In this Global Outlook episode, we look at the Israeli election results, China's latest Antarctic base, COSCO shipping and recent purges, the US mid-terms, and Austal's US operations.
We open with a quick look at a few topics to be keeping an eye on, including:
- Israel where Netanyahu failed to obtain a majority and negotiations are in progress to establish a coalition with sufficient seats and a new leader.
- China's new base in Australia's Antarctic territory is within 100k of an Australian base and will have a 4,000 metre runway.
- The USA has concerns about China Ocean Shipping Company (COSCO) concealing SIGINT equipment on their cargo ships.
- Xi Jinping's latest purge of China's Central Committee and Central Military Commission.
We then discuss the US mid-terms and the likely impacts on the geopolitical situation given the powers still maintained by the president, the possibility that Secretary Hegseth could be removed, and the likelihood that the administration's attention will turn to global matters rather than internal issues.
We wrap up by looking at the news that Austal may be forced out of the USA following recent developments and the Trump administration's support for Hanwha's purchase of Austal USA. The Australian government appears to not be raising any concerns about this likely due to lack of leverage thanks to AUKUS and our lack of industry, as noted by the statistics that will be revealed in the December/January issue of ADM.
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