News

Yellen’s China trip yields long meetings, but does not reach consensus

Published

10 months ago

July 11, 2023

ticker NEWS

U.S. Treasury Secretary Janet Yellen has concluded her four-day visit to Beijing, describing her meetings with senior Chinese officials as “direct” and “productive”

Despite the existing disagreements between the United States and China on various issues such as national security concerns, export bans, and industrial policies, Yellen expressed confidence that her trip has helped stabilise the often turbulent relationship between the two superpowers.

The visit comes as the United States seeks to mend ties with China, considering the strained bilateral relations over recent years.

“The U.S. and China have significant disagreements,” Yellen told a press conference at the U.S. embassy in Beijing, citing Washington’s concerns about what she called “unfair economic practices” and recent punitive actions against U.S. firms.

“But President (Joe) Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.”

The Biden administration hopes to arrange a meeting between President Joe Biden and Chinese President Xi Jinping, possibly at the upcoming Group of 20 summit in New Delhi or the Asia-Pacific Economic Cooperation gathering in San Francisco scheduled for November.

Yellen’s primary objective during her visit was to establish stronger ties with China’s new economic team, minimise the risk of misunderstandings, and facilitate cooperation in areas such as climate change and debt distress.

While the trip did not yield specific policy breakthroughs, a senior Treasury official described it as “very successful” in terms of re-establishing contact and building relationships.

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

17 hours ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

21 hours ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

News

U.S. home prices surge 47%

Published

1 day ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending