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Fulton County district attorney likely to present case against Trump to grand jury next week

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Fulton County District Attorney Fani Willis is reportedly assembling witnesses to testify before a grand jury in the Atlanta area, as part of an investigation into former President Donald Trump and his associates’ efforts to overturn the 2020 election results in Georgia

This move is believed to be an attempt to construct a narrative surrounding alleged attempts to manipulate the election outcome.

Scheduled for the upcoming week, Willis is expected to present her case to the grand jury over a span of two days.

Her focus is said to be on pursuing multiple indictments, potentially centering her approach around a far-reaching racketeering case.

This strategy could portray Trump and his associates as operating within the framework of a criminal enterprise, all in their endeavour to subvert the democratic process in Georgia.

Should the district attorney proceed with racketeering charges, legal experts predict that a coherent story will be conveyed.

According to Clark D. Cunningham, a Georgia State law professor, Willis might emphasise how Trump, positioned at the helm, orchestrated a coordinated effort involving numerous individuals to achieve his objective of retaining power, using any means necessary.

The list of witnesses subpoenaed by Willis includes figures like former Republican Lt. Gov. Geoff Duncan, ex-Georgia Democratic state Sen. Jen Jordan, and independent journalist George Chidi.

These individuals had previously testified before a specialised grand jury tasked with investigating the Trump case. However, Georgia’s legal framework prevents these specialised grand juries from issuing indictments.

Instead, the regular grand jury, to which the witnesses have now been summoned, will determine whether to approve or dismiss indictments based on the testimony.

These witnesses are expected to shed light on various aspects of Willis’ investigation.

This includes examining presentations made by Trump’s associates, including Rudy Giuliani, to Georgia lawmakers in 2020, which allegedly contained conspiracy-laden content.

Willis is also probing incidents like the assembly of fake electors aimed at undermining President Joe Biden’s victory in the state.

She may draw on evidence collected earlier by the specialised grand jury, as well as inputs from internal investigators.

Given the significance of the case, Michael J. Moore, a former US attorney for the Middle District of Georgia, speculates that the indictment has likely been in preparation for months. Any remaining tasks, he suggests, would primarily involve final refinements and touches to the indictment. 

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Tech, trade & tariffs reshape global economic landscape

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The global economy is undergoing rapid change — with breakthroughs in technology, shifts in trade policy, and renewed inflationary pressures all colliding.

In the U.S., the autonomous vehicle sector is accelerating after Waymo received key regulatory approval to expand its driverless services. The move could give Alphabet a competitive edge over rivals like GM’s Cruise, with the prospect of robotaxis generating real revenue on the horizon.

At the same time, fresh tariff threats are sparking alarm in the retail sector. Walmart has warned that new duties could trigger double-digit price hikes, putting pressure on consumers and potentially reshaping spending patterns, especially in electronics and apparel.

Meanwhile, the UK and EU have struck new trade agreements aimed at reducing red tape around food and emissions. The deals mark a step toward improved cooperation and could provide a modest economic boost for exporters.

With uncertainty still hanging over global markets, investors are once again turning to precious metals. Gold and silver are gaining attention as safe havens, with silver’s industrial use giving it added appeal in an uncertain climate.

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Markets shift, Musk commits, and political tensions rise

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Elon Musk says he’ll stay on as Tesla CEO for at least five more years, while scaling back political donations. Despite falling sales, he’s confident in Tesla’s global strength and hinted at a future Starlink listing—though legal hurdles remain.

In politics, the Nationals have split from the Coalition, with some Liberals calling it a vital reset. Former PM John Howard wants unity, but a party review is underway to regain younger, urban voters.

Australia’s central bank cut rates to 3.85% as inflation eases, though weak spending and global risks remain. GDP rose 1.3%, showing signs of recovery.

And in Victoria, a $167 billion debt budget sparked outrage, with protests over job cuts and a controversial tax as net debt is set to hit $194 billion by 2027.

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Victoria faces record debt with public job cuts imminent

Victoria’s budget forecasts record debt, proposes public sector job cuts, and faces criticism over tax increases and lack of clarity.

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Victoria’s budget forecasts record debt, proposes public sector job cuts, and faces criticism over tax increases and lack of clarity.

In Short:
Victorian Treasurer Jaclyn Symes has unveiled her first budget, projecting a $600 million surplus despite rising net debt and plans for significant public sector job cuts to save $3.3 billion. Reactions are mixed, with opposition leaders criticising increased taxation and insufficient focus on climate change, while some welcome funding for health and crime prevention.

Victorian Treasurer Jaclyn Symes has presented her first state budget, indicating a projected surplus of $600 million amidst soaring net debt, which is expected to reach $167.6 billion this year and further rise to $194 billion within three years.

The budget has flagged significant public sector job losses, with the government noting plans to save $3.3 billion by eliminating inefficiencies, although specific details on job cuts remain scarce. Symes mentioned that approximately 1,200 full-time equivalent positions are included in the savings, with additional cuts likely after a report from bureaucrat Helen Silver in June.

Debt bomb

Opposition Leader Brad Battin condemned the government’s approach to debt, arguing it burdens Victorians through increased taxation, particularly criticising the new Emergency Services Levy. The Greens have also expressed dissatisfaction, highlighting a lack of focus on climate change in the budget.

While the net debt is projected to remain stable, cost increases for state projects have amounted to $3.3 billion. Despite the looming cuts, the budget allocates substantial funds to health and crime prevention, including $11.1 billion for health services and $1.6 billion for crime reduction initiatives.

Tax revenue is expected to rise significantly, spurred by the Emergency Services and Volunteers Fund, which will place additional financial strain on landholders, particularly farmers. Reactions to the budget have been mixed, with some welcoming support for struggling families, while others decry job cuts and insufficient investment in regional development.

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