News
Japan considers largest military spend since WWII to combat China
Japan is setting up a new strategy team to coordinate policies in China and analyse Beijing’s movements.
The foreign ministry says the team will examine China’s plans in the medium to long term.
It follows last week’s visit to Japan by the US President.
The creation of the new team comes as President Xi Jinping is expected to maintain his helm of the ruling Communist Party, and as tensions between the US and China intensify.
Japan is considering doubling its arms spending to acquire first strike capability.
Japan has the third largest GDP in the world, though its military spending is far lower than China’s.
The country has had an unofficial policy since World War Two to spend no more than 1 per cent of its GDP on defence.
Article nine of Japan’s constitution, authored by US occupation forces after the second world war, renounces war and forbids the country from using force to settle international disputes.
Japan’s location places it in an increasingly volatile security environment, flanked by China to its south, nuclear-armed North Korea to the west and Russia to its north.
Experts say the world’s third-largest economy is reevaluating its approach to deterrence and showcasing itself as a reliable partner on the world stage.
News
Global stocks wobble as Davos kicks off and Trump reshapes geopolitics
Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.
Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.
Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.
The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.
Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.
Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.
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News
Zelenskyy reveals planned UAE talks with Russia and the United States
Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.
Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.
Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.
He also criticised European leaders at the World Economic Forum, calling for stronger political will.
News
Albanese apologises to Jewish community at Bondi attack memorial
Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.
Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.
Anthony Albanese has apologised to the Jewish community, saying Australia failed to keep people safe after the Bondi terror attack.
Speaking at a memorial in Sydney, he pledged to confront antisemitism and stand with families and first responders in grief and unity.
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