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Trump to make major Russia address Monday
Friday, President Donald Trump dialed into NBC to say he's cooking up a major statement on Russia for Monday. He didn't hold back on Putin's recent missile and drone strikes on Kyiv and said he's ready to unleash Senator Lindsey Graham's tough new sanctions bill whenever he sees fit. He also let slip a neat little trick: the U.S. will send weapons to NATO, NATO will pick up the tab, and then funnel those arms straight to Ukraine. It keeps Washington from footing the entire bill directly but still gets critical gearair-defense systems, artillery shells and the likeinto Ukrainian hands faster. All of this comes on the heels of Marco Rubio sitting down with Russia's Sergei Lavrov at the ASEAN summit. With tensions rising on the ground, Monday's announcement could reshape how the U.S. and its allies back Kyiv going forward. That's likely to be a jolt or potentially positive move for the stock market, that's been mostly choppy this year. However, of late, the investor enthusiam has recovered, with S&P 500 racking up record highs. This article first appeared on GuruFocus.
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Australia PM Albanese kicks off China visit focused on trade
BEIJING (AP) — Australian Prime Minister Anthony Albanese kicked off a visit to China this weekend meant to shore up trade relations between the two countries. Albanese met with Shanghai Party Secretary Chen Jining on Sunday, the first in a series of high-level exchanges that will include meetings with Chinese President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji of the National People's Congress. Albanese is leading 'a very large business delegation' to China, which speaks to the importance of the economic relations between Australia and China, he told Chinese state broadcaster CGTN upon his arrival in Shanghai Saturday. During a weeklong trip, Albanese is set to meet business, tourism and sport representatives in Shanghai and Chengdu including a CEO roundtable Tuesday in Beijing, his office said. It is Albanese's second visit to China since his center-left Labor Party government was first elected in 2022. The party was reelected in May with an increased majority. Albanese has managed to persuade Beijing to remove a series of official and unofficial trade barriers introduced under the previous conservative government that cost Australian exporters more than 20 billion Australian dollars ($13 billion) a year. Beijing severed communications with the previous administration over issues including Australia's calls for an independent inquiry into the origins of and responses to COVID-19. But Albanese wants to reduce Australia's economic dependence on China, a free trade partner. 'My government has worked very hard to diversify trade … and to increase our relationships with other countries in the region, including India and Indonesia and the ASEAN countries,' Albanese said before his visit, referring to the 10-member Association of Southeast Asian Nations. 'But the relationship with China is an important one, as is our relationships when it comes to exports with the north Asian economies of South Korea and Japan,' he added. Chinese state-run Xinhua News Agency, in an editorial Sunday, described China's relationship with Australia as 'steadily improving' and undergoing 'fresh momentum.' 'There are no fundamental conflicts of interest between China and Australia,' the editorial stated. 'By managing differences through mutual respect and focusing on shared interests, the two sides can achieve common prosperity and benefit.' The Associated Press
Washington Post
25 minutes ago
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Australia PM Albanese kicks off China visit focused on trade
BEIJING — Australian Prime Minister Anthony Albanese kicked off a visit to China this weekend meant to shore up trade relations between the two countries. Albanese met with Shanghai Party Secretary Chen Jining on Sunday, the first in a series of high-level exchanges that will include meetings with Chinese President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji of the National People's Congress.
