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Biden backs Philippines in South China Sea

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Amid escalating tensions following recent vessel collisions in the South China Sea, President Joe Biden asserted the United States’ unwavering commitment to defend the Philippines against potential attacks within the disputed territory.

This development marks a significant reaffirmation of military support in the region, intensifying the geopolitical atmosphere.

The declaration comes in the wake of two separate incidents involving Filipino and Chinese vessels, highlighting the precarious security situation in the contested maritime space. In response to these confrontations, Biden emphasized the “ironclad” nature of the US defense commitment under the Mutual Defense Treaty established in 1951, obligating both nations to mutual support in the event of an armed attack.

The Filipino government has actively challenged China’s maritime claims, evidenced by its recent removal of floating barriers and orchestrated media coverage spotlighting Beijing’s aggressive naval maneuvers. These actions underscore the growing assertiveness of Manila’s stance on China’s activities in the region.

Strategic ally

Biden’s proclamation, characterized as his most definitive stance since the renewed tensions, underscores the strategic importance of the Philippines in maintaining regional stability. The Southeast Asian nation’s geographical position is particularly significant, bordering vital flashpoints in the Pacific, including the South China Sea and Taiwan.

Chinese foreign ministry spokesperson Mao Ning quickly countered Biden’s assertions, stating the US holds no authority in disputes between China and the Philippines. Moreover, she stressed that any American intervention should not infringe upon China’s sovereignty and maritime interests.

The heightened tensions were ignited by recent naval incidents, including the collision of a Chinese coast guard ship with a Filipino supply boat within the Philippines’ Exclusive Economic Zone (EEZ). Another confrontation involved a Chinese militia boat and a Philippine coast guard vessel. These skirmishes have amplified security concerns, with Philippine Defense Minister Gilberto Teodoro Jr. accusing China of intentional collisions and narrative manipulation.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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