Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Saudi Arabia signs Huawei deal during historic visit by President Xi

Published

on

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.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading

News

December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

Published

on

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


Download the Ticker app

Continue Reading

News

Meta and Amazon signal ‘AI efficiency era’

Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.

Published

on

Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.


The AI boom is shifting gears, Meta and Amazon are cutting jobs to boost automation, profitability, and focus.

Analysts say this marks the dawn of an AI discipline era.

#AI #Meta #Amazon #BradGastwirth #BigTech #Automation #TechJobs #AIRevolution #EfficiencyEra #FutureOfWork


Download the Ticker app

Continue Reading

News

Trump signals trade deal with China nearing

Trump claims a China trade deal is nearing completion amid new agreements across Asia.

Published

on

Trump claims a China trade deal is nearing completion amid new agreements across Asia.


President Donald Trump says a trade deal with China is close as he finalises new agreements across Asia.

Talks with Xi Jinping are expected to deliver key breakthroughs in trade and diplomacy.

#Trump #China #TradeDeal #USAsia #XiJinping #Economy #Diplomacy #TradeTalks #WhiteHouse #GlobalMarkets


Download the Ticker app

Continue Reading

Trending Now