Australia seals $1.3BN U.S. missile deal, rejects higher defence target
Australia has confirmed a $1.3 billion missile deal with the U.S., highlighting its defence priorities, while stopping short of committing to Washingt...
The first African leaders’ summit of U.S. President Donald Trump’s second term is set to take place next week in Washington, with heads of state from Western and Central African countries expected to attend, according to media reports.
The news was initially reported by Africa Intelligence and confirmed to Semafor by a source familiar with the plans.
The summit will be held from 9 to 11 July and will see President Trump joined by leaders from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal. Reuters has yet to independently verify these reports.
The Trump administration has significantly reduced U.S. foreign aid to African nations as part of its 'America First' policy, aiming to cut spending deemed wasteful and to prioritise trade and investment, fostering mutual economic prosperity.
U.S. Secretary of State Marco Rubio has said that Washington is moving away from a charity-based aid model to focus support on countries that demonstrate “both the ability and willingness to help themselves.”
American envoys in Africa will now be assessed based on the commercial deals they secure. Troy Fitrel, a senior official for African affairs, described this approach in May as the new strategy for U.S. engagement on the continent.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment while stopping short of U.S. calls to adopt a higher military spending target.
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as a new trade framework with Hanoi.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Australia has confirmed a $1.3 billion missile deal with the U.S., highlighting its defence priorities, while stopping short of committing to Washington’s 3.5% GDP spending target.
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