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Beijing blasts “irresponsible” AUKUS alliance

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Just a day after the AUKUS alliance was announced, China has described the move as “extremely irresponsible” and “narrow-minded”

Under the deal, the US and the UK will team up with Australia to provide the nation with the technology and information required to build nuclear-powered submarines.

More importantly, it is also being viewed by many as a large-scale attempt to counter China’s growing influence and dominance throughout the world, and particularly in the South China Sea.

This has angered Beijing, with China’s foreign ministry spokesperson saying the alliance risks “severely damaging regional peace… and intensifying the arms race”.

The spokesperson described the pact as “the obsolete cold war mentality”, warning the three nations are “hurting their own interests”.

This comes as many Chinese state-owned media organisations published similar opinions, with the Global Times newspaper saying Australia has “turned itself into an adversary of China”.

The AUKUS alliance will see the US share its nuclear submarine technology for the first time in 50 years… after initially sharing it with Britain.

Nuclear-powered submarines are faster and harder to detect than conventionally powered boats.

Meanwhile, Australia’s PM has denied that the country has any plans to install nuclear weapons on the vessels.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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