Australia concerned about Chinese firm’s involvement in undersea cable project

 

Australia has expressed concern about a plan by a Chinese telecommunications company to provide high-speed Internet to the Solomon Islands, a small Pacific island nation with which Australia shares Internet resources. The company, Huawei Technologies, a private Chinese venture, is one of the world’s leading telecommunications hardware manufacturers. In recent years, however, it has come under scrutiny by Western intelligence agencies, who view it as being too close to the Communist Party of China. Continue reading

US admiral announces F-22 deployment to Australia and warns of South China Sea confrontation

The United States will begin operating Lockheed Martin F-22 Raptor multirole fighters from northern Australia in 2017, Admiral Harry Harris, commander of the US Pacific Command, said in Sydney on 14 December. Continue reading

Martin Armstrong: Global unrest until 2032

(TRUNEWS) Renegade economist Martin Armstrong says America — and the rest of the world — will experience 16 years of civil unrest, not fading until 2032.

Armstrong’s statements were made during an exclusive interview with Rick Wiles of TRUNEWS  on Monday, while sharing his analysis of the war, civil unrest, and business cycles; and the future they predict for the United States.

In addition to four election cycles of civil unrest and social upheaval, Armstrong said economic power will have also shifted from the US to Asia by 2032, seeing an initial shockwave as early as 2018 — and going into full swing by 2020.

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China puts weapons on its new artificial islands

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China has moved weaponry onto artificial islands that it is building in contested areas of the South China Sea, adding to the risks of a confrontation with the United States and its regional security partners including Australia.

Australian officials are concerned that China could also introduce long-range radar, anti-aircraft guns and regular surveillance flights that will enable it to project military power across a maritime expanse which include some of Australia’s busiest trading lanes. Continue reading

China’s Influence Set to Climb as U.S. Thwarted on New Bank

Power VisionChinese President Xi Jinping’s vision of achieving the same great-power status enjoyed by the U.S. received a major boost this month when the U.K., Germany, France and Italy signed on to the Asian Infrastructure Investment Bank. The AIIB will have authorized capital of $100 billion and starting funds of about $50 billion.

Canada is considering joining, which would leave the U.S. and Japan as the only Group of Seven holdouts as they question the institution’s governance and environmental standards. Australian Prime Minister Tony Abbott’s cabinet approved negotiations to join too, according to a government official who asked not to be identified as the decision hasn’t been made public. Continue reading

Two men arrested in Sydney in counter-terrorism operation

A man has been charged after he allegedly was found with documents designed to facilitate a terrorist attack against potential government targets in Sydney, police say.

Sulayman Khalid, 20, from Regents Park in Sydney’s west, faced Parramatta Local Court on Wednesday after he was charged by counter-terrorism police overnight.

A second man was also charged by counter-terrorism police overnight with breaching a control order.  Continue reading

Cardinal George Pell finds hundreds of millions of euros ‘tucked away’ in Vatican accounts

One has to wonder how millions of hidden Euros can just appear out of thin air and pretend it’s a surprise as if the lottery was won, then watch a story come out and spin the corrupted situation as if it’s some sort of blessing they just discovered.

 

The Vatican’s economy minister has said hundreds of millions of euros were found “tucked away” in accounts of various Holy See departments without having appeared in the city-state’s balance sheets.

In an article for Britain’s Catholic Herald Magazine to be published on Friday, Australian Cardinal George Pell wrote that the discovery meant overall Vatican finances were in better shape than previously believed. Continue reading

Australia for sale: Investment bankers cashing in on Tony Abbott’s infrastructure push

You don’t necessarily sell your farm to finance building a road that won’t produce revenue leading back to the very same farm that is now not yours unless times are extremely hard. This compromise of Australian national security is likely a good buying opportunity for the Chinese who would love to purchase more influence in Oceana. The implications of this will span generations — all for a short-term gain.

 

Australian Prime Minister Tony Abbott is turning out to be an investment banker’s best friend.

His center-right government is in the midst of an unprecedented push to build public infrastructure — and to finance the program, regional authorities are busy selling off state assets, creating a boon for bankers just as Australian corporate mergers and acquisitions slow. Banks including Macquarie Group Ltd., Morgan Stanley and UBS AG have been hired to sell everything from ports to electricity grids, data compiled by Bloomberg show.

Advisory fees from the biggest asset sales may reach about $100 million, almost triple the total haul for government-related work last year, estimates Jeffrey Nassof, an analyst at New York-based Freeman & Co. Continue reading