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Emmanuel Macron defends Taiwan comments

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Macron says France should not get caught up in an escalation between the U.S. and China, following the leader’s three-day trip to the Asian nation

French President Emmanuel Macron has defended his comments about Taiwan.

Macron says France should not get caught up in an escalation between the U.S. and China.

He made the comments in an interview over the weekend following his three-day state visit to Beijing.

He added that being a U.S. ally did not mean being a “vassal”.

Macron has copped criticism from politicians and other public figures.

Former U.S. President Donald Trump has accused Macron of cozying up to China as Paris supports the One China Policy.

“Being an ally does not mean being a vassal. Doesn’t mean that we don’t have the right to think for ourselves,” Mr Macron said at a press conference in the Netherlands during his two-day visit.

The French president also said that nothing had changed in France’s support for the “status quo” in Taiwan and that Paris “supports the One China policy and the search for a peaceful resolution to the situation”.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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