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Australians in France working on scrapped subs deal fearing for their safety

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Local anger is growing in France towards Australians, with fears there will be hundreds of job losses at the construction company where the subs were being made

This all follows Australia defending its decision to scrap a multi-billion dollar deal with France and secure a new security pact with the US & UK

French officials are calling out Australia for going back on the deal… saying the new alliance has led to a “serious crisis” between the allies.

Around 600 local jobs are expected to be impacted as a result of the cancellation… and Australia’s Defence ministry says 33 Australians currently remain on the ground in France.

Meanwhile, France has also recalled its ambassadors from both the United States and Australia in protest of the decision.

The AUKUS alliance will see Australia receive the technology required from America to build state-of-the-art nuclear-powered submarines.

This comes as China’s influence over the hotly-contested South China Sea continues to remain a concern for western nations.

Meanwhile, Australia’s Prime Minister Scott Morrison says he understands the disappointment France is experiencing… but he has always been clear about Australia’s position.

Morrison believes the French government “would have had every reason to know that we had deep and grave concerns”.

Morrison believes the French government “would have had every reason to know that we had deep and grave concerns”.

“Ultimately this was a decision about whether the submarines that were being built, at great cost to the Australian taxpayer, we’re going to be able to do a job that we needed it to do”.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Leaders

Trump does not want another debate rematch with Harris

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Republican nominee Donald Trump said on he would not participate in another presidential debate against Kamala Harris ahead of the Nov. 5 election.

“THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social.

Although Trump touted his performance on Tuesday against Harris, six Republican donors and three Trump advisers believe Harris had won the debate largely because Trump was unable to stay on message, according to a report by Reuters. #featured #trending

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News

Billionaire & engineer make history after world’s first private space mission

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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Money

What to expect for IPO markets

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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