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China targets Aussie LNG cargoes as trade tensions escalate

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China LNG Imports

China tells gas importers to stop buying supplies from Australia’s LNG as relations between the nations continue to crumble

It’s believed Beijing gave the two companies verbal orders to cut ties with Australia’s LNG.

In a relief for Australian suppliers, all of the larger state-owned importers are pushing ahead with purchases and haven’t received instructions to stop.

Over the past several months, China has instated numerous tariffs on a range of imports from Australia. This was initially sparked by Canberra’s probe into the origins of Covid-19.

China imports 40 percent of its gas supplies from Australia – with Australia last year shipping 13 billion dollars worth of LNG to the country.

Rising tensions between China and the West

This blow to LNG comes as tensions continue to build between Australia and China.

Recently, NASA took aim at China over an “irresponsible” rocket launch which landed in the Indian Ocean.

NASA says China failed to “meet responsible standards” during their rocket launch, and “nations must minimise risks to people and property on Earth” when it comes to the re-entry of space objects.

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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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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