News

Australia invests $12 billion in nuclear submarine facility

Australia allocates $12 billion for nuclear submarine facility in Western Australia, bolstering defense and job creation

Published

4 weeks ago

September 14, 2025

Ahron Young

Australia allocates $12 billion for nuclear submarine facility in Western Australia, bolstering defense and job creation

In Short:
– PM Albanese announced a $12 billion investment to develop Western Australia’s shipbuilding for nuclear submarines under AUKUS.
– The investment will create over 10,000 jobs and support local industries beyond iron ore exports.

Prime Minister Anthony Albanese announced a $12 billion investment to develop Western Australia’s shipbuilding industry, aiming to transform the Henderson shipyard into a facility for constructing and maintaining nuclear-powered submarines under the AUKUS partnership.

It is the largest peacetime defense investment in the region in nearly forty years, reducing dependence on mining exports.The Henderson Defense Precinct will support naval shipbuilding and maintenance for Australia’s future nuclear submarines, enhancing national self-reliance and creating over 10,000 jobs over the next two decades.

International Trade

In parallel, Western Australia Premier Roger Cook is preparing for a trade mission to China and Japan.

The investment signifies efforts to diversify beyond the state’s significant iron ore exports, which total £100 billion annually.

The facility will also facilitate the construction of frigates and landing craft for the Australian Army, boosting local industries.

The Albanese Government has signed a Strategic Shipbuilding Agreement with Austal Defense Shipbuilding Australia Pty Ltd, focusing initially on delivering Landing Craft Medium and Heavy vessels, creating thousands of jobs.

News

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

5 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness