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Taiwan to spend extra $9 billion to boost defence as China threat intensifies

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Taiwan is set to invest in its defence strategies and systems, spending $9 billion over the next five years

The country will spend extra on its armed forces – including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a “severe threat” from giant neighbour China.

Taiwan President Tsai Ing-wen has made modernising the armed forces a priority as it is currently dwarfed by China’s.

It comes as Beijing ramps up its military and diplomatic pressure against the island it claims as “sacred” Chinese territory.

The new money, which comes on top of planned military spending of T$471.7 billion for 2022, will still however need to be approved by parliament.

China continues to be a major threat to Taiwan

“The Chinese Communists have continued to invest heavily in national defence budgets, its military strength has grown rapidly, and it has frequently dispatched aircraft and ships to invade and harass our seas and airspace,” Taiwan’s Defence Ministry said in a statement.

The nation warned of an urgent need to upgrade weapons in the face of a “severe threat” from giant neighbour, China.

It comes as Australia, the UK and the US announce a new security partnership

The deal will see the three countries share secret nuclear technology and also assist Australia as it switches to a nuclear-powered submarine fleet.

Australian Prime Minister Scott Morrison says “our world is becoming more complex, especially in the Indo-Pacific”

Morrison says his country is opening up a new friendship in its relations with the US and Britain, as he secures a brand new nuclear submarine fleet.

This follows Morrison holding a National Security Committee of Cabinet in Canberra on Wednesday. 

Australia will use both US and British technology to replace its existing Collins class fleet, as the international strategic environment heats up.

The alliance deal will also see an increased presence of American nuclear subs in the region, with a focus on aligning technology and regional challenges.

The working group will ensure that the countries can share information regarding long-range strike capabilities, artificial intelligence and underwater systems in an attempt to counteract the increasing dominance of China.

Biden says it’s time to face the threats of the twenty-first century and has faith that the AUKUS alliance will allow this.

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Why Australia is becoming the new home of the Hollywood blockbuster

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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

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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%

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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

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