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Country with the world’s richest nickel reserves high on Musk’s radar

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Indonesia’s President Joko Widodo visited Washington as his U.S. counterpart Joe Biden visits Asia to court the region against growing Chinese influence

But it was the President’s visit to Texas that has the world talking.

Widodo met with Tesla and Space X founder Elon Musk at the private space agency’s headquarters

Musk is hinting at major Tesla and Space X partnerships in Indonesia, which has the world’s richest nickel reserves.

Musk declared he was “very interested” in the future of Indonesia, a country of 270 million people.

The world’s richest man also said Indonesia has “positive energy” and says future collaboration will be on many fronts.

But environmental groups aren’t happy, they say nickel mining has caused environmental and health hazards in Indonesia

Along with Australia, Indonesia has the world’s largest nickel reserves.

Despite concerns, Indonesia is seeking to cash in on the global transition to electric vehicles by luring foreign investment from the likes of Musk.

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Why the meme-stock frenzy is unlikely to repeat

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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

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Why are airlines after the Biden Administration?

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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

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The mounting pressure on Government spends

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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

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