| TikTok and Meta have lashed out at Australia's government for excluding YouTube from a nationwide digital crackdown, setting the stage for a public battle over one of the toughest social media laws in the democratic world. TikTok described the carve out as a "sweetheart deal" that's "illogical, anti-competitive and short sighted." Australian officials will meet with the Northern Territory this week to discuss the future of the Port of Darwin, currently leased for 99 years to Chinese-owned company Landbridge Group, as concerns remain over foreign ownership of the strategic asset. A large swathe of Australia's east coast is preparing for strong winds and life-threatening flooding from a tropical cyclone that's forecast to make landfall north of the nation's third-largest city as a Category 2 system, either late on Thursday or early Friday. Commonwealth Bank of Australia Chief Executive Officer Matt Comyn said he expects interest rates to be reduced less than what some people are anticipating. It comes as minutes of the RBA's February meeting showed Australia's central bank board expressed caution about future policy easing.  Matt Comyn, chief executive officer of Commonwealth Bank of Australia. Photographer: Brent Lewin/Bloomberg It was a big day at the AFR's Business Summit on Tuesday — Goldman Sachs Chief Executive Officer David Solomon told attendees that he saw a "very small" chance that the US economy tips into a recession, while Blackstone CEO Steve Schwarzman said he was willing to plow more money into investments related to the growth of artificial intelligence. Meanwhile Hostplus boss David Elia expressed skepticism over the potential for deeper regulation of private markets. Colonial First State, one of Australia's largest pension and wealth managers, is seeking to increase its A$28 billion investment in US assets as the industry ramps up its growing offshore exposure. On Bloomberg TV's Australia Ahead, Chief Executive Officer of Superannuation Kelly Power said it was an "open door when you go to the US, in terms of people looking for investment opportunities."  Click here to watch the full interview. Airbus warned that Australia has become overly reliant on Chinese supplies of aviation fuel, calling on the government to kickstart domestic production amid increased tension between Canberra and Beijing. The Australian government is open to requests to take part in peacekeeping operations in Ukraine, Prime Minister Anthony Albanese said, reaffirming his support for Kyiv as it faces growing criticism from the Trump administration. | 
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