Money

China suspends economic accord with Australia

Published

3 years ago

May 6, 2021

China has indefinitely suspended all activities falling under the “Australia and China strategic economic dialogue”.

Australia’s strained relationship with China has gone from bad to worse… with Beijing cutting all diplomatic contact with Canberra under the China-Australia Strategic Economic Dialogue.

It’s set to make repairing diplomatic relations between the two countries even more difficult

The National Development and Reform Commission released a statement.. saying some Australian Government officials had launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia … describing it as a Cold War mindset.

Relations between the two countries deteriorated last year when Australia called for an international inquiry into the origins of the COVID-19 pandemic

Tensions escalated further when the Federal Government cancelled two deals struck by the state of Victoria with China as part of the Belt and Road Initiative.

Australia’s Trade Minister says he is disappointed that China has suspended the Strategic Economic Dialogue.

Dan Tehan says Australia remains open to holding the dialogue and engaging at the ministerial level.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

2 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending