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Why Australian PM got 40 minutes with President Biden
Australian Prime Minister Anthony Albanese has met with U.S. President Joe Biden in Phnom Penh for the East Asia and ASEAN summits
During the 40 minute conversation, the two leaders discussed the critical AUKUS alliance between the UK, U.S., and Australia.
Coincidentally, the 40 minute conversation comes just hours before Biden is set to meet with China’s Xi Jinping.
Finding stability in the Indo-Pacific was front and centre during the discussion as both leaders face shared challenges.
The leaders also spoke about climate change and tackling environmental issues.
“Australia’s standing in the region has risen and that is a benefit for those who have respect for Australia’s position…
The United States is one of those.”
Anthony Albanese told reporters
The Australian leader also met with Chinese Premier Li Keqiang, but a question mark looms over whether he will met with Chinese President Xi Jinping.
“I had a brief conversation with Premier Li, it was very positive, it was constructive.
I’ve said repeatedly about the relationship with China that we should co-operate where we we can and that dialogue is always a good thing.”
Anthony albanese told reporters
China and Australia’s relationship has been on the rocks recently, amid heightened geopolitical tensions.
Relations between the two began to dwindle amid the Covid-19 pandemic, when Australia backed the idea for an independent inquiry into the origins of the virus.
China is one of Australia’s largest trading partners and began to use this against the country down under.
China began to make changes to its trade policies, which was ultimately seen as an attempt to economically punish Australia.
However, new Australian Prime Minister Anthony Albanese is open to dialogue and cooperation.
“I think there is a great deal of goodwill here, certainly from Australia.
I have no reason to think there’s not goodwill on the Chinese side as well.”
Anthony albanese told reporters
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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