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Summit of unity, as the U.S., Japan and South Korea join forces

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In a strategic move aimed at countering China’s growing influence, the leaders of Japan, South Korea, and the United States are convening this week at the Camp David presidential retreat in Maryland.

This historic summit marks a significant step towards quelling the longstanding animosity between Japan and South Korea, which Beijing has historically exploited as part of its divide and conquer strategy.

The leaders aim to project unity and announce a series of defense, economic, and diplomatic agreements designed to challenge China’s geopolitical dominance.

US President Joe Biden, Japanese Prime Minister Fumio Kishida, and South Korean President Yoon Suk-yeol will gather on Friday for talks aimed at strengthening ties and presenting a unified front.

The leaders are expected to unveil defense cooperation, economic collaboration, and diplomatic initiatives geared towards pushing back against China’s expanding presence in the region.

Christopher Johnstone, a senior fellow at the Centre for Strategic and International Studies (CSIS) and former CIA analyst, remarked, “China, they will certainly not say anything positive and will be very critical of the trilateral statement.

They have always seen the difficulties between South Korea and Japan as a freebie for them, one where they wouldn’t have to work very hard to split the allies. Now that that has been repaired, the Chinese see very little advantage.”

Potential outcomes

While this isn’t the first time the three leaders have met, it is the first standalone summit of its kind, underscoring the gravity of the occasion.

Potential outcomes of the summit, colloquially referred to as “deliverables,” include a collective security agreement, joint military exercises, enhanced communication channels, frequent military dialogues, deeper cooperation in supply chains and emerging technologies, increased people-to-people exchanges, and a commitment to holding trilateral summits on an annual basis.

US Secretary of State Antony Blinken emphasized the importance of the trilateral cooperation, stating, “Strengthening our trilateral cooperation is critical to delivering for our people, for the region and for the world,” after meetings with his Japanese and South Korean counterparts.

China, not taking this development lightly, recently engaged in a three-way meeting with North Korea and Russia’s defense ministers.

It also attempted to foster closer ties with South Korea and Japan, signaling its desire to disrupt the unity of the trilateral group. However, analysts suggest that these efforts might fall short due to the significance of the strengthened alliance.

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Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

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Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


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Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


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EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


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