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Putin threatens cluster bomb retaliation

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Russian President Vladimir Putin has issued a threat to deploy cluster bombs by Russian forces if Ukraine proceeds with the use of these controversial weapons.

Putin emphasized that Moscow possesses an ample stockpile of cluster munitions and reserved the right to retaliate if Ukraine were to employ them against Russian forces.

Cluster bombs are widely condemned and banned in over 100 countries due to their indiscriminate nature and the potential for large-scale civilian casualties. These weapons release numerous smaller submunitions, which can cause harm over a wide area.

Additionally, unexploded submunitions pose an ongoing danger, remaining hazardous to civilians long after conflicts have ended.

The United States has supplied Ukraine with these contentious weapons, citing the need to compensate for shortages in artillery shells as Ukrainian forces mount a counteroffensive.

However, Putin argued on state-run TV that the use of cluster bombs would warrant reciprocal action from Russia. He claimed that Russia has not utilized cluster bombs in its invasion of Ukraine, although reports from March 2022 suggested their initial use by Russian forces.

Cluster bombs

It is worth noting that both Moscow and Kyiv have faced accusations of employing cluster munitions, as highlighted by Human Rights Watch.

Notably, Russia and Ukraine, along with the United States, have not ratified the Convention on Cluster Munitions, an international agreement that prohibits the production, stockpiling, use, and transfer of such weapons.

While Putin decried the use of cluster bombs by Ukraine as a crime, investigations by organizations like Bellingcat have revealed evidence of Russian forces deploying these weapons in urban areas at the onset of the invasion.

The situation remains tense as Russia continues its military operations in Ukraine, and the threat of further escalation and the use of dangerous weaponry looms large.

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U.S. and China work to de-escalate trade tensions

Trump and Xi seek de-escalation as U.S.-China trade tensions rise amid new tariffs and market instability

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Trump and Xi seek de-escalation as U.S.-China trade tensions rise amid new tariffs and market instability

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In Short:
– Trump and China aim to ease escalating trade tensions while discussing tariff threats and market stability.
– Both nations prefer negotiation over retaliation, seeking collaboration for economic benefits.
President Trump is navigating complex tensions with China as both nations seek to ease trade disputes that have escalated in recent weeks.
After threatening a 100% tariff on Chinese imports effective November 1, Trump has engaged in discussions with senior officials, including Treasury Secretary Scott Bessent, about reducing tensions and stabilising markets.Banner

Despite the tariff threat following China’s export restrictions on rare-earth minerals, both countries have shown interest in detente. Chinese officials are keen to preserve a planned summit between Trump and Xi Jinping, while the U.S. administration is motivated to avoid stock market turmoil and refocus on other global matters.

Response Considerations

Strengthening audit processes for Chinese firms operating in the U.S. has been discussed, alongside potential executive actions against Chinese investments linked to Russian oil. Senior advisers, including Bessent, are now prioritising global market stability while offering a more conciliatory tone towards China.

Trump indicated willingness to engage in talks despite previous statements suggesting a severed meeting with Xi.

The lack of specific retaliatory threats from the Chinese government in response to Trump’s tariff announcement signals a desire for tempered relations. China’s Ministry of Commerce has stated that the export controls are not outright bans and will be moderated. Signs of this intention are reflected in lower-profile media coverage of the trade tensions within China.

Both nations face a choice between escalating tensions or pursuing negotiations that could benefit their economies significantly. Business leaders hope the focus will shift towards collaboration rather than another cycle of retaliation.


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Australia unveils major super tax overhaul

Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.

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Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.


The Albanese government has announced sweeping superannuation reforms, introducing a 40% tax on balances over $10 million while boosting support for low-income earners to create a fairer, more sustainable retirement system.

#Superannuation #TaxReform #Australia #Finance #Retirement #Albanese #Economy #Wealth #Investment #MoneyMatters


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Bitcoin crashes after Trump’s China tariffs

Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence. #CryptoCrash #Bitcoin #Markets

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Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence.


Bitcoin’s historic rally has collapsed — plunging over 12% after Donald Trump’s new tariffs on China triggered the biggest crypto liquidation ever.

Experts warn the fallout could reshape global investor confidence and market regulation.

#Bitcoin #CryptoCrash #Trump #ChinaTariffs #CryptoNews #Ethereum #Solana #Markets #Investing #Finance


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