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US officials to tour Latin America to counteract Belt & Road policy

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US officials are set to tour Latin America this week to scout infrastructure projects as they prepare a counter to China’s Belt and Road Initiative.

President Joe Biden’s senior officials will visit Colombia, Ecuador and Panama in a bid to combat President Xi Jinping’s multitrillion-dollar initiative.

The group is tasked with turning Build Back Better World into a reality for several neighbouring nations.

The international infrastructure investment policy was recently announced by the G7.

The US tour will mark the first of several planned “listening tours.” It will allow US officials to speak with the private sector, civil society and “traditionally marginalised groups.”

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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