-
Delhi gold loses Rs 800 while silver falls Rs 5,000
-
India extends micro-credit guarantee plan for five years
-
Pradeep Antony, Smeha Manimegalai portray secret spouses in Mr & Mrs Office
-
Zelenskyy arrives in Dublin for meetings on Ukraine and peace efforts
-
Woman barred from every Greggs outlet after series of offences
-
Jury hears social-media image helped identify teen in Scarlett Faulkner case
-
Ketchup packets link suspect to break-in at Eddie Rocket’s restaurant
-
American Airlines passenger falls ill and vomits on three travellers
-
Spain's General Strike Links Housing Crisis to Lost Purchasing Power
-
China's Singles' Day Exposes Persistent Consumer Caution
-
Euro-Area Inflation Reaches 4% as Energy Prices Jump
-
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
-
US Adds 165,000 Jobs as Unemployment Falls to 4.1%
-
Bank of England Raises Interest Rate to 4% as Energy Risks Intensify
-
Energy Costs Push OECD Inflation Up to 4.5%
-
OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions
-
China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
-
US Inflation Broadens as Fed Officials Consider Faster Rate Hikes
-
Irish police prepare for further hoax bomb threats after hundreds of schools targeted
-
Korea, Singapore and New Zealand Advance Green Trade Pact Talks
-
RBA Inflation Target Origins: Why Australia Chose a Range Over Zero
-
Ireland and Ukraine consider drone cooperation memorandum after Dublin talks
-
Sister recounts fatal machete attack as Irish murder trial continues
-
Georgia refrigeration company sues EPA after five-year HFC reprieve
-
NEET’s Merit Promise Erodes as Cost and Time Barriers Rise for Medical Aspirants
-
Lakers Defeat Bucks 123-112 Amid Injury Concerns for Dončić and Reaves
-
HoloCoder technology promises brighter smartphone images and 3D depth data
-
Audi-SAIC CEO Fred Schulze Confirms AUDI Brand Will Launch Three New Models in China
-
TuckShop Announces Cast for 'Jack and the Beanstalk' Drag Panto
-
EU proposes broad consumer safeguards for apps, subscriptions and ticketing
-
Nvidia faces scrutiny over alleged Chinese intelligence link to Jensen Huang
-
Radical Numerics develops offline AI tool to detect engineered pathogens
-
Samsung One UI 9.5 Reportedly Adds Call Recording for WhatsApp and Telegram
-
Chennai orders inquiry after dogs die at shelter; two veterinarians face action
-
Kiara Advani Reveals Sidharth Malhotra’s Reaction to Toxic Backlash
-
Startup turns Chennai’s history and culture into an interactive world
-
Four firms compete to design Chennai’s model mobility corridors
-
Chennai venue launches month-long festival devoted to full-length theatre
-
New Bay of Bengal low may form November 13 as Tamil Nadu outlook remains unclear
-
एलेक्स बोडी और SCANDIC PAY: Mastercard और VISA कार्ड — भुगतान की नई पीढ़ी
-
ALEX BODI och SCANDIC PAY: Mastercard- och VISA-kort – en ny generation betalningar
-
АЛЕКС БОДИ и SCANDIC PAY: карти Mastercard и VISA — ново поколение разплащания
-
알렉스 보디와 SCANDIC PAY: Mastercard·VISA 카드를 통한 차세대 결제
-
أليكس بودي وSCANDIC PAY: بطاقات Mastercard وVISA — جيل جديد من المدفوعات
-
ALEX BODIとSCANDIC PAY:Mastercard・VISAカードによる新世代の決済
-
ALEX BODI 與 SCANDIC PAY:Mastercard 與 VISA 卡——新一代支付方式
-
ALEX BODI a SCANDIC PAY: karty Mastercard a VISA – nová generace plateb
-
ΑΛΕΞ ΜΠΟΝΤΙ και SCANDIC PAY: κάρτες Mastercard και VISA — μια νέα γενιά πληρωμών
-
ALEX BODI i SCANDIC PAY: karty Mastercard i VISA — nowa generacja płatności
-
АЛЕКС БОДІ та SCANDIC PAY: картки Mastercard і VISA — нове покоління платежів
Australia, Britain vow AUKUS nuclear-powered subs will be built
Australia and Britain said Friday that a landmark deal to develop AUKUS nuclear-powered submarines would go ahead, despite mounting fears about costs, capabilities and the possible return of Donald Trump.
Under the fledgling AUKUS deal, the two countries along with the United States have pledged to beef up their military muscle in a bid to counter China's rise.
Defence chiefs this week unveiled ambitious plans to supply Australia with a fleet of nuclear-powered submarines, a key pillar of the agreement.
"The three governments involved here are working at pace to make this happen," Australian defence minister Richard Marles told reporters on Friday.
"This is going to happen and we need it to happen," he added.
Barely two years old, there are already signs that AUKUS and its central project could be under threat.
Some fear Trump could jettison the pact if he wins this year's presidential election, returning to his "America first" style of foreign policy.
UK foreign secretary David Cameron suggested that "brilliant" AUKUS and other alliances like NATO -- which he dubbed "the most successful defence alliance in history" -- needed to be fighting fit come US election time.
"I think whoever is president, the best thing we can do is to get those alliances, to get those projects into the best possible shape so whoever is the new president can see that they're working," Cameron said.
He added that the nuclear-powered submarines deal was "a huge project, a huge undertaking, but absolutely essential for our security", adding that he had "total confidence" that the deal would go ahead.
- Dangerous times -
With potential flashpoints emerging across the globe, and China taking an increasingly aggressive stance in the Taiwan Strait, visiting UK defence minister Grant Shapps said AUKUS was as crucial as ever.
After decades of relative peace, Shapps said the planet was slowly shifting from a "post-war" era to a "pre-war" footing.
"We are living in more dangerous times," he said during a tour of the Osborne Naval Shipyard in South Australia.
UK defence contractor BAE Systems has been enlisted to help construct Australia's fleet of nuclear-propelled submarines.
Australia hopes to have eight nuclear-powered vessels in the water by the 2050s -- a mix of the new AUKUS-class subs built at home and in the UK, and Virgina-class vessels purchased from the United States.
Marles said a "drumbeat" of AUKUS-class submarines would then continue to roll off Australian production lines "every few years" in perpetuity.
"There is no country in the world which has obtained the capability to build nuclear-powered submarines, which has then turned that capability off," he said.
"We will see submarines being produced here on an enduring basis."
- Potent threat -
Although the financial details of the BAE deal are under wraps, Australian defence officials want to initially build at least five AUKUS-class nuclear-powered subs at a cost of billions of dollars.
The subs will be quieter and stealthier than Australia's existing diesel fleet, and capable of deploying over vast distances without surfacing, posing a potent threat to any foe.
BAE Systems, one of the largest defence contractors in Europe, said it was "already making good progress on the design and development of the next generation submarine".
The company has a close relationship with the UK navy, and is responsible for building its Astute-class and Dreadnought-class nuclear-powered vessels.
The scale of the project is vast, and questions have been raised about whether Australia -- with limited nuclear experience and a relatively small navy -- can pull it off.
Australian officials believe about 20,000 workers will be needed for the homegrown nuclear industry -- among them an army of technicians, metal workers, electricians and welders.
The Australian navy has struggled to maintain its current fleet of ageing diesel-electric subs, which have been plagued by design flaws and cost blowouts.
In total, the AUKUS submarine project could cost up to Aus$368 billion (US$240 billion) over the next 30 years.
M.Gameiro--PC