Among the options are the co-production of submarines in Australia and the life extension of its Collins-class submarines, analysts say.
Malaysia rejects offer to host 2026 Commonwealth Games over cost
The government said the US$125 million offer was ‘not expected to be able to cover the entire cost of organising a large-scale sports event’.
FCA publishes business plan reminding firms of focus areas
The UK’s Financial Conduct Authority (FCA) has published its business plan for 2024-25, providing an accessible and useful reminder to firms in the financial sector of the FCA’s ongoing regulatory focus areas, an expert has said.
Why Japan is forced to take baby steps to normalise monetary policy
Japan’s central bank ending its negative interest rate regime comes not a moment too soon, but that alone will not return the economy to its heyday. Uncertainty over the outlook for growth and inflation persists, and the internal issues that led to the adoption of ultra-loose policy are still in place.
Indonesia’s Prabowo Subianto congratulated by China’s Xi, US’ Blinken over victory amid election challenges
The congratulatory messages came as Prabowo’s two rivals said they would issue constitutional challenges over the result, citing allegations of irregularities and fraud.
Litigation funding bill proposed to reverse UK PACCAR ruling
Draft legislation introduced before the UK parliament on Tuesday should, if passed, make it easier to enforce third-party litigation funding agreements that link the fees litigation funders receive to the damages parties are awarded by courts, according to experts in litigation and legal costs.
Should Malaysia host 2026 Commonwealth Games? Look at Victoria and Birmingham, critics say
As Malaysia mulls over the ‘once-in-a-lifetime opportunity’, the public has pushed back against the need to spend big amid a weak currency and cost-of-living woes.
South China Sea: Philippines’ Marcos denies stirring up conflict, ‘poking the bear’ with Beijing
The threat from Beijing’s sweeping South China Sea claims is growing, the Philippine president said in an interview – but he hopes ‘the time never comes’ that he has to invoke a mutual defence treaty with the US.
‘No re-export to Russia’ clause to become mandatory for EU operators
Many EU operators will soon have to add a “no re-export to Russia” clause in their contracts, as it becomes a legal requirement under tough EU sanctions.
Japan’s central bank raises interest rates for first time since 2007: ‘treading on thin ice’
The move will make loans more costly for consumers and businesses, but banks will be able to earn more money from lending.
