Tag: International

Credit Suisse Shares Crash to Record Low After Emergency Takeover

Credit Suisse shares dove 63 percent in early trading Monday to a new low after it was announced that UBS would buy the troubled bank in a multi-billion-dollar deal backstopped by a Swiss central bank $100 billion emergency credit line. Shares of Credit Suisse clawed back some of the initial losses Monday morning and at…


The Swiss Banking Sector: More Holes than Swiss Cheese

Commentary When someone says Switzerland, you might think of clocks and banks. All because of the country’s reputation for producing a high-quality products in all these areas of endeavour. Well, it’s time to think again as the clock is ticking, if not tocked, on Switzerland’s banking sector. Credit Suisse, which had an enviable reputation as…


No Pledge Made to Assist US If Conflict Over Taiwan Breaks Out, Says Australian Defence Minister

Australia did not make any commitment to the United States in the event of a Taiwan conflict in exchange for access to its Virginia-class nuclear submarines, Defence Minister Richard Marles said. “Absolutely not. And I couldn’t be more unequivocal than that,” Marles told ABC Insiders. Leaders of Australia, the United Kingdom, and the United States…


Women’s Rights Sidelined After Neo-Nazis Hijack Event and Win National Media Attention

The Australian Jewish Association (AJA) has thrown its support behind a women’s rights rally against transgenders in sports after it was hijacked by neo-Nazi protests. The protests, which included less than 15 individuals, became the focus of national media coverage on the weekend, effectively shadowing ongoing concerns around biological men entering women’s spaces and sports….


Queensland Toys With Rent Controls as Homelessness Rises 22 Percent

Landlords in Queensland could be forced to keep rents artificially low as the state government considers ways to deal with its housing crisis. Over 150,000 families were dealing with housing stress in the state, with 100,000 of those eligible for social housing—the current waitlist is 27,000—according to a new report by the Queensland Council of…


Australian Pilots Told Be Alert for Signal Interference From Chinese Military

Australian national airline carrier Qantas has warned its pilots to be wary of radio and Global Positioning System (GPS) interference signals from the Chinese military. In a directive issued on March 16, the airline said it had detected interference signals in the Western Pacific and South China Sea. Qantas said some aircraft were experiencing interference…


Australian Pilots Told to Be Alert for Signal Interference From Chinese Military

Australian national airline carrier Qantas has warned its pilots to be wary of radio and Global Positioning System (GPS) interference signals from the Chinese military. In a directive issued on March 16, the airline said it had detected interference signals in the Western Pacific and South China Sea. Qantas said some aircraft were experiencing interference…


Australia Finally Gets the Defences It Needs as AUKUS Clears Final Hurdles

Commentary The recent AUKUS submarines announcement finally overcomes the political roadblocks that have bedevilled the replacement of Australia’s ageing fleet for more than a decade.  The most significant aspect of the arrangements is the deployment of up to four U.S. Virginia-class submarines and one UK submarine to Australia from 2027. This was the original timeline…


AUKUS Overcomes Obstacles to Protect Our Waters and Combat Hostile Ideologies

Commentary The recent AUKUS submarines announcement finally overcomes the political roadblocks that have bedevilled the replacement of Australia’s ageing fleet for more than a decade.  The most significant aspect of the arrangements is the deployment of up to four U.S. Virginia-class submarines and one UK submarine to Australia from 2027. This was the original timeline…


How the West Abetted Beijing’s Censorship of the Lab Leak Theory

“Debunked.” “Dangerous.” “Unhelpful.” These were some of the terms heaped on the theory that COVID-19 might have spilled from a lab in China, accidentally or not. Suggesting the virus may have been linked to a Chinese lab would swiftly earn one the label of “conspiracy theorist.” That was the case for at least 18 months…