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Blinken’s Xi Jinping meeting fails to answer’s China’s questions

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U.S. Secretary of State, Antony Blinken, seeks to keep communication open between the two world powers

U.S. Secretary of State, Antony Blinken, has just concluded a high-stakes visit to China where he met with the country’s President, Xi Jinping.

The meeting took place against a backdrop of heightened tensions between the world’s two largest economies over concerns of spying, national security and military escalations over the state of Taiwan.

However, the two parties left the meeting agreeing that the world depends on a generally stable U.S.-China relationship.

Xi said that the two countries must get along to secure the future and destiny of humanity.

CNBC’s Paulina Likos said it was a positive step for the two countries.

“It shows both countries are showing their commitment to resolve their disagreements, both are looking for ways to cooperate with one another,” she said.

“This visit also shows a peaceful meeting between two global powers when there is so much tension geo-politically.”

The trip was originally meant to take place in January this year but was postponed due to concerns over the Chinese spy balloon that was shot down over the U.S. in the weeks prior.

Blinken now becomes the highest-level American official to visit China in five years.

The Biden official spoke directly to the issue of Taiwan during the trip, which has been an issue central to the rising military tensions between the two powers and in the Asia Pacific region more broadly.

“On Taiwan, I reiterated the long-standing China policy, that policy has not changed,” Blinken said during the visit.

“[The U.S. does] not support Taiwan independence, we remain opposed to any unilateral changes to the status quo by either side. We continue to expect the peaceful resolution of cross-strait differences.”

The U.S. hopes the Blinken trip will open the door to a meeting in November between President Joe Biden and Xi Jinping.

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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

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Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.


The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill


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Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


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