Geopolitical tensions have been running high in recent years on issues related to technology.

China has long blocked U.S. tech companies from operating within its borders. But more recently, the U.S. has begun exploring similar options with Chinese companies such as Huawei and even social media platform TikTok.

But these bans are reaching into even more critical technologies such as semiconductors and other 5G technologies.

Semiconductors are in fact a main touchpoint of the tensions with Taiwan, which is one of the world’s largest producers.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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