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Canada’s proposed foreign investment ban

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Canada has proposed a new law that would ban foreigners from buying homes within the country

Canada is on track to ban most foreigners from buying a house for two years and provide billions of dollars to spur construction activity in an attempt to cool off what reports claim as a “surging real-estate market.”

Under proposals by the nation’s prime minister Justin Trudeau, the ban would be imposed to stop foreigners from buying a residential property over the next 2 years.

The plans are in response to the ongoing affordability crisis of homes, with the cost of a new home rising by as much as 20 percent in the past few months, and over 50 percent over the last two years.

Buyers are reportedly buying now as interest rates are set to rise now that the world is moving past COVID.

According to government sources, the foreign-buyer ban won’t apply to students, foreign workers or foreign citizens who are permanent residents of Canada.

The Prime Minister remains committed to tackle housing affordability within Canada, addressing the issue with “priority.”

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Russia test-launches nuclear-powered Burevestnik cruise missile

Russia successfully tests nuclear-powered Burevestnik missile, with Putin declaring it ready for deployment amid rising tensions over Ukraine

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Russia successfully tests nuclear-powered Burevestnik missile, with Putin declaring it ready for deployment amid rising tensions over Ukraine

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In Short:
– Russia tested the Burevestnik cruise missile, claiming it is ready for deployment after a successful 14,000-kilometre flight.
– Concerns about the missile’s safety persist due to previous failed tests and a fatal incident during development.
Russia tested its nuclear-powered Burevestnik cruise missile, claiming it is ready for deployment.

President Vladimir Putin announced the successful test, which demonstrated a flight of 14,000 kilometers over 15 hours. The announcement comes amid heightened nuclear rhetoric related to tensions over Ukraine.Banner

Putin described the missile, also known as “Storm Petrel” or “Skyfall,” as “invincible,” claiming its design allows it to evade current and future missile defense systems.

Western analysts have raised doubts regarding its effectiveness and safety, citing a high failure rate in testing, with only two successful tests out of 13 since 2016.

Concerns Raised

The Burevestnik’s development has faced significant setbacks, including a 2019 explosion during testing that resulted in fatalities and radiation release. The incident raised concerns about the safety of nuclear propulsion systems.

The missile’s development aligns with Russia’s strategic interests following the U.S. withdrawal from the Anti-Ballistic Missile Treaty in 2001. Its introduction coincides with intensified nuclear rhetoric from Russia as the conflict in Ukraine persists into its fourth year.

Russia’s nuclear posturing includes recent drills showcasing intercontinental ballistic missiles, coinciding with geopolitical tensions as Russia employs such threats to influence Western support in Ukraine.


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Trump meets Xi and Albanese at ASEAN Summit

Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.

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Trump’s ASEAN talks with Xi and Albanese may reshape Indo-Pacific trade, defense, and critical minerals strategies.


President Trump’s talks with Xi Jinping and Anthony Albanese at the ASEAN Summit could redefine trade, defence, and critical minerals strategy across the Indo-Pacific.

Professor Tim Harcourt from UTS joins to unpack the global and regional implications.

#ASEAN #Trump #XiJinping #AnthonyAlbanese #Trade #Defence #AUKUS #CriticalMinerals #USChina #IndoPacific


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Bitcoin tops $110K as South Korea reforms crypto rules

Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.

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Bitcoin surpasses $110,000 as South Korea reforms boost crypto and Coinbase expands into tokenised securities, reshaping inflation debates.


Bitcoin has surged past $110,000 amid South Korea’s sweeping digital asset reforms and Coinbase’s expansion into tokenised securities.

Peter Chung from Presto Research joins to unpack what’s driving crypto’s comeback and how it’s reshaping the inflation hedge debate.

#Bitcoin #Crypto #DigitalAssets #Coinbase #SouthKorea #Blockchain #InflationHedge #Tokenisation


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