News
Australia lashes out at China – denounces threat
The Australian government has delivered a scathing assessment of China’s position within the global trading sector
In a statement provided to the World Trade Organisation, the Morrison government calls out Beijing for trade coercion on exports that previously totalled 20 billion a year.
The government says “WTO rules do not permit a member – however large – to impose conditions such as these on trade with another member”.
The statement forms part of a regular review process conducted by the Trade Organisation into trade practices of member nations.
It has been published on Twitter by Australia’s trade ambassador and retweeted by Finance Minister Simon Birmingham.
This follows Australia pushing to internationalise its push back against Beijing’s use of its market power to punish trade partners for alleged misbehaviour.
The statement says “China’s actions go beyond their impact on Australian exporters – they raise the risk and uncertainty of the China market for the global business community”.
News
LIVE: U.S. and Israel launch war on Iran
U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.
U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.
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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months
News
Trump claims Iran military neutralised as Strait Of Hormuz tensions surge
Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.
Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.
President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.
The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.
With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.
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What’s happening in the Middle East?
- Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
- Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
- Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
- More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
- Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears
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