Saudi Arabia signs Huawei deal during historic visit by President Xi

Published

1 year ago

December 9, 2022

Saudi Arabia and China are deepening their ties during President Xi Jinping’s visit to the Kingdom

Chinese President Xi Jinping received a lavish welcome as he forged a fresh partnership with King Salman of Saudi Arabia.

The pair signed a memorandum of understanding with Huawei Technologies, which covers cloud computing, and the possibility for high-tech infrastructure in Saudi Arabia.

The U.S. has raised concerns over security risks linked to the Chinese company’s technology.

Xi said Beijing sees Riyadh as “an important force in the multipolar world”.

He explained China and the Arabian region will “continue to hold high the banner of non-interference in internal affairs”.

President Xi’s vehicle was escorted to the king’s palace by members of the Saudi Royal Guard.

They were carrying Chinese and Saudi flags, before the two leaders sat down for a banquet.

U.S. National Security spokesperson, John Kirby said it is “not a surprise” that President Xi is travelling abroad, after his recent visit to Indonesia for the G20 Summit.

“We are mindful of the influence that China is trying to grow around the world. The Middle East is certainly one of those regions where they want to deepen their level of influence,” he said.

The two nations also signed 34 historic deals in relation to green energy, information technology, transport, and construction.

It is understood the agreements amount to $30 billion.

Why Australia is becoming the new home of the Hollywood blockbuster

Published

2 days ago

May 17, 2024

Nathan Langridge

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

Published

2 days ago

May 17, 2024

Nathan Langridge

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%

Published

2 days ago

May 17, 2024

ticker NEWS

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