FirstFT: US announces new trilateral security pact to counter China

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United States New Trilateral Security Partnership Together with London and Canberra, it will allow Australia to build a fleet of nuclear submarines and strengthen the capabilities of its allies against China.

President Joe Biden aims to strengthen the alliance at a virtual event between British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison amid heightened tensions with China over the conflict from the South China Sea to Taiwan. Announced the efforts.

Biden said the initiative, including the submarine program, is a rhetoric that appears to be aimed at Beijing and is needed to ensure that countries have the best technology to “protect themselves from rapidly evolving threats.” rice field.

“Our country … We have literally stood side by side for over 100 years,” Biden said. “Today we have taken another historic step to deepen and formalize cooperation .. .. It is imperative that we all ensure peace and stability in the Indo-Pacific. Because we are aware of

  • Related article: As the West stepped up its efforts to counter China, the EU New infrastructure program It is comparable to the Belt and Road Initiative.

Thank you for reading FirstFT Asia.This is the rest of today’s news — Emily

5 more stories in the news

1. Ganny’s escape upset the last ditch deal with the Taliban, says the U.S. envoy Afghan President Ashraf Ghani decides to flee the country last month Crushed the last-minute transaction A US diplomat in charge of meeting with the Taliban, along with the Taliban designed to keep Kabul out of the hands of Islamists and negotiate a political transition, said.

2.2. Dario warns regulators could “kill” Bitcoin Ray Dalio, the founder of Bridgewater Associates, said regulators Shut down bitcoin If the cryptocurrency is so successful that it rejects ArkInvest’s Cathie Wood’s prediction that its price will increase tenfold within five years.

3. North Korea exposes Biden to trials North Korea fired Two ballistic missiles, The South Korean army reported yesterday. Testing will take place just three days after Pyongyang claims to have successfully tested a new long-range cruise missile. International weapons experts are also tracking “interesting” new moves at North Korean naval bases, which may be related to submarine development programs.

4. Casino stocks are declining as Macau wants greater surveillance Macau government Drive for enhanced monitoring The number of casinos has wiped more than $ 20 billion from the market value of listed gambling operators as analysts warned that strict regulations could put pressure on margins already tense due to the Covid-19 pandemic. ..

5. Chinese ambassador to the UK banned from events in the Parliament Sir Lindsay Hoyle, Chairman of the Commons, and Sir John McFall, Chairman of the House of Councilors, are both Prevention of Chungzawa light He stopped joining parliament in widespread anger over human rights abuses in China.

Coronavirus digest

  • ChinaEconomic slowdown Deteriorated in august The outbreak of the coronavirus has exposed the protracted weaknesses of personal consumption and raised great questions about the country’s growth prospects.

  • Pfizer He said he plans to apply in November U.S. approval Of its Covid-19 vaccine for children 6 months to 5 years.But protection from that vaccine Decline in 6-8 months After the second dose, new data will be shown.

  • Vaccinated travelers enter England Be eligible Lighter test requirements..

  • NS England Participated in 9 other countries including France When Israel, Under announcement Booster Jab Campaign..

The day before

Shanghai Cooperation Organization Annual Summit NS Hybrid rally in DushanbeChaired by President Emomali Rahmon of Tajikistan, the capital of Tajikistan. Foreign ministers from China, Russia, Iran and Pakistan are expected to attend the meeting, and Indian Prime Minister Narendra Modi will effectively lead his country’s delegation. (Week India)

New Zealand’s second quarter GDP Analysts say Q2 growth Accelerate to 16.3% year-on-year According to a Bloomberg survey, when the second quarter growth rate was announced today. (DFX)

John Lewis Partnership Interim Results British middle class, whether John Lewis is keen to keep the story away closed — We have closed 16 department stores in the last 18 months — so stay tuned for the latest information on real estate, horticulture and financial services ventures, along with today’s interim results.

What else are you reading

The rise of decentralized finance raises the fear of “dirty money” Regulators have long been worried about the secrets of crypto trading. Today, they fear that new blockchain technology will make it easier for criminals and thieves to move money within the global financial system. These anxieties Decentralized finance or DeFi growth — A business that currently has tens of billions of dollars in assets.

Singapore marks the end of a more liberal era in higher education Yale-National University of Singapore, the first liberal arts college in the city-state, announced last month that it would end its partnership amid rising anti-foreign sentiment. Mercedes Ruehl writes..

“It’s real!”: Nicola shows off the first viable electric truck Nikola CEO Mark Russell is the first since the group was accused of fraud by a shortseller last year and found to have rolled one of its prototypes on a hill to forge it. Presented a viable product To the World — A white sturdy Tre electric truck manufactured by the Italian manufacturer Iveco.

China’s cosmetic surgery industry rebuilt Since the beginning of July, despite the popularity of cosmetics, the market value of the country’s three largest listed medical and beauty companies has fallen by a third.Or shift Investor sentiment comes as state media intensifies industry criticism for promoting the idolization of physical appearances — and some young people welcome the calculation.

How to Achieve Financial Literacy Patrick Jenkins, Deputy Editor-in-Chief of the Financial Times, FT’s Financial Literacy and Inclusion Campaign Charity (FLIC) Recent weekend FT festival.. The launch has elicited hundreds of messages of support from readers, including Courtney Love.Read what the rock star had to say about the campaign here..

Book

List of 6 Powerful Booker Prize Candidates of the Year Announced Includes debut novelist Patricia Lockwood in satire on social media. No one is talking about this, The story of the Damon Gargut clan unfolds against the backdrop of apartheid in South Africa. The winner will be announced on November 3rd.

  • Business book: catch up Recommended list The title of the best business book of the month, including a new memoir from former PepsiCo CEO Indra Nooyi.

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