Connect with us

Politics

US-Australia rare earths agreement signed, Trump promises submarines

Published

on

US-Australia rare earths agreement signed, Trump promises submarines



US President Donald Trump signed a deal on rare earth minerals with Australian Prime Minister Anthony Albanese on Monday, pledging that Australia would receive coveted nuclear-powered attack submarines.

The leaders met at the White House to focus on defense and critical minerals cooperation, aiming to counter what both countries see as an increasingly assertive China.

Albanese said the deal would create $8.5 billion in critical minerals projects in Australia and elevate bilateral relations to the “next level.”

Australia’s abundant supply of lithium, cobalt, and manganese essential for semiconductors, defense hardware, electric vehicles, and wind turbines is seen as a way to reduce global dependence on China.

China remains the largest refiner of lithium and nickel and dominates processing of other rare earth elements.

While Australia cannot challenge this monopoly, it offers a smaller, reliable supply that reduces reliance on China.

The US and Australian governments will each invest over $1 billion in the next six months, with the White House citing a combined $3 billion investment.

Trump also confirmed progress on the stalled AUKUS submarine deal, ensuring Australia will receive at least three Virginia-class nuclear attack submarines previously signed under President Joe Biden.

“The submarines that we’re starting to build for Australia are really moving along,” Trump said. “We’ve worked on this long and hard, and the process is moving very rapidly and very well.”

I don’t like you either

The AUKUS deal could cost Canberra up to US$235 billion over the next 30 years. It also includes the technology to build its own vessels in the future.

Australia also had a major bust-up with France after it canceled a multi-billion-dollar deal to buy a fleet of diesel-powered submarines from Paris and go with the AUKUS program instead.

The nuclear-powered vessels lie at the heart of Australia’s strategy of improving its long-range strike capabilities in the Pacific, particularly against China.

But the Trump administration said in June it had put AUKUS under review to ensure it aligned with his “America First agenda,” saying it needed to ensure the United States had enough of the subs.

Albanese meanwhile managed to ride out an awkward confrontation between Trump and Australia’s ambassador to Washington former prime minister Kevin Rudd.

Rudd deleted a series of critical social media posts about Trump following the Republican’s election victory last year.

“I don’t like you either. I don’t. And I probably never will,” Trump said to Rudd when a reporter pointed out that the ex-premier was in the room and asked the US president whether he minded the comments.

Australians have a mostly unfavorable view of the Trump administration, polling shows, though the country relies on the United States to balance China’s expanding military clout in the Pacific region.

China loomed large over both of the key issues in the talks.

Australia has touted itself as a key US ally against China’s territorial assertiveness in the Asia-Pacific region, from Taiwan to the South China Sea.

On China, Australia announced plans for a strategic reserve of critical minerals to provide to “key partners” such as Washington to help relax Beijing’s chokehold.

Trump this month accused China of pressuring trade partners with new rare export curbs and threatened 100-percent tariffs in response.



Source link

Continue Reading
Click to comment

Leave a Reply

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

Politics

Bangladesh to announce national election date on December 11

Published

on

Bangladesh to announce national election date on December 11


People celebrate after the interim government officially banned all the activities of the Bangladesh Awami League, until the trial of the party and its leader, following the demand of the protesters, in Dhaka, Banglades on, May 10, 2025. — Reuters
People celebrate after the interim government officially banned all the activities of the Bangladesh Awami League, until the trial of the party and its leader, following the demand of the protesters, in Dhaka, Banglades on, May 10, 2025. — Reuters

DHAKA: Bangladesh’s Election Commission will announce on Thursday the date of parliamentary elections scheduled for February, a commission official said, after a student-led uprising toppled Prime Minister Sheikh Hasina in 2024.

Bangladesh has been governed by an interim administration led by Nobel laureate Muhammad Yunus since August last year, when long-serving Hasina fled to India in the face of deadly street protests against her government.

Chief Election Commissioner AMM Nasir Uddin will announce the election schedule in a national broadcast at 6pm (1200 GMT), senior Election Commission Secretary Akhtar Ahmed told reporters.

A national referendum on implementing the so-called ‘July Charter’, a state reform plan drafted in the aftermath of the unrest, is also expected to be held on the same day.

The charter proposes wide-ranging changes to state institutions, including curbing executive powers, strengthening the independence of the judiciary and election authorities, and preventing the misuse of law-enforcement agencies.

Former prime minister Khaleda Zia’s Bangladesh Nationalist Party is widely seen as the frontrunner in the upcoming polls, competing alongside the Jamaat-e-Islami party, which has returned to electoral politics after the interim government eased restrictions.

Jamaat, Bangladesh’s biggest Islamic party, could not contest elections after a 2013 court ruling that its registration as a political party conflicted with the country’s secular constitution. Bangladesh is a Muslim-majority country of 173 million people.

Hasina’s Awami League, which has been barred from contesting the election, has warned of unrest if the ban is not lifted.





Source link

Continue Reading

Politics

US Seizes Sanctioned Oil Tanker Near Venezuela: Trump

Published

on

US Seizes Sanctioned Oil Tanker Near Venezuela: Trump



The United States has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump announced on Wednesday, escalating tensions between Washington and Caracas and pushing oil prices higher.

“We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening,” Trump said, reiterating pressure on Venezuelan President Nicolas Maduro to step down. When asked about the fate of the oil, Trump replied: “We keep it, I guess.”

In response, the Venezuelan government condemned the move as “blatant theft” and an “act of international piracy,” vowing to defend its sovereignty, natural resources, and national dignity, and to raise the matter with international bodies.

This marks the first known action against an oil tanker since Trump ordered a military buildup in the region.

The US has previously targeted suspected drug vessels, raising legal and diplomatic concerns.

US Attorney-General Pam Bondi confirmed on X that the FBI, Homeland Security, Coast Guard, and military executed a seizure warrant on the crude oil tanker, used to transport sanctioned oil from Venezuela and Iran.

A brief video posted by Bondi showed helicopters approaching the vessel and armed personnel rappelling onto it.

While US officials did not publicly name the vessel, British maritime risk firm Vanguard identified it as the Skipper. The tanker had departed Venezuela’s main oil port of Jose between December 4–5 after loading roughly 1.1 million barrels of Merey heavy crude, according to satellite and PDVSA data.

The seizure affected oil markets, with Brent crude rising 27 cents to $62.21 per barrel, and US West Texas Intermediate gaining 21 cents to $58.46 per barrel.

Maduro addressed a military commemoration on Wednesday but did not directly comment on the tanker’s seizure.

Impact on oil?

Venezuela exported more than 900,000 barrels per day (bpd) of oil last month, the third-highest monthly average so far this year, as PDVSA imported more naphtha to dilute its extra-heavy oil output.

Even as Washington increased pressure on Maduro, the U.S. had not previously moved to interfere with oil flows.

Venezuela has had to deeply discount its crude to its main buyer China, due to growing competition with sanctioned oil from Russia and Iran.

“This is just yet another geopolitical/sanctions headwind hammering spot supply availability,” Rory Johnston, an analyst with Commodity Context, said.

“Seizing this tanker further inflames those prompt supply concerns but also doesn’t immediately change the situation fundamentally because these barrels were already going to be floating around for a while,” Johnston said.

Chevron, which partners with PDVSA, said its operations in the country were normal and continuing without disruption.

The US oil major, responsible for all Venezuelan crude exports to the United States, last month increased crude exports to the US to 150,000 bpd from 128,000 bpd in October.

Increasing pressure on Maduro

Maduro has alleged that the US military build-up is aimed at overthrowing him and gaining control of the OPEC nation’s vast oil reserves.

Since early September, the Trump administration has carried out more than 20 strikes against suspected drug vessels in the Caribbean and Pacific, killing more than 80 people.

Experts say the strikes may be illegal.

There has been little or no proof made public that the boats are carrying drugs or that it was necessary to blow them out of the water rather than stop them, seize their cargo and question those on board.

Concerns about the attacks on the boats increased this month after reports that the commander overseeing one of the operations ordered a second strike that killed two survivors.

A Reuters/Ipsos poll published on Wednesday found that a broad swath of Americans oppose the US military’s campaign of deadly strikes on the boats, including about one-fifth of Trump’s Republicans.

In a sweeping strategy document published last week, Trump said his administration’s foreign policy focus would be on reasserting its dominance in the Western Hemisphere.



Source link

Continue Reading

Politics

Trump launches gold card programme for expedited visas with a $1m price tag

Published

on

Trump launches gold card programme for expedited visas with a m price tag


A representational image of a worker stamping a passport. — Reuters/File
A representational image of a worker stamping a passport. — Reuters/File

WASHINGTON: President Donald Trump’s administration officially launched his “Trump Gold Card” visa programme on Wednesday to provide a pathway, with a steep price, for non-US citizens to get expedited permission to live in the United States.

The website Trumpcard.gov, complete with an “apply now” button, allows interested applicants to pay a $15,000 fee to the Department of Homeland Security for speedy processing.

After going through a background check or vetting process, applicants must then make a “contribution” – the website also calls it a “gift” – of $1 million to get the visa, similar to a “Green Card,” which allows them to live and work in the United States.

“Basically it’s a Green Card, but much better. Much more powerful, a much stronger path,” Trump told reporters at the White House. “A path is a big deal. Have to be great people.”

Commerce Secretary Howard Lutnick said some 10,000 people have already signed up for the gold card during a pre-registration period and he expected many more to do so. “I would expect over time that we’d sell, you know, thousands of these cards and raise, you know, billions, billions of dollars,” Lutnick told Reuters in a brief interview.

Lutnick said the gold card programme would bring people into the United States who would benefit the economy. He compared that to “average” Green Card holders, whom he said earned less money than average Americans and were more likely to be on or have family members on public assistance. He did not provide evidence for that assertion.

Trump’s administration has pursued a broad crackdown on immigration, deporting hundreds of thousands of people who were in the country illegally and also taking measures to discourage legal immigration.

The gold card programme is the Trump version of a counterbalance to that, designed to make money for the US Treasury in the same way the president, a former New York businessman and reality television host, has said his tariff programme has successfully done.

Lutnick noted that there was also a corporate version of the gold card that allowed companies to get expedited visas for employees they wanted to work in the United States, for a $2 million contribution per employee.





Source link

Continue Reading

Trending