AnewZ Morning Brief - 5th August, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for 5th August, covering the latest developments you need to know....
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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
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