AnewZ Morning Brief - 3 January, 2026
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 3rd of January, covering the latest developments you need to k...
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
Marles outlined that the federal budget would include an increase of A$10.6 billion (US$6.66 billion) for defence over the next four years—a key component of a previously announced A$50 billion boost over a decade. He described this package as the most significant surge in defence spending since the end of World War II.
Speaking at the Avalon Air Show in Victoria, Marles emphasized that the accelerated spending would enable Australia to fast-track critical projects, including the development of guided weapons manufacturing capabilities, the establishment of an AUKUS submarine base at HMAS Stirling in Western Australia, and the procurement of a new frigate into the service fleet within the decade.
“This additional A$1 billion is necessary to accelerate our capability and development,” Marles said, highlighting that the funds will facilitate readying HMAS Stirling and launching the Henderson Defence Precinct as the base for the Submarine Rotational Force West. He also noted that the move will help advance the Guided Weapons and Explosives Enterprise at a faster pace.
Under the AUKUS pact, up to four U.S.-commanded and one British-commanded nuclear-powered submarines are expected to rotate through Australia’s largest naval base from 2027. The early injection of funds will also support the broader strategy of enhancing long-range strike capabilities.
In related developments, Australia has already received the first two of 42 High Mobility Artillery Rocket Systems (HIMARS) launcher vehicles ordered from Lockheed Martin. Brigadier Nick Wilson explained that the mobile, truck-mounted system—used in the war in Ukraine—will significantly enhance the nation's ability to deploy coastal operations, as it can be easily transported by ship or via C-17 and C-130 aircraft.
Defence Industry Minister Pat Conroy added that the Precision Strike Missile, with a 500-kilometre range, is slated for delivery this year to integrate with the HIMARS, further bolstering Australia’s regional strike capabilities.
The move comes amid ongoing pressure from U.S. President Donald Trump and other security allies for Australia to increase its defence spending, reflecting heightened regional security challenges and the need for a modernised military infrastructure.
Russian athletes will not be allowed to represent their country at the Milano Cortina Winter Olympics even if a peace deal is reached with Ukraine, International Olympic Committee President Kirsty Coventry said in an interview with an Italian newspaper.
At least 47 people were killed and 112 injured after a fire broke out at a crowded bar in the Swiss ski resort town of Crans-Montana during New Year’s Eve celebrations, Italian Foreign Minister Antonio Tajani told Italian media on Thursday.
India has approved a major arms deal with Israel valued at approximately $8.7 billion, highlighting the deepening defence partnership between the two countries.
A 6.5-magnitude earthquake struck southern Mexico early on Friday, killing at least two people and causing damage in Guerrero state.
India and Pakistan on Thursday exchanged lists of nuclear facilities as well as civilian prisoners, under long-standing bilateral agreements, according to official statements from both countries.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
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