the global chief partnership. simon baptist is the global chief economist i partnership. simon baptist is the global chief economist atj the global chief economist at the global chief economist at the ir un said australia was never a good target for china to have tensions with. it is never a good target for china to have tensions with.- to have tensions with. it is a sli . ht to have tensions with. it is a slight stabilisation to have tensions with. it is a slight stabilisation peptides| slight stabilisation peptides will remain quite difficult the foreseeable future. this recent incident over the last few years really shows the limit and some ways the lack of sufficient nation of chinese foreign policy. australia was a bad target for china to choose. this was going to side with the us when push comes to shove because of its resource endowment, it has unusually large amounts leverage. push by china on australia hasjust resulted firstly in australia doubling down on divers
grappling with losses in debt since 2019. it was backed by soft bank ofjapan and has reshaped the office sector globally but it has now sought us bankruptcy protection on monday after its bets on companies using more of its coworking space sound. that is just coming out. we should have the latest news on our website and we will bring you more as we get it. that breaking news justin, wework has filed for bankruptcy protection in the united states due to heavy losses that it has been suffering since 2019. let s move on to beijing, where australia s prime minister has met chinese prime minister xi jinping. the leaders have expressed a desire to work together and move on from recent tensions. their relationship soured during the pandemic, after australia s previous government called for an independent intervention into the origins of covid 19. beijing slapped bans on products such as wheat, corn and barley. the tariffs which were only lifted this year. this is the chinese leader.
from the eiu. he says australia was never a good target for china to have tensions with. it’s good target for china to have tensions with. tensions with. it s a slight stabilisation tensions with. it s a slight stabilisation but - tensions with. it s a slight stabilisation but ties - tensions with. it s a slight stabilisation but ties are l stabilisation but ties are going to remain quite difficult. this recent incident between australia and china over the last two years really shows the limits and in some way the lack of sophistication of chinese foreign policy. australia was a bad target for china to choose. it was always going to side with the us when push comes to shove. because of its resource endowments it s got unusually large amounts of leverage. pushed by china on australia hasjust leverage. pushed by china on australia has just resulted firstly in australia doubling down on diversifying its export rays. it s termed public and political opinion in that country f
Raul castro, the president of cuba will also give a News Conference in his country that will happen at noon eastern time. Of course cnn will continue to follow this breaking news throughout the day. Thank you for joining me today, im carol kos toll low. this hour with berman and michaela starts now. Hello, everyone. Im john berman. And. And im michaela pereira. History is being made at this hour after more than a half century of tension and diplomat diplomatic silence between the u. S. Its releasing alan gross from prison after five years. A series of genuinely breathtaking developments. Cuba is also releasing a u. S. Intelligence asset, a spy, whos been locked up in cuba for more than 20 years. In Return Washington is freeing three cuban spies convicted in 2001 of espionage. That is big in and of itself. It all seems part now of something much, much bigger. President obama will announce major changes in u. S. Policy toward cuba. Officials calling them the most sweeping changes since t
apparently the president knew days before this indictment came out, he was warned by the deputy attorney general rod rosenstein that these charges would be coming down. so that is very notable. but i think as we prepare for this meeting between the president and vladimir putin, one of the real key points is something that the president said just yesterday when he said things that are getting in the way of the u.s./russia relationship improving, he wasn t pointing to these kinds of indictments, he wasn t pointing to the wrongdoing that russia has committed, their aggressive actions in ukraine in the middle east. instead, the president pointed to stupidity in american politics. the partisanship surrounding this investigation, one that he has branded a witch hunt. so it is notable to see the blaming lack of improvement in u.s./russia relations on the actions of democrats and this special counsel investigation back in washington. essentially blaming the united states, yeah, as he heads