Former Deputy Prime Minister John Anderson has spoken out against the over-simplification of debate on climate change and China—and the struggles of young people with understanding these issues—during the recently concluded 2022 Australian federal election. The election of so many left-wing Greens and “teal” independents reflected a strong interest from affluent and younger voters in…
Younger Voters Given No Chance to Understand Climate Change Debate: Former Deputy PM
May 23, 2022
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Asia & PacificAustraliaaustralian federal electionAustralian federal election 2022Business & Economyclimate changeeconomic policiesInternationalJohn AndersonWorld
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Biden Wraps Visit to South Korea, Highlights Hyundai’s Major US Investment Pledge
May 23, 2022
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Asia & PacificbidenBusiness & EconomyCompanieseconomyEDSCGExecutive BranchGeorgiaHyundaiInvestmentIPEFPolicies & ImpactsPoliticssemiconductorSouth KoreaUSWorldYoon Suk-yeol
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President Joe Biden wrapped up his South Korea visit by highlighting Hyundai Motor’s pledge to invest at least $10 billion in electric vehicles and related technologies in the United States. The three-day Biden-Yoon summit tended to various business and security interests, from supply chains to North Korea. On Sunday, May 22, the last day of…
Australian Share Performance Improves As Labor Gets Closer to A Majority Government
Australian shares edged higher on the morning of May 23 after election results showed that the centre-left Labor party was getting closer to achieving the 76 seats needed to form a majority government. As of noon on May 23, the benchmark S&P/ASX 200 stood at 7,165.4, representing a gain of 19.8 points or 0.28 percent….
Australian Treasurer Formally Concedes Electoral Seat of Kooyong
May 23, 2022
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Asia & PacificAustraliaBusiness & Economyclimate changeeconomic policiesInternationaljosh frydenbergWorld
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Former Federal Treasurer Josh Frydenberg has conceded his seat of Kooyong in east Melbourne after a tightly fought contest with climate-focused “teal” independent candidate Monique Ryan. Kooyong was formally considered a safe, blue-ribbon seat for the now-defeated Coalition, once held by centre-right Liberal Party founder Sir Robert Menzies. The electorate fell after a concerted, grassroots…
Biden Slights Taiwan—and Suffering US Consumers
Less than two weeks ago, delivering a much-ballyhooed speech from the fake White House “game show set” across the street from the actual White House, with its digital projections masquerading as windows looking out into the Rose Garden and dozens of rectangular quartz/LED lights hanging from the ceiling, President Joe Biden said, “I want every…
LIVE UPDATES: Ukraine Rejects Concessions as Russia Attacks in East and South
The latest on the Russia–Ukraine crisis, May 22. Click here for updates from May 21. ___ Ukraine Rejects Concessions to Russia Ukraine ruled out a ceasefire or any territorial concessions to Moscow as Russia stepped up its attack in the eastern and southern parts of the country, pounding the Donbas and Mykolaiv regions with air…
LIVE UPDATES: Russia Presses Donbas Attacks
The latest on the Russia–Ukraine crisis, May 22. Click here for updates from May 21. Russia Presses Donbas Attacks Russia pressed its offensive in eastern Ukraine on Sunday as Poland’s president traveled to Kyiv. Duda said that to end the conflict, Ukraine did not need to submit to conditions given by Russian President Vladimir Putin….
LIVE UPDATES: Ukraine, Poland Agree on Joint Customs Control to Ease Movement of People, Goods
The latest on the Russia–Ukraine crisis, May 22. Click here for updates from May 21. Ukraine, Poland Agree on Joint Customs Control Ukraine and Poland agreed on Sunday to establish a joint border customs control and work on a shared railway company to ease the movement of people and increase Ukraine’s export potential. Ukrainian President…
As China’s Sales Slump, Luxury Industry Looks to US Market
May 22, 2022
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Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChina economyCompanieseconomyInternationalInvestmentluxury goodsMarketsU.S. marketUSUS NewsWorld
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Affected by the COVID-19 lockdown measures, sales of luxury goods in the Chinese market have suffered significant setbacks. Global luxury industry leaders said recently that the booming U.S. market and emerging markets have the potential to help offset the negative impact of the Chinese market. Before the outbreak of the CCP (Chinese Communist Party) virus…
UK Ministers Voice Opposition to Windfall Tax
Two Cabinet ministers on Saturday voiced their opposition to imposing a one-off windfall tax on the profit of oil and gas companies to help address the cost-of-living crisis. Ministers have so far resisted the push from Labour and the Liberal Democrats to introduce the levy, which would add another 10 percent to the corporation tax…
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