live U.S. rescues airman as Trump, Israel step up pressure on Iran ahead of deadline - Middle East conflict on 5 April
The U.S. rescued an airman missing from one of two warplanes downed in Iran, two U.S. officials said, as President...
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.
One U.S. crew member has been rescued after two American warplanes were downed over Iran and the Gulf, as the search continues for a missing pilot, while President Donald Trump has given Tehran 48 hours to agree to a deal to end the war.
The U.N. Security Council is expected to vote next week on a Bahraini resolution to reopen the Strait of Hormuz and protect commercial shipping, diplomats said on Friday, amid opposition from China to any authorisation of force.
One crew member from a U.S. warplane shot down over Iran has been rescued, U.S. officials said, as a search continues for a second crew member.
The U.S. rescued an airman missing from one of two warplanes downed in Iran, two U.S. officials said, as President Donald Trump and Israel stepped up pressure on Iran to open the strategic Strait of Hormuz or face attacks on energy facilities.
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
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