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China

Today

Prime Minister Anthony Albanese and President of the Philippines Ferdinand R Marcos Jr.

Philippines partners Australia on peace, stability and success in Asia

President Marcos’s speech is in keeping with the tightening network of Asian nations who are keen to keep the US engaged and are suspicious of Beijing’s intentions.

  • The AFR View
Home Afairs Minister Clare O’Neil.

‘Keeps me up at night’: How Australia’s government sees hacker threat

Home affairs Minister Clare O’Neil has warned of a growing threat of cyber sabotage to Australian power, telecommunications, health and water infrastructure.

  • Nick Bonyhady
Vladimir Putin and Xi Jinping in Beijing this month.

Leaked Russian military files reveal its nuclear strike rules

Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power, according to leaked Russian military files that include training scenarios for an invasion by China.

  • Max Seddon and Chris Cook

Yesterday

NA

Australia’s defence plans are a charade

The announcement on Australia’s new ships doesn’t pass the pub test. Like its predecessors, this government isn’t serious about the threat it consistently talks about.

  • James Curran
Bob Sternfels told a congressional hearing that the firm had never worked for the Chinese central government.

McKinsey ‘advised Chinese agencies’ in row over Beijing work

The consultancy giant, facing calls to be barred from winning US contracts, said claims it had advised the central Chinese government were “inaccurate”.

  • Stephen Foley, Ryan McMorrow and Demetri Sevastopulo
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This Month

Buying growth on credit and using state subsidies can boost growth temporarily, but there comes a payback time.

Optimists about China bouncing back are just hoping

The problem is that China isn’t just another member of the global community and bad economic policy is not punished at the ballot box.

  • Adrian Blundell-Wignall
US tech companies are getting older and larger and sucking the life out of other stocks.

AI mania tells a tale of two bull markets

While the US rise in share prices is all about tech, India’s boom is more broad-based.

  • Ruchir Sharma
BHP’s Nickel West mine in WA.

Reality check for critical minerals, and for Canberra

Australia’s critical minerals ambitions have hit the ground as prices collapse. As nickel and lithium miners head to Canberra seeking help, the Albanese government is trying to figure out what, if anything, it should do.

  • Jennifer Hewett
Top Republican lawmakers have called for McKinsey to be banned from securing federal contracts.

Call to ban McKinsey from US government contracts for China work

Top Republicans have called for McKinsey to be banned from securing US federal contracts after a think tank led by the firm gave policy recommendations to Beijing.

  • Demetri Sevastopulo and Stephen Foley

House prices rebound in global turning point

Across the 37 industrialised OECD countries, nominal house prices grew 2.1 per cent in the third quarter of 2023.

  • Valentina Romei
Paul Keating at 80: never really understood the Indo-Pacific region.

Keating’s quaint defence of Australia doesn’t grasp regional power politics

Labor has put aside two absurd features of the Keating era: a defence policy designed to deal with direct invasion and the diminution of our US alliance

  • Alexander Downer
Russia invaded Ukraine two years ago, and the bombs are still falling.

The sad reality is that Ukraine is outgunned and outmanned

Strategic analysts were adamant either that Ukraine would fall or Russia would buckle. Two years later, neither has happened.

  • James Curran
US Secretary of State Antony Blinken  and Prime Minister Anthony Albanese embrace. But will the love always be there?

What’s Plan B if America never goes back to normal?

Paul Keating has once again asked whether the US alliance shapes Australia’s view of the world more than it should.

  • Bec Strating
Nvidia may be an American company, but its highest-powered chips are exclusively made in Taiwan, making the entire AI industry dangerously exposed to the threat of Chinese invasion.

Good luck catching up to Nvidia

The world’s most valuable chip company is now working on its next next-generation AI chip and rival tech companies will have a tough time keeping up.

  • The Lex Column
A giraffe at Murchison Falls National Park in northwestern Uganda on Jan. 13, 2023.

There may be millions more species than we realise

As DNA testing creates new ways of defining species, scientists can’t agree on how many there are.

  • Carl Zimmer
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Artist’s impression of Navantia’s Tasman class warship, a Tier 2 corvette or light frigate.

Bold navy plan needs backing with hard cash

Australia reaped a resources bonanza from China’s rise as the workshop to the world. Now some of that needs to be redirected as a national security insurance premium.

  • The AFR View
Taiwanese soldiers take part in drills at the army defence command base in Taitung in southern Taiwan.

US support for Taiwan ‘rock solid’ even if Trump wins

Visiting US legislators reassured Taiwan that the United States would stand by it in the face of pressure from China, regardless of who won the US election.

  • Ben Blanchard
A person photographs an electronic stock board showing Japan’s Nikkei 225 index surging to an all-time high.

Japan’s sharemarket hits record high after 34-year wait

The milestone was powered by foreign investors who are encouraged by the corporate-governance changes and are piling into the country as China’s lure fades.

  • Leo Lewis
Lovisa’s global store rollout has slowed, but it paid a hefty interim dividend keeping shareholders happy.

Shares in Lovisa, Universal Store jump as dividends rise

The two retailers reported softer like-for-like sales but were bullish in their outlook, boosting returns for shareholders.

  • Updated
  • Carrie LaFrenz

Nvidia proves it’s the weapons dealer for the AI age

Nvidia’s shares surged in extended trading after its latest results and its next quarter revenue outlook exceeded Wall Street’s already high expectations.

  • Updated
  • Nick Bonyhady