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ASEAN emerging as new global economic power?

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As global supply chains adapt to the pandemic and heightened US-China tensions, attention shifts to ASEAN’s emerging economies.

Could Vietnam and Indonesia lead ASEAN into becoming a third economic powerhouse alongside China and India? Professor Tim Harcourt of UTS and The Airport Economist on Ticker weighs in.

While debates on ‘deglobalisation’ persist, the question arises: is production truly shifting or merely realigning? Geopolitical uncertainties prompt businesses to diversify their supply chains away from China, a move influenced by both politics and economics. Taiwan, Vietnam, and Indonesia emerge as preferred destinations due to their strategic advantages and growing economies.

Australia’s recent Australian ASEAN Summit highlights the potential gains from closer ASEAN ties, given its vast population of over 640 million. What collaborative opportunities lie ahead?

Professor Harcourt’s upcoming Airport Economist ASEAN series on Ticker promises deeper insights into ASEAN’s economic landscape, revealing its potential as a significant global player.

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President Biden and President-elect Trump hold key meeting

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President-elect Donald Trump has chosen Pete Hegseth as his pick for Secretary of Defense.

The combat veteran has two bronze stars having served in Iraq and Afghanistan.

He is a graduate of Princeton University and Harvard University.

In addition providing support to veterans he has held a recent role as a political commentator.

The Defense Department is the largest and oldest U.S. government agency, with a budget of about $850 billion.

Ricoh Danielson a U.S. Army Vet and National Security advisor joins Veronica Dudo to discuss.

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John Thune elected new Senate GOP Leader

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In a closed-door vote, Senator Thune takes on a pivotal leadership role as Senate Republicans look to the future.

In a significant shift within Senate Republican leadership, Senator John Thune of South Dakota has been elected as the new Senate GOP leader, taking over from long-time leader Senator Mitch McConnell.

The decision came after a secret ballot vote among GOP members, marking the end of McConnell’s influential tenure.

Thune, who has served as Senate Minority Whip, is widely recognized for his strategic acumen and steady approach to party leadership.

His appointment signals both continuity and potential change as Senate Republicans prepare to navigate a challenging legislative environment and upcoming elections.

With McConnell stepping back, questions arise about how Thune’s leadership will shape GOP strategies on key issues, from fiscal policy to judicial appointments.

Analysts note that his leadership style is expected to maintain unity while possibly adopting fresh tactics to strengthen the party’s legislative influence.

As Thune steps into this prominent role, Republicans and observers alike will watch how his leadership influences the Senate’s dynamics and the broader political landscape.

The transition reflects a pivotal moment for the GOP as it positions itself for future electoral and legislative battles.

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News sites testing AI for article summaries

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The Wall Street Journal is experimenting with AI to summarise its articles.

 

Readers will see a “Key Points” box at the top of select stories, featuring AI-generated summaries that are checked by editors. This new feature is being tested to assess reader engagement, offering bullet points that highlight key information.

The box includes a note explaining the use of AI, as WSJ explores new ways to add value for subscribers. Other news outlets, like USA Today, are also testing similar AI tools, though some caution readers to consult full articles due to potential AI errors.

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