Tag: International

Yellen Reassures US on Global Economy, Banking System

U.S. Treasury Secretary Janet Yellen attempted to reassure Americans about the state of the global economy at a press conference on Tuesday. While acknowledging the possibility of an economic downturn, she said she did not anticipate one and believes that the U.S. banking system remains strong. “I’ve not really seen evidence at this stage suggesting a…


Washington Braces for Diplomatic Fallout Amid Fears of Further Intel Leaks

U.S. federal agencies are scrambling to contain the diplomatic fallout after scores of classified documents pertaining to Ukraine—and other U.S. allies—were leaked online by as-yet-unknown actors. “U.S. officials across the interagency are engaging with allies and partners at high levels over this,” State Department spokesman Vedant Patel said at an April 10 press briefing. According…


IMF Warns Risks to Global Financial Stability Have Risen ‘Rapidly’

The risks to global financial stability have risen “rapidly” since the International Monetary Fund’s (IMF) previous assessment in October, the organization wrote in a new report. In the latest Global Financial Stability report, IMF economists wrote that there is a “perilous combination of vulnerabilities” in financial markets as institutions failed to properly prepare for a…


IMF Raises Russian GDP Estimates for 2023

The International Monetary Fund (IMF) upwardly revised its GDP estimates for Russia in 2023, despite ongoing sanctions against the country by the United States. A report released Tuesday predicts Russian GDP will increase by 0.7 percent, a slightly more positive outlook than that of the organization’s January report and a significant improvement since the October…


Australian and UK Politicians Call on the US to Drop Julian Assange’s Extradition

Politicians from Australia and the UK, from all political leanings, have asked U.S. Attorney-General Merrick Garland to end all extradition attempts for WikiLeaks founder Julian Assange. In an open letter, 48 Australian parliamentarians from the government, opposition, and crossbench said extradition would set a “dangerous precedent” for freedom of the press and be “needlessly damaging”…


Criticism Over French President’s Comments on US and Taiwan Continues

French President Emmanuel Macron has again been castigated for comments he made following a diplomatic visit to China, where he urged Europe to pursue strategic autonomy and resist becoming American vassal states. Australian Senator Simon Birmingham, the shadow minister for Foreign Affairs, said that Macron’s comments were unbecoming of a country like France that stood…


French President Panned for Warning Europe Against Becoming US Vassal

French President Emmanuel Macron has again been castigated for comments he made following a diplomatic visit to China, where he urged Europe to pursue strategic autonomy and resist becoming American “vassals.” Australian Senator Simon Birmingham, the shadow minister for Foreign Affairs, said that Macron’s comments were unbecoming of a country like France that stood for…


Voicing ‘No’ to Embedding Race Politics into the Australian Constitution

Commentary The Liberal Party, on April 5, decided to oppose Labor’s push to entrench The Voice in the Australian Constitution. The Opposition Leader, Peter Dutton, told reporters that the Voice is “divisive, and it’s not going to deliver the outcomes to people on the ground.” Instead, the Coalition favours regional bodies to enhance effective communication…


Blinken to Travel to UK, Ireland, Vietnam, Japan This Week: State Department

WASHINGTON—Secretary of State Antony Blinken plans to accompany President Joe Biden on his visit to the United Kingdom and Ireland this week before traveling to Vietnam and Japan, the State Department said on Monday. Biden will visit the UK and Ireland from Tuesday to Friday. Blinken will go on to Hanoi, where he will hold…


ABC Defends Coverage of ‘The Voice’ Debate

The Australian Broadcasting Corporation (ABC) has stood by an interview it conducted with Indigenous leader Noel Pearson following the federal opposition’s decision not to back the Indigenous Voice to Parliament. On April 5, opposition leader Peter Dutton announced that MPs of the centre-right Liberal Party voted “overwhelmingly” to not to support The Voice. Sometime this…