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Is AUKUS an awkward name for a hawkish problem?

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AUKUS remains the cornerstone for Australia, U.S., and British security in the Indo-Pacific region

 
AUKUS may be an awkward name but this security pact has become the cornerstone for the U.S., Britain and Australia’s Indo-Pacific strategy.

However, like all trios, there are always competing priorities.

The alliance centres around efforts to support Australia acquiring conventionally armed, nuclear-powered submarines.

It is Australia’s largest jump in military capability since the end of World War Two.

Australian taxpayers will be footing the bill for $368 billion in spending over the next 30 years.

Australian Prime Minister Anthony Albanese said the deal strengthens national security in the region.

“The AUKUS agreement we confirm here in San Diego represents the biggest single investment in Australia’s defence capability in all of our history, strengthening Australia’s national security and stability in our region, building a future made in Australia with record investments in skills, jobs and infrastructure, and delivering a superior defence capability into the future.”

The AUKUS partners have remained focussed on equipping Australia with nuclear-powered submarines. However, there have been questions around further scope for engagement.

These areas may include artificial intelligence, quantum computing, cyber tech, and hypersonics.

“We’re simply focused on making sure that (Australia) can get nuclear-powered submarines,”said U.S. National Security Spokesperson John Kirby in an interview with CTV News.

“There really aren’t discussions right now or plans to modify the AUKUS arrangement in the future,” he said.

AUKUS has drawn condemnation from China.

A recent article published in the China Daily, an English-language newspaper owned by the Chinese Communist Party, raised concerns about the so-called “Cold War mentality”.

“If it keeps going like this, the security and stability in the region will be threatened,” wrote Ruan Zongze.

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Markets brace as U.S. government reopens ahead of key Fed signals

U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.

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U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.


The U.S. government is funded through January, averting another shutdown for now, but economic data delays and shifting Fed expectations are keeping traders on edge.

Markets now price in a 64% chance of a December rate cut as officials deliver crucial speeches this week.

#USMarkets #FederalReserve #GovernmentShutdown #InterestRates #USEconomy #WallStreet #Inflation #Treasury #FinanceNews #GlobalMarkets


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Starmer under strain as leadership rumours grow

Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.

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Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.


UK Prime Minister Keir Starmer faces mounting internal pressure amid talk of a leadership challenge and economic strain ahead of the Autumn Budget.

Chancellor Rachel Reeves’ looming tax decisions and Starmer’s sinking approval ratings are fuelling speculation across Westminster.

#UKPolitics #KeirStarmer #LabourParty #RachelReeves #AutumnBudget #LeadershipChallenge #BritishPolitics #Westminster #Economy #UKNews


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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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