Australia has warned international airlines flying between Australian and New Zealand to be cautious of Chinese warships conducting live-fire exercises in the Tasman Sea, according to Foreign Minister Penny Wong. Airservices Australia has informed commercial pilots of the potential hazard in the airspace, leading to several flights being diverted. Australian military ships and planes are monitoring the Chinese warships as they conduct exercises off the Australian east coast, with discussions ongoing regarding notification and transparency around these naval activities.
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Should investors care about ICE raids?
Roula Khalaf, Editor of the FT, shares her favorite stories in a weekly newsletter. Recent research from the Dallas Fed suggests that potential mass deportations under Trump could significantly impact economic growth, with estimated GDP reductions of up to 1.5 percentage points by 2027, highlighting the importance of immigration flows to the labor market. Explain It To Me Like I'm 5: The Dallas Fed's research suggests that Trump's proposed mass deportations could significantly harm the...
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