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Taiwan’s President Tsai Ing-wen: “Democracy is under threat”

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The President spoke of the ongoing relationship between the United States and Taiwan

Taiwan’s President Tsai Ing-wen has warned “democracy is under threat” as she met with U.S. House Speaker Kevin McCarthy in California.

The highly-anticipated event is a show of solidarity against growing threats from China.

Tsai gathered with a bipartisan group of U.S. lawmakers at the Ronald Reagan Presidential Library in California.

McCarthy says the ongoing relationship between the two nations is of “profound importance to the free world.”

The landmark meeting is the second time the president has met with an American lawmaker, following Nancy Pelosi’s to the island nation last year.

But, following today’s meeting with McCarthy, Tsai becomes the first president of Taiwan to meet with a sitting House speaker on American soil.

Tsai says she is ‘grateful to have the U.S. by Taiwan’s side.’

China dispatched several maritime vessels near Taiwan’s coast ahead of the meeting.

China’s Consulate General in Los Angeles condemned the anticipated meeting as “not conducive to regional peace, security and stability.”

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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