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UK faces biggest rail strike in 30 years

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The United Kingdom is facing nationwide paralysis as its biggest rail strike in thirty years is set to begin.

Last minute talks between unions and the government failed – meaning a whole week where millions face the prospect of limited to no rail transport.

England, Scotland and Wales are set to face ‘transport misery’ according to the UK’s transport secretary.

40,000 rail workers nationwide are walking out of the job on Tuesday, Thursday and Saturday.

Passengers commuters across the country are being advised not to travel unless its absolutely necessary.

With normally 20,000 rail services being cut down to just 4,500 across Britain, this is the biggest rail strike the UK has seen in three decades

The Government is blaming Union leaders for resisting technological change and for demanding more money than is warranted.

Unions are saying that the ongoing inflation, job cuts, pay rises not keeping up increases in the cost of living and safety being disregarded are all factors.

These strikes have been nicknamed the Summer of Discontent

For anyone caught up in the strikes this week – what can they do?

The government is urging everybody not to travel unless they absolutely have to.

The last few years with the pandemic taught us that many people actually can work form home quite well.

Many people will have the option working from home, so in some ways, certain aspects of this strike won’t be as bad as previously anticipated.

But not everyone has the luxury of working from home – essential services, hospitality, tourism, hospital and emergency staff.

This will be a tale of the cans and the cannots when it comes to avoiding the pandemic

Travel (airports) Tourists – London alone is set to lose millions in tourists and sightseers.

And of course, the famous Glastonbury festival – which usually attracts several hundred thousand festivalgoers starts in a few days this week, where half of all trains to and from glastonbury are completely cancelled.

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Japan’s PM Takaichi courts Trump with trade offers

Japan’s new PM Takaichi to offer pickups and soybeans to Trump amid trade talks next week

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Japan’s new PM Takaichi to offer pickups and soybeans to Trump amid trade talks next week

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In Short:
– Japan’s PM Sanae Takaichi will negotiate with Trump on pickups, soybeans, and natural gas next week.
– Takaichi won’t commit to new defence spending, focusing on strengthening U.S.-Japan relations and investment discussions.
Japan’s new Prime Minister, Sanae Takaichi, is preparing to negotiate with U.S. President Donald Trump next week, aiming to present a package that includes U.S. pickups, soybeans, and natural gas.Takaichi’s administration will not commit to new defence spending at the meeting, despite U.S. pressure for Japan and allies to increase contributions. The meeting will take place during Trump’s first visit to Japan since his re-election, following a prior agreement for Japan to invest up to $550 billion in the U.S. in exchange for lower car tariffs.

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The alliance with the U.S. is crucial to Japan’s foreign and security policy, according to Takaichi. A successful dialogue with Trump could strengthen her government, which operates with a parliamentary minority. Washington’s support is essential for Takaichi to advance her regional security agenda.

Diplomatic Details

Main initiatives include purchasing Ford F-150 pickup trucks, an idea suggested by Trump, and increasing U.S. soybean imports amidst declining exports to China. U.S. pickups are impractical for most Japanese consumers but may find utility in specific roles like snow plowing.

Japan plans to enhance its acquisition of U.S. liquefied natural gas, although it will not initially source from a Trump-favoured Alaskan pipeline. Investment discussions will accompany the trade talks, ensuring that Takaichi maintains commitments made by her predecessor.

In defence, Takaichi seeks to solidify ties with the U.S., with Japan housing a significant U.S. military presence. Japan’s defence strategy will undergo reviews to potentially accelerate military capabilities.


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Gold plunges 5% in biggest drop since 2013

Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.

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Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.


Gold prices have crashed over 5% in a single day, sparking concerns across global markets and sending investors scrambling.

Chris Weston from Pepperstone breaks down the causes and implications.

#Gold #Markets #Investing #Commodities #GoldCrash #PreciousMetals #ASX #GlobalMarkets #Finance #Trading


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Trump and Xi set for high-stakes APEC showdown

Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.

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Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.


President Trump and President Xi Jinping will meet for the first time in six years at the APEC summit, aiming to ease trade tensions and revive dialogue amid tariff threats.

#Trump #XiJinping #APEC #Trade #China #USPolitics #Economy #Tariffs #AsiaPacific #GlobalSummit


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