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The Latest Breaking News from AUKUS

First Thing: global markets gripped by Silicon Valley Bank collapse

Bank shares slide around world amid panic caused by SVB failure as its parent company and two top executives are sued by shareholders. Plus, what’s next for Escobar’s hippos?

The Guardian - UK

Expert blasts AUKUS upside for America and Britain, as government pitches to neighbours

A top defence expert says the AUKUS deal announced by Anthony Albanese on Tuesday mostly benefits the British and American governments.

The New Daily

Difficult budget decisions after $368 billion nuclear subs splurge

A plan to acquire a fleet of nuclear subs has been unveiled, but experts said the eye-watering price tag will force tough budget debates.

The New Daily

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GMB's Ed Balls accuses Tory minister of 'making up' answers in explosive clash

Good Morning Britain host Ed Balls and co-host Susanna Reid interviewed the Minister of Security on the ITV breakfast programme on Tuesday morning and quickly clashed

Daily Mirror

China says AUKUS on 'dangerous path' with nuclear subs deal

China says the United States, Australia and the United Kingdom are traveling “further down the wrong and dangerous path for their own geopolitical self-interest.”

The Independent UK

UK to double fleet of hunter-killer nuclear subs in Aukus pact

The UK’s submarines will mainly be built by BAE Systems at Barrow-in-Furness, Cumbria, and Rolls-Royce, creating thousands of jobs in shipyards across the country

The Independent UK

China says Aukus submarines deal embarks on ‘path of error and danger’

Beijing accuses US, UK and Australia of disregarding global concerns with plan to build nuclear-powered vessels

The Guardian - UK

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China condemns Aukus submarine plan as threat to peace in the Pacific

The UK, US and Australia have agreed to work together to develop a new generation of nuclear-powered attack boats.

The Independent UK

Nuclear submarines needed due to China's military expansion, AUKUS task force head says

The head of Australia's AUKUS task force says China's military expansion justifies the purchase of new nuclear-powered submarines, while reassuring Australians the nuclear reactors on board the vessels will be safe.

ABC News

Aukus: US, UK and Australia sign landmark nuclear submarine deal

The UK’s submarines will mainly be built by BAE Systems at Barrow-in-Furness, Cumbria, and Rolls-Royce

The Independent UK

Penny Wong hits back at China’s claim Aukus nuclear submarines will fuel an arms race

Foreign minister set to visit south-east Asia and the Pacific to reassure countries Australia does not seek to escalate military tensions

The Guardian - AU

Australia says nuclear subs needed to counter militarization

Australia’s defense minister says a deal to buy nuclear-powered attack submarines from the United States was necessary to counter the biggest conventional military buildup in the region since World War II

The Independent UK

What is the Aukus submarine deal and what does it mean? – the key facts

The four-phase plan has made nuclear arms control experts nervous … here’s why

The Guardian - AU

With AUKUS, Australia has wedded itself to a risky US policy on China – and turned a deaf ear to the region

Much has been made of Australia’s renewed engagement with Asia and the Pacific since Labor came to power.

The Conversation

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AAP

Diplomatic blitz to calm allies over nuclear subs fears

Australian ministers have been hitting the phones to assure allies and regional partners about the acquisition of nuclear-powered submarines.

The Guardian - AU

Labor accuses Peter Dutton of using Aukus submarine plan as ‘excuse’ to back NDIS cuts

Opposition leader offers broader bipartisan support for Aukus project, but criticises other defence spending cuts

AAP

'No way to sugar coat' eye-watering nuclear subs spend

Opposition Leader Peter Dutton says there needs to be a frank and honest conversation with the Australian people on the cost of the nation's submarine program.

ABC News

What is AUKUS and when are we getting nuclear submarines?

The final details of Australia's first nuclear submarine fleet have been unveiled — along with the price tag. Here's the plan and when we might see them in the water.

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Al Jazeera

Why Australia wants nuclear-powered submarines

Acquiring nuclear-powered submarines described as ‘the single biggest leap’ ever in Australia’s defence capabilities.

The New Daily

China’s blast for Australia – AUKUS ‘hurts peace and stability’

China has accused Australia of "planting a time bomb" for its Indo-Pacific peace as details of the $370 billion AUKUS deal emerged.

The Conversation

Progress in detection tech could render submarines useless by the 2050s. What does it mean for the AUKUS pact?

Speaking at a summit in San Diego on Monday, Prime Minister Anthony Albanese has announced a decades-long strategy to deliver the most costly defence project in Australia’s history.

The National (Scotland)

Rishi Sunak: Our new generation of nuclear attack submarines will keep oceans free

The UK, US and Australia will work together "keeping our oceans free" with a new generation of nuclear-powered attack submarines, Rishi…

ABC News

AUKUS submarine deal tipped to create more than 8,000 SA jobs, first local vessel by early 2040s

South Australia is set to become the "home of Australian nuclear-powered submarine construction", with an estimated workforce of at least 8,000 needed to build AUKUS subs and shipbuilding facilities over 30 years, according to the federal government.

The Guardian - UK

Aukus nuclear submarine deal loophole prompts proliferation fears

Scheme allowing nuclear materials in Australian submarines worries experts about precedent of safeguard removal

Evening Standard

Nuclear submarine pact will allow US, UK, Australia to deploy force ‘anywhere in the world’

Rishi Sunak said the UK, US and Australia had agreed ‘the most significant multilateral defence partnership in generations’ at trilateral meeting in San Diego

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