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G7 Summit – can a $600bn fund combat China’s dominance?

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2 years ago

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As China’s influence continues to grow over developing nations, the G7 has relaunched its infrastructure funding scheme

Led by U.S President Joe Biden, leaders are pledging to spend a total of $600 billion of both private and public funds by 2027

The fund is largely similar to a the scheme launched at Cornwall just last year, and provides an alternative to the Chinese belt and road initiative.

U.S. President Joe Biden kicked off the G7 leaders summit with a series of meetings with other world leaders during the three day event in the Bavarian Alps, dominating the conversation is the war in Ukraine, and how leaders can try to curb the conflicts effect on the global economy, while ratcheting up pressure against Russia by enjoying the leaders of the world’s wealthiest democracies including Canada, the UK, Germany, France, Italy and Japan.

The meetings come amid tall challenges for Biden domestically and internationally.

At home Biden faces the fallout from the Supreme Court ruling on Friday that eliminated the constitutional right to abortion and soaring inflation that threatens to pull the US into a recession.

Abroad, the war in Ukraine has triggered a looming global food shortage and soaring energy prices. The President discussed his green agenda.

“Today we officially launched the Partnership for global infrastructure and investment. We collectively have dozens of projects already underway around the globe. And I’m proud to announce that the United States will mobilise $200 billion in public and private capital over the next five years for that partnership,”

biden says

Following the G7, the President will head to Spain for NATO’s annual Leaders Summit.

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Why Australia is becoming the new home of the Hollywood blockbuster

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2 days ago

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May 17, 2024

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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2 days ago

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May 17, 2024

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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2 days ago

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May 17, 2024

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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