Australia confirms $1.3bn U.S. missile deal amid defence spending push
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment whi...
A ceasefire deal in Gaza is very close to completion, according to the US President Joe Biden. Speaking at the State Department Biden highlighted his administration's ongoing efforts to broker a deal between Israel and Hamas.
In a speech at the State Department on January 13, President Joe Biden expressed optimism that a deal to end the Gaza conflict and secure the release of hostages was close to being finalized. He confirmed that his administration is working urgently to conclude the agreement, which he said is based on a proposal he outlined months ago.
Biden, speaking about the progress in the negotiations, conveyed cautious optimism despite the ongoing challenges. “The war between Israel and Hamas, we’re on the brink of a proposal that I laid out in detail months ago, finally coming to fruition,” Biden said. He emphasized the importance of perseverance, adding that he had spoken with key leaders, including the Prime Minister of Israel, the Emir of Qatar, and plans to speak with Egyptian President Abdel Fattah el-Sisi soon.
Despite the ongoing challenges in finalizing the agreement, Biden remained hopeful that these diplomatic efforts would soon bring an end to more than 14 months of violence.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
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.
Portuguese footballer Diogo Jota, a forward for Liverpool, has died in a car crash in Spain at the age of 28, just days after his wedding.
German Chancellor Friedrich Merz called on the European Union to resolve its tariff dispute with the United States swiftly to safeguard critical industries like cars, steel, and pharmaceuticals.
The World Health Organization has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy infrastructure damaged by Russian attacks.
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.
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