Australia and India have finalised an agreement allowing Australian uranium exports for India's nuclear energy sector, expanding cooperation on clean energy, critical minerals and infrastructure as the two countries strengthen their strategic and economic partnership.
Australia and India finalised an arrangement on Thursday that will allow Australian uranium exports to India for use in its nuclear energy sector, Reuters reported, marking a new step in the two countries' broader energy and trade relationship.
Australian Prime Minister Anthony Albanese announced the deal in Melbourne after talks with visiting Indian Prime Minister Narendra Modi, saying it would support India's shift towards a larger share of non-fossil fuel power while opening another market for Australian resources.
India has been seeking access to Australia's uranium reserves as it works towards a target of 100 gigawatts of nuclear energy capacity by 2047. Australia, meanwhile, is seeking to broaden trade ties beyond China, its largest trading partner.
The two countries signed a nuclear cooperation pact in 2014, but uranium exports have remained limited because of safeguards designed to ensure the fuel is used only for peaceful purposes such as power generation.
Modi said the relationship offered “historic opportunities” in areas including energy transition, critical minerals, green hydrogen and low-carbon aluminium. He also urged Australian businesses to invest for the long term in India's roads, ports, railways and urban infrastructure.
AustralianSuper, Australia's largest pension fund, said it would invest a further A$500 million (US$347 million) in India's National Investment and Infrastructure Fund.
Albanese described Modi as a “living bridge” between the two countries, pointing to the Indian leader's role in shaping Australia's economic engagement with India. India is Australia's fifth-largest trading partner, and around one million people in Australia claim Indian ancestry.
Modi arrived in Australia after a visit to Indonesia, where he signed agreements on agriculture and defence, including for the BrahMos cruise missile system. He is expected to meet members of the Indian diaspora in Melbourne before travelling to New Zealand on Friday.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claime...
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city...
Concerns are growing over a renewed cholera outbreak in Yemen, after years of conflict has left the country's healthcare system struggling to cope....
Australia on Friday confirmed the first case of the deadly H5N1 bird flu virus in a native seabird, marking a new phase in the disease's spread after it landed on the country's shores last month.
Australia and the Solomon Islands have pledged to strengthen bilateral ties while condemning China's recent ballistic missile test in the Pacific, warning that the launch risks undermining regional stability.
Australia and Fiji signed a landmark defence alliance on Monday, committing each country to come to the other's aid if either is attacked. The Ocean of Peace Alliance marks Fiji's first-ever alliance.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
Iran's Supreme Leader, Mojtaba Khamenei, has promised to avenge the killing of his father, while U.S. President Donald Trump said Tehran and Washington had agreed to continue talks despite an escalation of hostilities this week.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claimed to have expanded attacks on U.S. military facilities across the Gulf.
Typhoon Bavi pummelled Japan's southern Sakishima island chain with heavy rain and violent winds on Saturday as it headed towards Taiwan, prompting authorities to warn of the risks of floods and landslides.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
Two men were killed and six other people were injured in a shooting at Toronto's Salsa on St. Clair festival on Saturday night, police said.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12 July, covering the latest developments you need to know.
U.S. Senator Lindsey Graham, one of President Donald Trump’s most prominent allies in Congress, has died following a brief and sudden illness. He was 71-years-old.
Five major carmakers have largely won the first stage of a major legal battle at a High Court case brought by around 1.6 million claimants in the UK over allegations that their diesel vehicles were fitted with unlawful "defeat devices" that led to higher emissions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment