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Giorgia Meloni is moments away from an Italian victory

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Giorgia Meloni is moments away from an Italian victory

Giorgia Meloni, the leader of Italy’s far-right Brothers of Italy party, is on course to become the country’s first female prime minister.

It comes off the back of the political bloc winning the most votes in Sunday’s parliamentary elections.

With nearly all the votes counted, Brothers of Italy have won around 33 per cent of the vote. Meloni’s main rivals have won around 27 per cent each.

These are the centre-right coalition, led by former prime minister Silvio Berlusconi and the centre-left coalition, led by incumbent Prime Minister Mario Draghi.

Her victory comes as a right-wing populist wave is sweeping across Europe. Far-right parties have made significant gains in France, Hungary and Poland in recent years.

But the success of Brothers of Italy comes as a surprise to many, considering the party only garnered 4 per cent of the vote just four years ago.

However, their ability to remain unified while other parties collapsed allowed them to take advantage of the situation.

Giorgia Meloni is now the likely prime minister, though it may be some time before she is officially nominated. This is largely due to President Sergio Mattarella’s involvement.

Meloni has worked hard to soften her image in recent years. Her allies hope that this will continue as she takes on a more prominent role in Italian politics.

She has pledged to govern for all Italians and has said her government will not betray voters’ trust.

Rome will be watching closely to see what direction Meloni and her party take the country in the coming months.

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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People investing heavily in pet health

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Australian pet owners are demonstrating their unwavering commitment to their furry companions, as revealed in a recent survey by Finder.com. The survey, conducted among 1,061 respondents, highlights that 94% of pet owners are willing to spare no expense to ensure the well-being of their pets, with some prepared to spend over $10,000.

On average, Australians are willing to invest $6,219 to safeguard their pets’ health, showcasing the deep bond between humans and animals. While 6% of respondents admit they wouldn’t spend anything on vet bills before considering euthanasia, the majority prioritise their pets’ welfare.

To assist pet owners in making informed financial decisions, Finder has announced the winners of its Pet Insurance Awards for 2024. Bow Wow Meow’s Ultimate Care policy stands out for its exceptional value, offering extensive coverage at an affordable price point.

Highly commended policies include petinsurance.com.au’s Platinum Cover and Coles Pet Insurance, providing comprehensive protection for furry companions.

Investing in pet insurance can provide peace of mind, ensuring that pet owners are prepared for unforeseen medical emergencies without compromising their financial stability.

With policies tailored to various needs and budgets, pet owners can find the right coverage for their beloved animals.

Despite generational differences in spending habits, with Gen Z leading the pack in willingness to invest in pet health, one thing remains clear: Australians’ love for their pets is unwavering, exemplifying the cherished bond between humans and animals.

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ASEAN emerging as new global economic power?

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As global supply chains adapt to the pandemic and heightened US-China tensions, attention shifts to ASEAN’s emerging economies.

Could Vietnam and Indonesia lead ASEAN into becoming a third economic powerhouse alongside China and India? Professor Tim Harcourt of UTS and The Airport Economist on Ticker weighs in.

While debates on ‘deglobalisation’ persist, the question arises: is production truly shifting or merely realigning? Geopolitical uncertainties prompt businesses to diversify their supply chains away from China, a move influenced by both politics and economics. Taiwan, Vietnam, and Indonesia emerge as preferred destinations due to their strategic advantages and growing economies.

Australia’s recent Australian ASEAN Summit highlights the potential gains from closer ASEAN ties, given its vast population of over 640 million. What collaborative opportunities lie ahead?

Professor Harcourt’s upcoming Airport Economist ASEAN series on Ticker promises deeper insights into ASEAN’s economic landscape, revealing its potential as a significant global player.

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Investors assess geopolitical risks amidst tensions

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Amidst a backdrop of geopolitical easing, investors are reassessing their risk strategies to navigate a more tranquil global landscape.

This shift coincides with markets recalibrating expectations around potential rate cuts, resulting in a downturn in stocks.

In the tech sector, all eyes are on US earnings reports this week, particularly those of industry giants whose performance often sets the tone for market sentiment.

Additionally, anticipation mounts ahead of the release of Australian CPI data, scheduled for Wednesday, which promises insights into economic health and potential monetary policy implications.

These developments underscore the need for investors to remain vigilant and adaptable in response to evolving geopolitical and economic dynamics.

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