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EU backs France in submarine dispute

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European Union foreign ministers expressed support and solidarity with France on Monday during a meeting in New York to discuss Australia’s scrapping of a $40 billion submarine order with Paris in favour of a U.S. and British deal

European Union foreign ministers expressed support for France in its submarine order dispute with Australia during the UN General Assembly in New York on Monday.

Australia said last week it would scrap a $40 billion submarine order from Paris in favor of a U.S. and British deal that’s enraged France.

It includes at least eight nuclear-powered submarines with U.S. and British technology and a trilateral security partnership under the name AUKUS.

After a closed-door meeting at the annual UN gathering of world leaders, European Union Foreign Policy Chief, Josep Borrel, said “more cooperation” was needed among leaders and “less fragmentation.”

“The position has been this clear expression of solidarity with France, and the consideration that this was not a bilateral issue but a relationship with European Union that affects all of us. And also the fact that it doesn’t go in the direction of a greater cooperation in the Indo-Pacific, which is our purpose.”

French Foreign Minister Jean-Yves Le Drian gave the U.S a dressing down earlier on Monday, accusing U.S. President Joe Biden of continuing his predecessor Donald Trump’s foreign policies.

“Yes, it is a disappointment. We thought unilateralism, unpredictability, brutality and not respecting your partner was part of the past but it continues so we want to understand.”

Australian Prime Minister Scott Morrison said there will not be an opportunity to address the issue with French President Emmanuel Macron this week.

Meanwhile, Biden and Macron are set to speak by phone in the next few days.

White House spokesperson Jen Psaki said she expected Biden to “reaffirm our commitment to working with one of our oldest and closest partners on a range of challenges that the global community is facing.”

It’s not clear what impact the security partnership will have on next month’s fresh rounds of EU-Australia trade talks.

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Ukraine backs US-led peace accord as final details near completion

Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.

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Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.


Ukraine has signalled support for a US-led peace accord aimed at ending the war with Russia, with officials confirming that only minor elements remain to be finalised. The framework represents the most significant diplomatic breakthrough since the conflict began.

According to Ukrainian officials, Kyiv fully supports the essence of the proposal, while Washington says progress is encouraging but further negotiations are required. The agreement focuses heavily on territory held by Russia and the security guarantees needed to protect Ukraine long-term.

With momentum building, global attention now turns to how remaining issues will be resolved and how soon a final agreement can be reached.

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#Ukraine #Russia #PeaceTalks #USPolitics #Geopolitics #WarInUkraine #Diplomacy #BreakingNews


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Australia launches new AI Safety Institute to protect the nation

Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.

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Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.


Australia is taking a major step toward responsible artificial intelligence with the creation of the Australian Artificial Intelligence Safety Institute (AISI). The new body aims to assess AI risks, strengthen national protections and position the country as a global leader in safe and ethical AI development.

In this episode, Dr. Karen Sutherland from UniSC explains what sparked the institute’s creation, how it will operate, and the key functions it will serve in helping government and industry navigate fast-moving AI challenges. She breaks down how the AISI plans to elevate national understanding of advanced AI systems and collaborate with the wider National AI Centre network.

We also explore how the AISI will support international agreements, protect the rights of Australians and help businesses keep pace with rapidly evolving AI technologies. Plus, we look at the institute’s long-term ambitions in shaping the global AI safety landscape.

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#AISafety #ArtificialIntelligence #AustraliaTech #TechPolicy #FutureOfAI #DigitalSafety #InnovationNews #TickerNews


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RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

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RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.


The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV


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