Tensions rise between France and Australia amid leadership talks

Published

4 years ago

November 1, 2021

Tensions between France and Australia continue to rise following fresh comments made by French President Emmanuel Macron

The French President on Sunday accused Australia’s Prime Minister of lying about the AUKUS submarine deal, which saw France lose a $37 billion deal to build 12 submarines.

Mr Macron was furious after Australia terminated the deal to build the 12 subs, and instead negotiated a new defence pact with the US and the UK, known as AUKUS.

When the French President was asked whether he thinks the Australian Prime Minister lied, he replied “I don’t think, I know”.

He added that this dispute was “Detrimental to the reputation of [Australia] and the Prime Minister”, reducing the credibility of the country.

I ask French President Emmanuel Macron whether Scott Morrison lied to him: “I don’t think, I know.” pic.twitter.com/3tcg4xrl90
— Bevan Shields (@BevanShields) October 31, 2021

Scott Morrison has denied lying about the $90 billion dollar submarine contract that was cancelled six weeks ago

This comes as Australia rejected their submarine deal with France, instead partnering with the United Kingdom and the United States, buying nuclear submarines.

The Australian Prime Minister says he was very clear in expressing that French submarines were not going to meet the country’s strategic interest.

"This is a storm of this own creation, when you look back to June this year, @ScottMorrisonMp was in Paris, he stood by @EmmanuelMacron…he gave no indication that he was going to cancel the contract in favour of a nuclear subs deal" @Greens candidate @piersmitchem pic.twitter.com/OzYjRg1w9T
— ticker NEWS (@tickerNEWSco) November 1, 2021

The pact scuppered a deal signed by Australia in 2016 for France to build 12 conventional submarines.

It is widely seen as an effort to counter China’s growing military might. China has condemned the agreement as “extremely irresponsible”.

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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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20 hours ago

November 26, 2025

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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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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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20 hours ago

November 26, 2025

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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.

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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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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.

Published

23 hours ago

November 26, 2025

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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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