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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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Prayer app Hallow takes #1 spot on Apple App Store

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A new Catholic prayer app recently beat out major social media apps in global downloads.

The company says, Hallow passed 10-million downloads and 225-million prayers prayed around the globe, becoming the largest prayer app in the world.

Hallow has also become the first faith-based app to ever crack the top 10 apps in the App Store coming in at #3 overall–and beating Netflix, Spotify, Instagram, Amazon, Tiktok, and YouTube.

The Cofounder and CTO of Hallow Erich Kerekes joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #apps #prayerapp #socialmedia #Applestore #business

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Google’s take on AI search to shake market direction

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Search Generative Experience (SGE), is the latest innovation from Google Labs

This cutting-edge feature, recently announced by Google, is set to transform search results for a select subset of queries and a small portion of U.S. search traffic.

With SGE, instead of the traditional top-10 results, users may encounter AI-generated responses prominently displayed at the top of the page.

This shift has significant implications, as it pushes both ads and organic results further down the page. Stay tuned for updates on this groundbreaking development in search technology.

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The battery set to change Electric Vehicles and Tesla’s market share

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The world’s biggest battery maker announced this week they’re working with Tesla to making cheaper batteries.

Recent developments in the electric vehicle (EV) market raise essential questions about its trajectory.

Cost cuts by the world’s largest battery maker could impact EV prices, potentially boosting their competitiveness. Meanwhile, advancements in mileage, power, and charging times are driving increased adoption.

However, considerations about downsides like battery disposal and resource extraction are pertinent. Nonetheless, the broader implications for climate change efforts and the automotive industry underscore the transformative potential of EVs in creating a more sustainable future.

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