U.S. imposes sanctions on Congo armed group
On Tuesday, The United States has imposed sanctions on a Congolese militia, mining company, and Hong Kong exporters over armed violence and illegal mi...
Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.
Speaking on the sidelines of the NATO summit in the Netherlands, Australian Defense Minister Richard Marles told reporters that the country would maintain its current defence budget path, focusing on national priorities rather than international pressure.
Marles' comments come as U.S. President Donald Trump continues to push allies to spend more on defence, threatening those who resist with tougher trade policies. Trump recently criticized Spain for refusing to adopt NATO’s proposed 5% of GDP defence spending target and suggested punitive trade measures may follow.
Australia, which is not a NATO member, currently spends around 2% of GDP on defence and plans to increase this to 2.3% by 2033–2034. Marles emphasized that this decision reflects Australia’s own strategic assessments, not external demands.
“We have gone through our own process of assessing our strategic landscape... and what that has seen is the biggest peacetime increase in Australian defence spending,” he said.
Despite efforts by Canberra to secure a first face-to-face meeting between a senior Australian official and President Trump, Marles did not speak directly with the U.S. president or Defence Secretary Pete Hegseth during the summit.
Australia is also in talks to gain exemptions from new U.S. tariffs, including a 50% levy on steel and aluminium, but officials have not indicated whether a breakthrough is likely.
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The move highlights Turkish Airlines' ongoing commitment to grow its international network, particularly in key markets like China, amid global aviation recovery.
Norway's $2 trillion sovereign wealth fund said on Monday it is terminating contracts with asset managers handling its Israeli investments and has divested parts of its portfolio in the country over the situation in Gaza and the West Bank.
The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from Türkiye, Qatar and the United States, aiming to expand Damascus International Airport.
The European Bank for Reconstruction and Development (EBRD) has announced a lending the equivalent of $ 7 million to Saloğlu, Azerbaijan’s leading furniture producer and retailer, in local currency to help boost its competitiveness.
Paramount will become the exclusive U.S. broadcaster of the Ultimate Fighting Championship from 2026 under a seven-year agreement with TKO Group Holdings worth about $7.7 billion, the companies said on Monday.
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