Among them was the ratification of the Japan Australia Economic Partnership Agreement, which created new opportunities for Australian businesses in Japan.
He was a tireless champion for the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership, which has brought huge benefits to Australia.
He elevated our bilateral relationship to a special strategic partnership. Under his longstanding advocacy, the closer links between the two nations we have, increased defence cooperation including through the recently signed reciprocal access agreement.
Mr Abe understood instinctively the values that Australia and Japan share of democracy and human rights and the shared interest we have in bolstering the global rules-based order.
His vision transcended political cycles. It was eight years ago yesterday – the 8 July 2014 that he addressed both houses of the Australian parliament. An historic address.
Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal.
In response, the chair of Twitter’s board, Bret Taylor, tweeted that the board is “committed to closing the transaction on the price and terms agreed upon” with Musk and “plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.”
The trial court in Delaware frequently handles business disputes among the many corporations, including Twitter, that are incorporated there.
Former President Donald Trump weighed in on his own social platform, Truth Social: “THE TWITTER DEAL IS DEAD, LONG LIVE THE ‘TRUTH’”. Musk said in May that he would allow Trump, who was banned from Twitter following the Jan. 6, 2021, riot at the U.S. Capitol, back onto the platform.
Much of the drama surrounding the deal has played out on Twitter, with Musk — who has more than 100 million followers — lamenting that the company was failing to live up to its potential as a platform for free speech.
On Friday, shares of Twitter fell 5% to $36.81, well below the $54.20 that Musk agreed to pay. Shares of Tesla, meanwhile, climbed 2.5% to $752.29. After the market closed and Musk’s letter was published, Twitter’s stock continued to decline while Tesla climbed higher.
“This is a disaster scenario for Twitter and its board,” Wedbush analyst Dan Ives wrote in a note to investors. He predicted a long court fight by Twitter to either restore the deal or get the $1 billion breakup fee.
On Thursday, Twitter sought to shed more light on how it counts spam accounts in a briefing with journalists and company executives. Twitter said it removes 1 million spam accounts each day. The accounts represent well below 5% of its active user base each quarter.
The likely unraveling of the acquisition was just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms, and it may portend a titanic legal battle ahead.
Twitter could have pushed for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.
In a letter to Twitter’s board, Musk lawyer Mike Ringler complained that his client had for nearly two months sought data to judge the prevalence of “fake or spam” accounts on the social media platform.
He spoke frankly about the horrors of the second world war and conveyed with the greatest sincerity condolences towards the many who lost their lives. Four years later, in 2018, he was the first Japanese leader to visit Darwin and to lay a memorial wreath while he was there.
Mr Abe was a great statesman who made a difference. His vision of a free and open Indo-Pacific has a profound effect on regional and global security and informing the Quad.