Connect with us

Global Politics

Australia and NZ “grave concerns” over China’s human rights abuses

Published

on

China’s leaders have made it clear that they do not want interference when it comes to international concerns over alleged human rights abuses in the Xinjiang province.

It follows Australia’s Prime Minister Scott Morrison and New Zealand PM Jacinda Ardern, meeting this week to discuss ways to move forward with China.

Australia’s Prime Minister Scott Morrison and New Zealand PM Jacinda Ardern.

The two leaders also flagged tensions within the South China Sea, where China has continued to assert dominance and push for control.

The Prime Ministers expressed deep concern 

Ardern and Morrison say they have “serious concern over developments in the area” including militarisation of disputed features, and destabilising activities at sea.

Ardern said that her country and Australia are positioned in exactly the same place.

NEW ZEALAND PM JACINDA ARDERN

In a joint statement from the nations leaders, The Prime Ministers expressed deep concern over developments that limit the rights and freedoms of the people of Hong Kong and “undermine the high degree of autonomy China guaranteed Hong Kong until 2047 under the Sino-British Joint Declaration.”

“The Prime Ministers also expressed grave concerns about the human rights situation in the Xinjiang Uyghur Autonomous Region and called upon China to respect the human rights of the Uyghur people and other Muslim minorities and to grant the United Nations and other independent observers meaningful and unfettered access to the region.”

The the prime ministers said in a joint statement.

However, Beijing’s Foreign Ministry spokesperson says his country is staunchly opposed to any international interference, saying China has a very different definition of human rights from the west.

Global Politics

UK, Australia strike new free trade agreement

Published

on

Australia and the United Kingdom have agreed to a new trade deal, a first major deal post-Brexit.

The Australian Prime Minister had a working dinner with British Prime Minister Boris Johnson at Downing Street last night, with a formal announcement expected on Tuesday.

According to the BBC, the meal served up to the pair on Monday evening included Welsh lamb and Scottish smoked salmon, and was washed down with Australian wine.

It is the first trade deal to be negotiated from scratch since the UK left the EU.

The new deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

However, the leaders were initially stuck on several issues, including a plan by the British to add tariffs to Australian farming imports for the next ten years.

Behind the scenes, bureaucrats have been working frantically to reach a deal, and now both leaders are believed to have made concessions.

The new trade deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

According to the National Farmers Union (NFU), Australian farmers are able to produce beef at a lower cost of production, and could undercut farmers in the UK.

Australia’s top 10 export markets

Australia still leads the world when it comes to exporting ironcoal and petroleum gases.

Australia’s biggest export products by value in 2020 were iron, coal, petroleum gases, gold and aluminium. In aggregate, those major exports account for 63.1% of overall exports sales from Australia.

The following export product groups categorize the highest dollar value in Australian global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Australia.

  1. Ores, slag, ash: US$91.3 billion (35.9% of total exports)
  2. Mineral fuels including oil: $65.4 billion (25.7%)
  3. Gems, precious metals: $19.6 billion (7.7%)
  4. Meat: $10.4 billion (4.1%)
  5. Inorganic chemicals: $5.2 billion (2%)
  6. Machinery including computers: $4.4 billion (1.7%)
  7. Cereals: $3.8 billion (1.5%)
  8. Pharmaceuticals: $3.4 billion (1.4%)
  9. Electrical machinery, equipment: $3.1 billion (1.2%)
  10. Aluminum: $3.1 billion (1.2%)

Continue Reading

Business

Wall street soars, investors countdown key Fed meeting.

Published

on

Investors appear to be buying what the Federal Reserve is selling at the minute, that is they’re shrugging off those pesky inflation concerns.

The Nasdaq and S&P 500 hit fresh record-highs ahead of the Fed meeting this week.

VFS Group’s James Whelan says there’s one key question in all of this.

“Will the Fed care about the market reaction? That’s the playbook for the next six months. Inflation, Fed response, market response to the Fed, and then will the market actually care? We’ve had four years of the Fed caring about everything the market did.”

JAMES WHELAN, VFS GROUP

The four years Whelan’s referring to are the Donald Trump years, where the former President often boasted of how strongly Wall Street performed.

But not everyone trusts the central bank right now, billionaire hedge funder Paul Tudor Jones is cynical.

“He (Tudor) called the stock market crash in ’87. History is on his side for calling big things. He’s saying if he doesn’t see any sort of commentary from the Fed this week, he’s going all-in on every inflationary hedge there is”

DANIEL WEINER, MARKET STRATEGIST

Federal Reserve Chairman Jerome Powell. | Jacquelyn Martin/AP Photo

Expectations remain that the central bank will hold tight, and keep pace with their bond purchases.

James King of AFEX says the amount of stimulus that’s entered the market over the last 18 months is extraordinary.

“The last 18 months or so there’s been a meteoric rise in the Fed’s balance sheet. From four trillion dollars to almost eight trillion dollars in an 18 month period”

Federal Reserve Bank

The next update is due Wednesday US time, and all investors will be watching.

Continue Reading

Global Politics

Australian future unclear for detained family of asylum seekers

Published

on

A family of Tamil asylum seekers detained on Christmas Island since 2019 will be reunited in Australia.

The Murugappan family have been separated as youngest daughter Tharnicaa undergoes treatment in a Perth hospital, but their long-term future in Australia remains unclear.

“Today’s decision releases the family from held detention and facilitates ongoing treatment, while they pursue ongoing litigation before the Administrative Appeals Tribunal, Federal Court and High Court.”

Immigration Minister Alex Hawke said in a statement.

“Importantly, today’s decision does not create a pathway to a visa.”

WA Health had requested they be reunited while she receives treatment.

Treasurer Josh Frydenberg confirmed the move but it remains unknown if they will be granted new visas.

The family were removed from their home in Biloela in 2018 when their visas expired.

The family has been separated for more than a week after Tharnicaa and her mother were flown from Christmas Island to Perth.

Three-year-old Tharnicaa is believed to have developed a blood infection while in detention on Christmas Island.

“This is not ok, it needs to end”

Last week Australian Greens Senator Sarah Hanson-Young told Ticker News “This is just not ok and it needs to end”

Continue Reading

Trending on Ticker

Copyright © 2021 Ticker Media Group Pty Ltd