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Speaker 1: Welcome to the Fear and Greed Summer series, brought to

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Speaker 1: you by VANTA specialists in compliance led growth. I'm Michael Thompson,

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Speaker 1: and good morning, Sean Aylmer. Good morning Michael, and good

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Speaker 1: morning Adam Lange.

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Speaker 2: Good morning Michael and Sean.

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Speaker 1: Now, gentlemen, in just five minutes, we are each going

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Speaker 1: to put forward a big story from international news. Really,

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Speaker 1: that's what we're looking for today and global, Yeah, global stories,

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Speaker 1: because we are a global podcast. At the end, we

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Speaker 1: are going to decide which story was the biggest. There

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Speaker 1: is no judge. We decided between between the three of us.

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Speaker 1: So it's kind of like democracy at its very worst.

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Speaker 1: Let me see, Sean, you go first today, I've drawn

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Speaker 1: you out of the hat.

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Speaker 3: More than half the world's population was eligible to vote

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Speaker 3: in a national election this year. I think that's the

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Speaker 3: biggest international story. The US, of course, was the most influential.

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Speaker 3: Three hundred and thirty four million people were eligible to vote.

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Speaker 3: The biggest was India one point four billion people over

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Speaker 3: six weeks. In what I think was a logistical nightmare,

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Speaker 3: we had countries like Indonesia two hundred and seventy seven million,

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Speaker 3: Pakistan's got about two hundred and forty million people, BANGALESQ

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Speaker 3: about one hundred and seventy three million. They all went

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Speaker 3: to the polls. Throw in South Africa, the European Parliament, France,

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Speaker 3: for Lanka, Japan, Portugal, South Korea, Mexico, UK. You know,

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Speaker 3: you get the gist. According to International Idea, seventy four

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Speaker 3: elections were held in twenty twenty four. Voto turnout was

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Speaker 3: about sixty one percent. Now only one in ten countries

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Speaker 3: ten percent actually has compulsory voting, so turnout at sixty

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Speaker 3: one percent is pretty good. Trends. According to Pew Research,

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Speaker 3: toughy if the incumbents think the US think the UK.

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Speaker 3: Trend number two, right wing populism showed some staying power,

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Speaker 3: So countries like France, Austria, Romania, particularly in Europe, right

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Speaker 3: wing populism seems to be hanging around trend number three

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Speaker 3: polarized battles over tradition and change. The US is a

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Speaker 3: great example of that. France was another one where the

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Speaker 3: kind of old style politics versus the new style politics

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Speaker 3: and the final trend more than normal. International conflicts played

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Speaker 3: a role, particularly in Europe because of Russia and Ukraine.

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Speaker 3: Really big story that lasted the whole year Michael.

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Speaker 1: Yeah, and in terms of the number of people that

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Speaker 1: were affected by that, it is a hugely significant story

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Speaker 1: for me. The big story this year, global story is China. Right,

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Speaker 1: So it's all about China, right for Australia, I suppose,

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Speaker 1: at least because Australia's relationship with China has improved hugely,

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Speaker 1: significantly dramatically this year. There's been meetings between ministers, key ministers,

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Speaker 1: even face to face chats between Prime Minister Anthony Albernizi

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Speaker 1: and China's President Jijin Ping. Yes, we still have diplomatic disputes,

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Speaker 1: some big disagreements over big kind of humanitarian issues, but

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Speaker 1: on a trade base, right. The end result of this

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Speaker 1: improving of the relationship between the two countries was that

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Speaker 1: the twenty billion dollars in tariffs that have been imposed

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Speaker 1: on Australia have now all been lifted everything from our

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Speaker 1: wine to our lobsters and everything in between. Actually, there's

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Speaker 1: not a huge amount of ground between wine and lobsters.

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Speaker 1: It's one of other things elsewhere.

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Speaker 3: And I like a lobster being lifted.

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Speaker 1: Yeah, quite a nice image, isn't it. The thing is, though,

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Speaker 1: China's economy is slowing, not helped at all by a

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Speaker 1: massive debt crisis involving property giants in that country. Beijing

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Speaker 1: has this year announced a number of big stimulus measures

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Speaker 1: designed to try and boost its growth.

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Speaker 3: Now these measures, you'd call that stimuli, I think, Michael,

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Speaker 3: did I interrupt you?

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Speaker 1: Sure?

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Speaker 3: But I'm getting a bit bored, So keep going.

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Speaker 1: How can you be bored by this story? This story

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Speaker 1: is so significant because that matters to Australia stays strong

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Speaker 1: because China needs our resources, chiefly iron ore, but coal,

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Speaker 1: everything else that we have to offer China needs it.

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Speaker 1: China is our largest trading partner, the world's second largest economy.

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Speaker 1: A slow down in China is big news all round,

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Speaker 1: and it affects Australia disproportionately. So I got a little

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Speaker 1: bit worked out. My story is only a minute long,

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Speaker 1: and yet you still managed to really get under my skin.

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Speaker 3: Shan, apologies, Adam, your biggest story of the year.

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Speaker 2: Okay, one word Trump. As Sean said, over fifty percent

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Speaker 2: of the world population went to the election polls this year.

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Speaker 2: The USA is the biggest economy in the world, and

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Speaker 2: this year it also gave us the biggest election result

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Speaker 2: on the planet. If self belief was a measure. Donald

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Speaker 2: Trump has always been a world contender, but this year

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Speaker 2: he defied the predictions of many polling companies, if not

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Speaker 2: the gamblers, to see off Joe Biden and then Kamala

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Speaker 2: Harris as the Democratic presidential nominee. Criminal charges, the occasional

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Speaker 2: bending of the truth and spectacular self confidence got the

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Speaker 2: support of the American people and he will become the

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Speaker 2: leader of the free world again. In twenty twenty five.

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Speaker 2: Markets worldwide surged on the back of the result as

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Speaker 2: we attempted to assess what Trump claims were rhetoric and

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Speaker 2: which would become fact. So for me, it's just one word,

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Speaker 2: the biggest international story of the year. Trump.

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Speaker 3: Michael, we've been trumped by Trump.

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Speaker 1: I think we have. And you know what, Unfortunately, I

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Speaker 1: suspect you get second place because yours kind of ties

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Speaker 1: into that as well.

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Speaker 3: Hmmm yeah, but I'm sort of off the coattails. So

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Speaker 3: I think I'm going to give it to you. China

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Speaker 3: Australia relationship probably bigger for we here in Australia than

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Speaker 3: the Bangladeshi election.

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Speaker 1: Oh, I just snatched myself a silver medal. I will

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Speaker 1: take that. Thank you very much, Sean, Thanks Michael, Thank you, Adam,

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Speaker 1: Thank you Michael. Make sure you hit follow on the podcast.

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Speaker 1: This is the Fear and Greed Summer Series, brought to

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Speaker 1: you by vant Van Automates compliance for frameworks like ISO

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Speaker 1: advanta dot com. Slash Fear and Greed. I'm Michael Thompson

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Speaker 1: and this is the Fear and Greed Summer Series