WFH gets political ASX confuses its TPGs
Listen to the full conversation below, or download the podcast from Apple, Spotify, or wherever you get your podcasts. New episodes of the Chanticleer podcast are available every Friday at 5pm AEDT.
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ABC News
2 hours ago
- ABC News
Defence and trade top of the agenda for Anthony Albanese's meeting in Queenstown
Defence and trade are expected to be at the centre of discussions between Prime Minister Anthony Albanese and his Kiwi counterpart Christopher Luxon when the pair meet in Queenstown on Saturday. How the two nations continue to respond to the humanitarian crisis in Gaza and the question of recognising a Palestinian state are also likely to be discussed, after both leaders spoke with French President Emmanuel Macron about the issue this week. Neither Australia nor New Zealand have set a timeline for recognising a Palestinian state, despite other like-minded countries including France, Canada and the United Kingdom all signalling they would do so at a United Nations meeting next month. Mr Albanese on Thursday flagged that would be among the issues discussed. "No doubt as well, our cooperation on international issues, including … we have released a number of joint statements together with other like-minded countries on the Middle East, for example," he told reporters. Talks between Australia and New Zealand are held annually, with the countries taking turns to host visits. Outside of that, the two leaders have met on the sidelines of several summits, making this their seventh meeting. Jennifer Parker, a defence analyst at the Australian National University, said defence would again be a central discussion point, including procurement. She speculated New Zealand might follow Australia's decision this week to award a major contract to Japan's Mitsubishi Heavy Industries to build new warships. "I think New Zealand is highly likely to, so long as they're not priced out of the market, make the decision to also acquire the Mogami frigate," she said. "Their two ANZAC-class frigates … are having the same problem that ours do. They're old, they're overused and they need to be replaced." Ms Parker said the pair was also likely to discuss defence spending, given the global push, particularly from the United States, to increase it — although she said that might be done privately to avoid further questions on Australia's spend. New Zealand has vowed to boost its spend to about 2 per cent of GDP within eight years, while Australia's forecast is about 2.33 per cent, a much higher dollar figure given the size of the economies. The analyst also hoped the pair would discuss their "increasing alignment" on China's behaviour in the region and the changes in the United States. Prior to the visit, Mr Luxon released a statement highlighting the strength of the alliance. "In today's uncertain world, one certainty is that the Australia-New Zealand relationship is the bedrock as we look out into the world," he said. Mr Albanese struck a similar tone. "As neighbours, friends and family, the bonds between our countries, our economies, and our communities are unmatched," he said in a statement. As well as formal bilateral talks, Mr Albanese — who will be joined by his partner Jodie Haydon — is expected to meet with business leaders, attend an ANZAC memorial service and get a glimpse of nature. Ahead of the meeting, both leaders also highlighted their desire to boost economic ties. "With two-way trade of $32 billion, I look forward to discussing what more we can do as we tackle economic challenges on both sides of the Tasman," Mr Luxon said. Mr Albanese said he looked forward to discussing how the nations could "work together to build on our Single Economic Market, modernise the rules-based trading system, deepen our alliance, and back our Pacific partners". While both leaders have emphasised the long and close friendship between the countries, disagreements have emerged at previous meetings — including under other leaders — particularly over Australia's policy to deport Kiwi criminals, even if they have spent the vast majority of their life in Australia.
AU Financial Review
4 hours ago
- AU Financial Review
S&P 500 poised for its best week since June
US stocks powered higher in their final session of the week, bolstered by strong corporate results and hopes for a US-Russia agreement to end the fighting in Ukraine. The S&P 500 rose 0.8 per cent, heading toward its best week since June and another record close. Apple leapt another 4 per cent, extending its three-day rally to more than 14 per cent.
AU Financial Review
14 hours ago
- AU Financial Review
WFH gets political ASX confuses its TPGs
This week on the Chanticleer podcast, James and Anthony explain why the new work from home debate hides a bigger battle between bosses and workers, ask why the government is using your money to buy into a struggling lithium miner and go inside the market's fat-finger moment. Listen to the full conversation below, or download the podcast from Apple, Spotify, or wherever you get your podcasts. New episodes of the Chanticleer podcast are available every Friday at 5pm AEDT.
