World: Australia signs massive sub deal with French firm - PressFrom - US
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WorldAustralia signs massive sub deal with French firm

04:25  11 february  2019
04:25  11 february  2019 Source:   msn.com

World record and hole-in-one at pioneering Australia golf tournament

World record and hole-in-one at pioneering Australia golf tournament A world record and a hole-in-one marked the opening day of a pioneering golf tournament in Australia Thursday where the men's and women's events are played at the same time. The Vic Open is the only tournament in the world with male and female fields teeing off, in alternate groups, on the same course and for equal prize money. It has been running as a dual male-female event for six years. But the tournament took on added significance this year with the European Tour and the US-based LPGA Tour jointly sanctioning it for the first time, with prize money significantly boosted.

The Australian Navy has awarded a French defense contractor a billion contract to build 12 submarines .

The Australian government says it has finalised the details of a controversial deal with a French company to build a new fleet of submarines for Australian naval forces, despite concerns the After years of negotiation, Australia is set to lock in a deal for a new fleet of military submarines .

Australia signs massive sub deal with French firm© Tracey Nearmy/Getty Images CANBERRA, AUSTRALIA - FEBRUARY 11: Defence minister Christopher Pyne and Prime Ministers Scott Morrison sign a Strategic Partnership Agreement at Sir Thomas Blamey Square on February 11, 2019 in Canberra, Australia. The Prime Minister has signed a $50bn 'strategic partnership' with France to build new submarines for the Royal Australian Navy. (Photo by Tracey Nearmy/Getty Images) Australia formally signed a $50 billion contract with France to build 12 state of the art submarines Monday, a signal of the country's willingness to project power across the Pacific.

Prime Minister Scott Morrison hailed the "very audacious plan" at a ceremony in Canberra as "part of Australia's biggest ever peace-time investment in defence".

Massive drug bust exposes Mexico-Australia cartel ties

Massive drug bust exposes Mexico-Australia cartel ties Australian and US authorities on Friday announced they had seized around a billion dollars worth of methylamphetamine -- or "ice" -- in a bust that revealed new ties between Mexican cartels and Aussie biker gangs. The Australian Federal Police said that a joint investigation led the US Immigration and Customs Enforcement to uncover 1.7 tonnes of drugs in California last month. US authorities said the illicit cargo -- with a street value of AUS$1.29 billion, or US$900 million -- was hidden in two shipping containers carrying audio equipment bound for Australia.

Australia and France signed an agreement Tuesday to build the world's largest diesel-electric French Defense Minister Jean-Yves Le Drian, right, and Australian Defense Minister Marise Payne Turnbull described the 56 billion Australian dollar ( billion) contract to build 12 subs as the largest

An option is to pick French firms ready to set up business in Australia and develop there. A number of Australian companies exhibited at the Euronaval trade Australia has set sights on the program as a cornerstone for creating a naval industry, and DCNS will transfer technology by signing over "design

The contract for 12 attack-class submarines is with France's Naval Group, a consortium with state backing, and has been years in the making.

The first submarine is expected to be finished in the early 2030s.

Critics say that is too late: the waters to Australia's north and east are the scene of an intense struggle between the United States, China and regional powers, who are all vying for influence.

Beijing has made territorial claims to much of the South China Sea -- a marine thoroughfare that is vital to maintain the supply of ores, minerals and crude that fuel the Chinese economy.

Washington fears that China is becoming increasingly assertive over its territorial claims to display its dominance over smaller Asian nations and cement its role as the prime regional power.

Australian military analysts hope the subs will allow the country to maintain a credible deterrent against possible hostile actions.

ABC News Signs George Stephanopoulos to Four-Year Contract Extension.
The star anchor's five-year deal expires this year.

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