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Saudi Arabia bans rainbow-coloured toys and children’s clothing

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A rainbow in itself symbolises success, hope and fortune to many of us, gazing upon the vibrant colours brings happiness and excitement, but not for one country

Authorities in Saudi Arabia have been seizing rainbow-coloured toys and children’s clothing

They claim it encourages homosexuality.

A state-TV report showed officials removing a range of items from shops in the capital city

They included hair clips, toys, t-shirts, hats and pencil cases.

One official said the items “contradict the Islamic faith and public morals, and promote homosexual colours targeting the younger generation”.

The commerce ministry tweeted separately that its teams were confiscating

In the video they explain “products that contain symbols and signs calling for deviation and contradicting common sense”.

Shops found to be selling them would face legal penalties.

Under the country’s interpretation of Islamic law, consensual same-sex relationships is punishable by death or flogging

When it comes to the response from the White House, Karine Jean-Pierre says the U.S sees human rights as universal.

“We work around the globe to protect LGBTQI+ persons from violence and abuse […] and empower local LGBTQI+ movements and persons. “

KARINE JEAN-PIERRE

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Money

Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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