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Summit of unity, as the U.S., Japan and South Korea join forces

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In a strategic move aimed at countering China’s growing influence, the leaders of Japan, South Korea, and the United States are convening this week at the Camp David presidential retreat in Maryland.

This historic summit marks a significant step towards quelling the longstanding animosity between Japan and South Korea, which Beijing has historically exploited as part of its divide and conquer strategy.

The leaders aim to project unity and announce a series of defense, economic, and diplomatic agreements designed to challenge China’s geopolitical dominance.

US President Joe Biden, Japanese Prime Minister Fumio Kishida, and South Korean President Yoon Suk-yeol will gather on Friday for talks aimed at strengthening ties and presenting a unified front.

The leaders are expected to unveil defense cooperation, economic collaboration, and diplomatic initiatives geared towards pushing back against China’s expanding presence in the region.

Christopher Johnstone, a senior fellow at the Centre for Strategic and International Studies (CSIS) and former CIA analyst, remarked, “China, they will certainly not say anything positive and will be very critical of the trilateral statement.

They have always seen the difficulties between South Korea and Japan as a freebie for them, one where they wouldn’t have to work very hard to split the allies. Now that that has been repaired, the Chinese see very little advantage.”

Potential outcomes

While this isn’t the first time the three leaders have met, it is the first standalone summit of its kind, underscoring the gravity of the occasion.

Potential outcomes of the summit, colloquially referred to as “deliverables,” include a collective security agreement, joint military exercises, enhanced communication channels, frequent military dialogues, deeper cooperation in supply chains and emerging technologies, increased people-to-people exchanges, and a commitment to holding trilateral summits on an annual basis.

US Secretary of State Antony Blinken emphasized the importance of the trilateral cooperation, stating, “Strengthening our trilateral cooperation is critical to delivering for our people, for the region and for the world,” after meetings with his Japanese and South Korean counterparts.

China, not taking this development lightly, recently engaged in a three-way meeting with North Korea and Russia’s defense ministers.

It also attempted to foster closer ties with South Korea and Japan, signaling its desire to disrupt the unity of the trilateral group. However, analysts suggest that these efforts might fall short due to the significance of the strengthened alliance.

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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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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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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