Fri 24 Jul 2026
FTSE 100 10,639.17 +0.63%Microsoft 381.58 -4.87%NVIDIA 208.76 +0.66%Apple 321.66 -3.48%Google 318.34 -10.03%S&P 500 7,408.30 -1.67%Nasdaq 25,137.69 -2.88%Dow 51,711.65 -1.60%Russell 2000 2,940.16 -1.16%US 10Y Treasury 4.70% +3.57%Euro Stoxx 50 6,210.17 -0.33%DAX 24,763.12 -0.61%AEX-Index 1,086.67 -0.49%Nikkei 225 64,568.75 +0.67%Hang Seng 24,863.21 +1.23%Gold $4,032.10 +0.54%Silver $57.63 +1.46%Brent Crude Oil $100.96 +13.16%Natural Gas $2.93 +2.27%Copper $6.32 +0.37%GBP/USD 1.3313 -0.99%GBP/EUR 1.1694 -0.60%GBP/AUD 1.9084 -0.93%Bitcoin (USD) $65,309 +0.12%Ethereum (USD) $1,878 -1.37%FTSE 100 10,639.17 +0.63%Microsoft 381.58 -4.87%NVIDIA 208.76 +0.66%Apple 321.66 -3.48%Google 318.34 -10.03%S&P 500 7,408.30 -1.67%Nasdaq 25,137.69 -2.88%Dow 51,711.65 -1.60%Russell 2000 2,940.16 -1.16%US 10Y Treasury 4.70% +3.57%Euro Stoxx 50 6,210.17 -0.33%DAX 24,763.12 -0.61%AEX-Index 1,086.67 -0.49%Nikkei 225 64,568.75 +0.67%Hang Seng 24,863.21 +1.23%Gold $4,032.10 +0.54%Silver $57.63 +1.46%Brent Crude Oil $100.96 +13.16%Natural Gas $2.93 +2.27%Copper $6.32 +0.37%GBP/USD 1.3313 -0.99%GBP/EUR 1.1694 -0.60%GBP/AUD 1.9084 -0.93%Bitcoin (USD) $65,309 +0.12%Ethereum (USD) $1,878 -1.37%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 17°C Partly CloudyBirmingham 15°C ClearManchester 14°C OvercastNewcastle 17°C ClearBristol 14°C ClearPembroke 17°C ClearEdinburgh 14°C Partly CloudyBelfast 16°C OvercastInverness 14°C CloudyPenzance 16°C ClearHolyhead 13°C ClearNorwich 15°C Clear
More Info

Crowd-Funded Inquiry into Australia’s Aukus Submarine Deal Raises Key Questions

Advertisement
Follow News in 60 on Facebook

A former Australian environment minister has initiated a crowd-funded inquiry into the Aukus submarine deal, which is the largest defence project in Australia’s history. This A$368 billion agreement involves purchasing second-hand Virginia-class submarines from the US, raising concerns about national security and regional stability. The inquiry, led by Peter Garrett, aims to address whether these submarines will enhance Australia’s safety and how the deal impacts its sovereignty and relationship with China.

The inquiry will hold public hearings and is set to report by October, focusing on critical issues such as the storage of nuclear waste and the implications for Australia’s standing in the Indo-Pacific region. With China being Australia’s largest trading partner, the inquiry seeks to evaluate how the Aukus deal might affect diplomatic relations amid rising tensions.

Support for the inquiry comes from various independent MPs and former military officials, highlighting a growing demand for transparency in such a significant military investment. The Australian government has expressed support for appropriate oversight, indicating a shift towards greater public engagement in defence matters.

As the inquiry unfolds, it could reshape public perception of the Aukus deal and influence future defence policies. The outcomes may also have lasting effects on Australia’s strategic posture in the face of regional challenges, particularly concerning China’s assertiveness in the South China Sea.

Source: BBC News

Read more World news →

News Category: World Tags: australia, china, defence, security, submarines

Leave a comment

Your email address will not be published. Required fields are marked *