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Asia-Pacific markets rose on Friday and are set to round off the week higher, tracking gains on Wall Street overnight after fresh economic data eased recessionary fears in the U.S.
Auckland has started to feel like a “ghost town”, Chakrabarti said.
Australia and Indonesia are building on existing lines of cooperation as they inch towards an upgrade in security ties, but both sides are still seen to be far from establishing a formal military alliance or treaty.
Australia, the United States and Britain have removed significant barriers on defence trade between the Aukus partners and opened the way for faster approvals for highly sensitive technologies, Australian officials said.
Cutting-edge AI-enabled AUKUS drone tests highlight the alliance’s push for tech-driven military superiority but industrial limitations and Chinese market dominance may undermine its readiness for future conflicts.
Speaking on ABC’s Q&A on Monday night (August 12), Nobel Prize-winning economist Joseph Stiglitz claimed Australia was “giving away its natural resources”, something he found “mind-boggling”.
SYDNEY -- Australian lithium miner Pilbara Minerals has moved to acquire a hard rock lithium project in Brazil, announcing an all-share offer for compatriot Latin Resources and its planned Salinas mine in the South American country.
The US Navy’s deployment of new extremely long-range air-to-air missiles in the Indo-Pacific could erase China’s advantage in aerial reach, experts say, part of an intensifying focus on projecting power amid high tensions in the region.