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

News

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

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

U.S. pushes Ukraine toward controversial peace plan with Russia

US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.

Published

on

US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.


The United States is pressuring Ukraine to accept a peace plan that would see the country surrender territory and military equipment as part of a negotiated settlement with Russia. The proposal has sparked concern within Kyiv over the potential loss of sovereignty and long-term security.

President Volodymyr Zelenskiy is in Turkey discussing this plan, which may also involve cuts to Ukraine’s armed forces. His visit comes as Washington intensifies efforts under the Trump administration to secure an end to the conflict, despite fears the terms could undermine Ukraine’s national interests.

As Russian forces continue their aggressive campaign, holding roughly 19% of Ukrainian territory, Zelenskiy is attempting to revive peace talks before winter further complicates the frontline. The stakes remain high as the geopolitical landscape shifts.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Ukraine #USPolitics #PeacePlan #Zelenskiy #Russia #Geopolitics #WarInUkraine #TickerNews


Download the Ticker app

Continue Reading

News

Senate clears Epstein files release despite White House push

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.

Published

on

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.


The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.

Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.

Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#EpsteinFiles #WhiteHouse #Trump #SenateVote #JusticeDepartment #USPolitics #Transparency #TickerNews


Download the Ticker app

Continue Reading

News

Nvidia earnings shake tech stocks as ASX heads into Christmas

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.

Published

on

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.


Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.

Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.

With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#NvidiaEarnings #TechStocks #StockMarket #ASX #GlobalMarkets #Investing #MarketUpdate #TickerNews


Download the Ticker app

Continue Reading

Trending Now