Australia's Economic Dependence and the Plan for Self-Sufficiency

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Exploring strategies to reduce reliance on import-export partnerships by investing in the National Reconstruction Fund to bolster local industries like renewable energy, medicines, defense, agriculture, and mining in a bid for self-sufficiency and global competitiveness.

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions.

Mentioned in this podcast:

OpenAI and Meta ready new AI models capable of ‘reasoning’

Ecuador’s president displays strongman credentials with Mexico embassy raid

Big investors buy European bonds over US as economies diverge

‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.