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Australia and China set to hold historic meet

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Australia’s Prime Minister Anthony Albanese will meet with Chinese President Xi Jinping in Bali

Australia and China are set to hold an historic meeting in Indonesia amid strained relations for the two nations.

The meeting is a big step forward in relations. There are hopes it will help wind back Beijing’s trade bans on Australian ­exports.

Albanese says he will go into the meeting with “goodwill”. This follows China’s Premier noting his country is “ready to meet Australia half way”.

Credit: The Guardian

If it goes ahead, it will be the first formal talks between an Australian leader Xi since 2016.

At the start of the Covid pandemic, former Prime minister Scott Morrison called for a UN inquiry into the origins of the virus, further souring relations.

The confirmation of the upcoming meeting follows months of delicate behind-the-scenes negotiations by ­Australian and Chinese officials.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Investors assess geopolitical risks amidst tensions

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Amidst a backdrop of geopolitical easing, investors are reassessing their risk strategies to navigate a more tranquil global landscape.

This shift coincides with markets recalibrating expectations around potential rate cuts, resulting in a downturn in stocks.

In the tech sector, all eyes are on US earnings reports this week, particularly those of industry giants whose performance often sets the tone for market sentiment.

Additionally, anticipation mounts ahead of the release of Australian CPI data, scheduled for Wednesday, which promises insights into economic health and potential monetary policy implications.

These developments underscore the need for investors to remain vigilant and adaptable in response to evolving geopolitical and economic dynamics.

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Building the financial foundations for every decade

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Navigating financial milestones: strategies for success in your 20s, 30s, and beyond

Your 20s mark the beginning of your financial journey, and building sustainable cash flow habits is paramount. Start by tackling high-interest debts like credit cards and Afterpay systematically. Allocate at least 10% of your income to savings and automate it into high-interest investments. Be intentional with your budget, understanding how each expense serves you.

As you transition into your 30s, family and homeownership become significant commitments. Approach these decisions thoughtfully, considering affordability and lifestyle implications. Develop a strategy to pay off your home loan swiftly, regularly reviewing your interest rate and payment options.

In your 40s, focus shifts to superannuation, maximising concessional contributions for tax efficiency. Ensure your investments are managed by reputable professionals with the right asset allocation. Invest in properties with strong cash flow and growth potential to secure your financial future.

Each stage of life presents unique financial opportunities and challenges.

By following these guidelines, you can lay a solid foundation for wealth creation and security throughout your lifetime.

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U.S. House passes $95 billion Ukraine, Israel aid package

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The U.S. House of Representatives on Saturday with broad bipartisan support passed a $95 billion legislative package providing security assistance to Ukraine, Israel and Taiwan, over bitter objections from Republican hardliners.

The legislation now proceeds to the Democratic-majority Senate, which passed a similar measure more than two months ago.
U.S. leaders from Democratic President Joe Biden to top Senate Republican Mitch McConnell had been urging embattled Republican House Speaker Mike Johnson to bring it up for a vote.
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The Senate is set to begin considering the House-passed bill on Tuesday, with some preliminary votes that afternoon. Final passage was expected sometime next week, which would clear the way for Biden to sign it into law.

The bills provide $60.84 billion to address the conflict in Ukraine, including $23 billion to replenish U.S. weapons, stocks and facilities; $26 billion for Israel, including $9.1 billion for humanitarian needs, and $8.12 billion for the Indo-Pacific, including Taiwan.

Ukrainian President Volodymyr Zelenskiy expressed his thanks, saying U.S. lawmakers moved to keep “history on the right track.”

“The vital U.S. aid bill passed today by the House will keep the war from expanding, save thousands and thousands of lives, and help both of our nations to become stronger,” Zelenskiy said on X.

It was unclear how quickly the new military funding for Ukraine will be depleted, likely causing calls for further action by Congress.

Biden, who had urged Congress since last year to approve the additional aid to Ukraine, said in a statement: “It comes at a moment of grave urgency, with Israel facing unprecedented attacks from Iran and Ukraine under continued bombardment from Russia.”

The vote on passage of the Ukraine funding was 311-112. Significantly, 112 Republicans opposed the legislation, with only 101 in support.

“Mike Johnson is a lame duck … he’s done,” far-right Republican Representative Marjorie Taylor Greene told reporters afterward.

She has been a leading opponent of helping Ukraine in its war against Russia and has taken steps that threaten to remove Johnson from office over this issue. Greene stopped short of doing so on Saturday, however.

During the vote, several lawmakers waved small Ukrainian flags as it became clear that element of the package was headed to passage. Johnson warned lawmakers that was a “violation of decorum.”

Meanwhile, the House’s actions during a rare Saturday session put on display some cracks in what generally is solid support for Israel within Congress. Recent months have seen progressive Democrats express anger with Israel’s government and its conduct of the war in Gaza.

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