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Beijing denies it tested nuclear missile

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Beijing has denied that it tested a nuclear-capable hypersonic missile earlier this year

Military vehicles carrying DF-31A long-range missiles drive past the Tiananmen Gate during a military parade to mark the 70th anniversary of the end of World War Two, in Beijing, China, September 3, 2015. REUTERS/Jason Lee

This all comes as concerns grow about China’s weapons capabilities… with hypersonic missiles being much faster and accurate than other models.

The nation’s Foreign Ministry spokesperson says the test “was not a missile” and the test “is of great significance for reducing the cost of spacecraft use.”

The reports that China had tested a nuclear weapon first appeared in a Financial Times report and when asked whether this report was false, the spokesperson replied “yes”.

The Financial Times article quotes five unnamed sources who say China test-flew a hypersonic missile in summer, flying it through space before it cruised back down to earth.

Washington responded to this information, with U-S ambassador Robert Wood saying leaders were “very concerned” and Washington “had held back from pursuing military applications for this technology”.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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ASEAN emerging as new global economic power?

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As global supply chains adapt to the pandemic and heightened US-China tensions, attention shifts to ASEAN’s emerging economies.

Could Vietnam and Indonesia lead ASEAN into becoming a third economic powerhouse alongside China and India? Professor Tim Harcourt of UTS and The Airport Economist on Ticker weighs in.

While debates on ‘deglobalisation’ persist, the question arises: is production truly shifting or merely realigning? Geopolitical uncertainties prompt businesses to diversify their supply chains away from China, a move influenced by both politics and economics. Taiwan, Vietnam, and Indonesia emerge as preferred destinations due to their strategic advantages and growing economies.

Australia’s recent Australian ASEAN Summit highlights the potential gains from closer ASEAN ties, given its vast population of over 640 million. What collaborative opportunities lie ahead?

Professor Harcourt’s upcoming Airport Economist ASEAN series on Ticker promises deeper insights into ASEAN’s economic landscape, revealing its potential as a significant global player.

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Investors assess geopolitical risks amidst tensions

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Amidst a backdrop of geopolitical easing, investors are reassessing their risk strategies to navigate a more tranquil global landscape.

This shift coincides with markets recalibrating expectations around potential rate cuts, resulting in a downturn in stocks.

In the tech sector, all eyes are on US earnings reports this week, particularly those of industry giants whose performance often sets the tone for market sentiment.

Additionally, anticipation mounts ahead of the release of Australian CPI data, scheduled for Wednesday, which promises insights into economic health and potential monetary policy implications.

These developments underscore the need for investors to remain vigilant and adaptable in response to evolving geopolitical and economic dynamics.

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Building the financial foundations for every decade

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Navigating financial milestones: strategies for success in your 20s, 30s, and beyond

Your 20s mark the beginning of your financial journey, and building sustainable cash flow habits is paramount. Start by tackling high-interest debts like credit cards and Afterpay systematically. Allocate at least 10% of your income to savings and automate it into high-interest investments. Be intentional with your budget, understanding how each expense serves you.

As you transition into your 30s, family and homeownership become significant commitments. Approach these decisions thoughtfully, considering affordability and lifestyle implications. Develop a strategy to pay off your home loan swiftly, regularly reviewing your interest rate and payment options.

In your 40s, focus shifts to superannuation, maximising concessional contributions for tax efficiency. Ensure your investments are managed by reputable professionals with the right asset allocation. Invest in properties with strong cash flow and growth potential to secure your financial future.

Each stage of life presents unique financial opportunities and challenges.

By following these guidelines, you can lay a solid foundation for wealth creation and security throughout your lifetime.

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