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North Korea tests new cruise missiles

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North Korea claims to have “successfully” test-fired new long-range cruise missiles, which hit their targets 1,500 km away

The North’s official Korean Central News Agency describes the missiles as a “strategic weapon of great significance”.

The tests took place over the weekend, just days after the reclusive nation celebrated the 73rd anniversary of its founding with a late night military parade.

State media says the missiles flew for 7,580 seconds along “oval and pattern-8 flight orbits” and landed in the nation’s territorial waters.

The missile tests are the first that Pyongyang has carried out since March. North Korean leader Kim Jong Un does not appear to have been in attendance for the launches.

Bruce Wolpe from the United States Studies Centre says North Korea wants to create some attention.

“When Kim engages in these acts, he’s essentially saying pay attention to me… don’t forget I’m here. And he rattles the cage,” Wolpe told Ticker News.

The Korean Central News Agency says the test provides “strategic significance of possessing another effective deterrence means for more reliably guaranteeing the security of our state and strongly containing the military manoeuvres of the hostile forces”.

“The development of the long-range cruise missiles, a strategic weapon … has been promoted according to the scientific and reliable weapon system development process over the past two years.”

north korea state media

STALLED NUCLEAR NEGOTIATIONS

The latest missile tests come amid a protracted standoff between North Korea and the United States.

Negotiations to get North Korea to give up its nuclear arsenal have remained stalled since 2019.

Pyongyang says it won’t give up its nuclear weapons, while America pursues a “hostile” policy.

Bruce Wolpe believes U.S. President Joe Biden will see the missile tests as justification for his decision to pull troops out of Afghanistan.

“It affirms, at least in President Biden’s mind, the wisdom of the decision to withdraw from Afghanistan because there are other issues that need his attention and focus,” Bruce Wolpe says.

The U.S special envoy for North Korea, Sung Kim, is visiting Japan this week to meet with his counterparts from South Korea and Japan.

One of the pressing issues up for discussion is how to denuclearise the Korean Peninsula.

But as history shows, it’s no easy feat.

The Biden administration says the best way to address the nuclear threat is through diplomacy and dialogue.

The special envoy has even offered to meet his North Korean counterparts “anywhere, anytime without preconditions.”

But North Korea has not been willing to engage.

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Why Australia is becoming the new home of the Hollywood blockbuster

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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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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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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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