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TICKER VIEWS – Is New Zealand really cosying up to China?

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The diplomatic rift between Australia and China continues to worsen, exacerbated by Scott Morrison’s government tearing up controversial infrastructure agreements.

Canberra is bracing for retaliation from Beijing, after it torpedoed Belt and Road Initiative agreements China signed with the Australian state of Victoria.

Australia hasn’t hesitated to stand up to an increasingly assertive and powerful China. It led calls for an independent investigation into the origins of COVID-19, much to China’s fury.

Beijing has even shared a 14-point list of grievances that it has against Australia.

Chinese President Xi Jinping, right, and New Zealand Prime Minister Jacinda Ardern shake hands before their meeting at the Great Hall of the People in Beijing, Monday, April 1, 2019. (Kenzaburo Fukuhara/Pool Photo via AP)


TREADING CAREFULLY

New Zealand’s relationship with China has also been under the spotlight, but for completely different reasons.

New Zealand has been accused of turning its back on its “Five Eyes” allies, amid claims Jacinda Ardern’s government is soft on China.

There’s no question that Australia and New Zealand have fundamentally different approaches to handling the increasing assertiveness of China.

But is New Zealand moving closer to China?

Robert Ayson is a Professor of Strategic Studies at Victoria University of Wellington. He says that while New Zealand doesn’t have a “hardline, zero sum approach to [its] relationship” with Beijing, it “… has taken a strong view on China compared to where it was 7-8 years ago.”

“New Zealand wants to maintain good relations with traditional partners, particularly in the Five Eyes context,” he told Ticker News.

“New Zealand also wants to keep room for a productive relationship with Beijing. New Zealand is unlikely to go down the path that Australia has…”

Australia’s actions have seen it become a victim of China’s economic coercion. New Zealand is seeking to tread carefully, mindful of its economic reliance on China.

FUTURE OF FIVE-EYES

New Zealand has on multiple occasions spoken out against China, including over human rights abuses in Xinjiang.

But the island nation has also been conspicuously absent from some joint statements from its Five-Eyes allies, as it is wanting to chart its own course when it comes to its dealings with China.

The 70-year-old intelligence grouping is made up of Australia, Canada, New Zealand, the United States, and United Kingdom.

New Zealand’s Foreign Minister this week revealed that New Zealand was “uncomfortable” with expanding the remit of the alliance.

Nanaia Mahuta believes the focus of the group needs to remain on intelligence, not on pressuring or criticising China.

Robert Ayson says the “comments did catch out a few people”, given they were made “in a public forum”.

UNSOLICITED ADVICE

Australia’s Foreign Minister Marine Payne travelled across the Tasman this week, taking advantage of the new travel bubble, for a face-to-face meeting with her Kiwi counterpart.Marise Payne was asked by a journalist if she would like to see the Ardern government take a tougher line on Beijing.

“One thing I have learnt in my role in this job as Australia’s Foreign Minister is not to give advice to other countries,” she responded.

It’s advice that New Zealand’s Trade Minister would have done well to heed in an interview earlier this year.

Appearing on CNBC, Damien O’Connor urged Australia to follow New Zealand and “show respect” and “a little more diplomacy” to China.

The comments went down like a lead balloon in Canberra, as the Minister was left to mop up a diplomatic mess of his own making.

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Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

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Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


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Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


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EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


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