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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
Experts warn AI could trigger ‘Grey Swan’ events in the global economy
Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.
Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.
As excitement around artificial intelligence reaches new heights, experts are cautioning that the technology could spark unexpected disruptions known as ‘grey swan events’. Unlike black swans, these events are somewhat foreseeable but often underestimated, posing real threats to economic stability.
David Scutt from StoneX joins Ticker to break down what grey swans are, their potential impact on AI, and how legal, security, and innovation risks could shake the industry. He also explains how the pace of AI advancement makes it harder to anticipate and prepare for these shocks.
From resilience strategies for policymakers to the concept of antifragility coined by Nassim Nicholas Taleb, this discussion offers insights into how the world might navigate the growing AI landscape.
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#AI #GreySwan #TechRisks #InnovationShock #ArtificialIntelligence #GlobalEconomy #DavidScutt #TickerNews
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Oscars move to YouTube in landmark streaming deal from 2029
YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.
YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.
The Academy of Motion Picture Arts and Sciences has struck a landmark agreement with YouTube to stream the Oscars exclusively from 2029, marking a major shift for Hollywood’s biggest night.
YouTube will hold global rights to the ceremony from 2029 to 2033, making the event free to its more than two billion users worldwide, with added features like red carpet coverage and behind-the-scenes access.
The move reflects changing viewing habits as audiences increasingly turn to digital platforms for live events.
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#Oscars #YouTube #StreamingWars #Hollywood #FilmIndustry #DigitalMedia #EntertainmentNews #AcademyAwards
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NSW weighs urgent gun law changes after Bondi shooting as firearm caps spark backlash
NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.
NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.
The New South Wales government is set to discuss urgent changes to firearm legislation next week following the Bondi Beach shooting, reigniting the national debate over gun control and public safety.
The proposed reforms are aimed at tightening access to firearms and limiting individual ownership, as authorities respond to concerns about rising violence across the state.
With the number of registered firearms in NSW surging over the past decade, lawmakers say swift action may be needed to prevent further harm.
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#NSWPolitics #GunControl #FirearmLaws #BondiShooting #PublicSafety #AustralianNews #BreakingNews #TickerNews
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