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Australia investigates Chinese lease on nation’s ‘northern gateway’ for Australasian trade

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The Australian Government is reviewing the ownership of a port owned by a Chinese company.

It’s questioning whether the controversial lease of the Darwin Port should be scrapped.

A 99-year-lease contract that has unsettled Australia’s security officials, could be torn up… escalating further tensions with China.

The Australian Government is reviewing the ownership of a port owned by a Chinese company.

The port is in a calculated position, located in the top end of Australia in the city of Darwin.

It’s used as a base of US Marines.

The port has been leased by Landbridge for the past six years, but there are still security concerns about the $500 million arrangement.

The nation’s defence officials are now investigating whether the company should give up its ownership for the sake of national interests.

Australia’s Defence Minister Peter Dutton

It comes on the back of China accusing Australia of economic coercion.

China slammed Australia’s decision last month, to use new laws to cancel the Belt-and-Road agreements with the Victorian state government.

Now there is speculation that Prime Minister Scott Morrison may use the same laws, to scrap long-term leases held by Chinese companies at ports in Darwin and Newcastle.

TWO-WAY TRADING PARTNERS

China is Australia’s largest trading partner for goods and services

The lease of the Darwin Port is still valid for another 93 years.

So should land-bridge be forced to give up its ownership of the port… there is no doubt relations between the nations will shrivel even further.

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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