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US ambassador Caroline Kennedy tells the AFR Business Summit that AUKUS the tip of the iceberg

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AUKUS represents the tip of the iceberg for partnerships between Australia and the US, USEmbAustralia's Caroline Kennedy says. Follow updates here:

Before turning to US ambassador to Australia Caroline Kennedy here’s another post from Future Fund chairman Peter Costello from this morning’s panel.

Costello, Nine Entertainment chairman and former treasurer, said Chinese equities made up about 40 per cent of the Future Fund’s exposure to emerging markets, but raised concerns they could be compromised by technology export bans. “Now what worries us is that as this decoupling goes on, the US Commerce Department and the Bureau of Industry and Security is announcing various Chinese companies that you can’t export high-tech equipment to. There’s no ban on investment in these companies – they’re their export bans.

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AFR Business Summit updates LIVE: PM Anthony Albanese says business ahead of government ‘in so many areas’Anthony Albanese says country must not ignore warnings of pandemic; BHP chief executive Mike Henry warns Australia has lost its competitiveness, needs to attract more capital talent. Follow updates here. How can Australia have lost our competitiveness? We dig holes and buy houses and we’re the best at that in the world!!! We’ve got the biggest holes and most expensive houses in the world!!!
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