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China conducts ‘punishment’ war games near Taiwan

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China initiated military ‘punishment’ exercises in the waters surrounding Taiwan in response to the newly inaugurated President Lai Ching-te.

These drills come amid escalating tensions in the region, with Beijing asserting its sovereignty over Taiwan, denouncing the inauguration of President Lai Ching-te and labelling this one of several “separatist acts”, as reported by Reuters.

These military manoeuvres are seen as a show of force and a warning to Taiwan and its supporters against any moves perceived as challenging China’s territorial claims.

President Lai has repeatedly offered talks with China but has been rebuffed.

He says only Taiwan’s people can decide their future, and rejects Beijing’s sovereignty claims.

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U.S. Congress races to pass spending bills before recess

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With the deadline swiftly approaching—can U.S. Congress pass its 2024 spending bills before the August recess?

Congress is racing to pass its 2024 spending bills before the August recess, aiming to avoid a government shutdown and to position itself strongly for the fall’s budget negotiations.

Key among these is the Financial Services bill, which proposes significant cuts to the IRS and FTC budgets.

This effort comes amidst heightened concerns about inflation and economic policy.

Brandon Arnold, the Executive Vice President at The National Taxpayers Union (NTU) joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #politics #economy #Congress #spendingbills #inflation

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Leaders

Julian Assange to be sent home after admitting to U.S. espionage charge

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Julian Assange, the founder of WikiLeaks, has reportedly pleaded guilty to a charge of espionage in the United States.

This unexpected development comes after years of legal battles and extradition attempts from various countries, centred around WikiLeaks’ publication of classified documents.

Wikileaks said in a statement posted on social media platform X.

“This is the result of a global campaign that spanned grass-roots organisers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations,” the statement said. #featured #trending

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Money

Microsoft reclaims the market throne after Nvidia shares fall 16%

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Nvidia briefly soared to become the world’s largest company, but its stock has since plunged 16% amid market volatility.

The big three tech giants, Microsoft, Apple and Nvidia have been engaged in a race for the top spot in market capitalisation.

Nvidia held the lead for a brief period but now its stock has since plunged 16%, with Microsoft once again becoming the most valuable company worldwide.

Jess Amir from MooMoo joins to discuss the latest. #featured #trending

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