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Australia’s defence minister says no to U.S. subs down under

Published

3 years ago

December 7, 2022

Australia’s defence minister says no to permanently basing U.S. subs down under, welcomes greater military presence

Australia’s Defence Minister Richard Marles has welcomed greater U.S. military presence in the nation, but has ruled out the possibility of having a permanent home for American submarines.

Marles is in Washington, meeting with his U.S. counterpart, Defence Secretary, Lloyd Austin.

Earlier, Marles made a visit to a nuclear submarine manufacturing yard in New England.

It follows speculation the Australian government may have been considering allowing some American subs to have a permanent home down under.

But the defence minister has ruled out this proposition.

He says while America’s naval presence in Australia has been growing, “home porting” takes it a step further. He says this is not a position the government wants to be in at this stage.

“The trajectory of the American presence in Australia has been growing … and that’s what we would anticipate,” Marles told The Herald Sun

It comes as the two nations seek to increase their defence relationship and enhance their forces.

It’s expected Australia will soon face a so-called “capability gap” after the current fleet of Collins-powered subs is retired. The country will then have to wait for the arrival of nuclear-powered vessels.

The defence minister’s visit to Washington comes ahead of the Albanese government’s first AUSMIN defence and foreign policy talks with American officials.

Additionally, Marles and his UK and U.S. counterparts will also hold their first AUKUS trilateral meeting.

Here, details about Australia’s path to acquire nuclear-powered submarines of its own are likely to be finalised, but they will be kept secret until next year.

News

SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Published

1 day ago

December 12, 2025

Harvey Vargas

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech

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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Published

1 day ago

December 12, 2025

Harvey Vargas

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates

News

Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Published

1 day ago

December 12, 2025

Harvey Vargas

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.

The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.

Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.

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