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Taiwan reaches out for international support following China invasion

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As tensions between China and Taiwan reach a 40 year high, Taipei is now seeking international support, following incursions made by Beijing

Taiwan President Tsai Ing-wen says the nation will ensure regional peace and stability going forward, seeking to work with international partners such as France and Australia.

The President held conversations with other like-minded democracies on Thursday, telling senior French and Australian dignitaries that international support would be requested following a dramatic spike in tensions with China.

The trips by four French senators and former Australian Prime Minister Tony Abbott come after four straight days of intense Chinese air force incursions into Taiwan’s air defence zone.

FILE PHOTO: Soldiers march to position during an anti-invasion drill on the beach during the annual Han Kuang military drill in Tainan, Taiwan, September 14, 2021. REUTERS/Ann Wang

Those incursions have been met with concern by Washington and its allies

Democratically ruled Taiwan has sought support from other democracies, especially the United States and it allies, amid the growing military and political pressure from China, who continues to claim Taiwan as its own territory.

The Taiwan president thanked her French international counterparts for their concern.

“We will continue to fulfil our responsibilities as members of the international community to ensure peace and stability in the Indo-Pacific region. We also hope to make more contributions to the world along with France,”

The PM said

Tsai gave a similar message in later remarks to Australia’s former leader Tony Abbott, who says he was currently in Taiwan to help end its international isolation, praising its democracy and handling of the COVID-19 pandemic.

“Of course not everyone and not everywhere is pleased at Taiwan’s progress, and I do note that Taiwan is challenged on an almost daily basis by its giant neighbour,”

Abbott said.

In March, the Chinese embassy in Paris warned against lawmakers meeting Taiwanese officials, prompting a rebuff from the French foreign ministry, which said French senators are free to meet whomever they wish when they travel.

Tony Abbott, Former Australian PM, is in Taiwan

Neither France nor Australia have formal diplomatic ties with Taiwan, like most countries

On Wednesday, US President Joe Biden confirmed he and his Chinese counterpart Xi Jinping have agreed to abide by the “Taiwan agreement”

The President of the United States appeared to be referring to America’s longstanding “one China” policy, where it recognises China rather than Taiwan.

But – the agreement further allows the United States to maintain a “robust unofficial” relationship with Tawian.

Beijing has sent “record numbers” of military jets into Taiwan’s air defence zone for four consecutive days.

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RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

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RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.


The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV


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U.S. retail sales slowdown sparks new fears ahead of Fed decision

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

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U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.


Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.

The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.

Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.

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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews


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xAI’s $15 billion raise, deadline pressure and Grokipedia launch

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

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Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.


Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.

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#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground


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