logo
Starmer confident Trump will back Aukus pact after US launches review

Starmer confident Trump will back Aukus pact after US launches review

Yahoo6 hours ago

Sir Keir Starmer said he is confident Donald Trump will back a nuclear submarine pact with the UK and Australia after America launched a review of the multibillion-pound deal.
Speaking to reporters ahead of the G7 summit in Canada, the Prime Minister said he did not have 'any doubt' that the agreement would progress.
The trilateral Aukus partnership, believed to be aimed at countering China, involves building a new fleet of nuclear-powered attack submarines and co-operating in other areas of defence.
Australia would also get its first subs from the US under the deal.
Asked what his message to the US president would be on the importance of the pact, Sir Keir, who is due to meet Mr Trump in Kananaskis next week, said: 'Aukus is really important. We're fully committed to it.'
Sir Keir added it was 'not unusual for an incoming government to do a review of a project like that', and that Labour had done similar.
'We, of course, looked into the issue when we came into government.. But I'm 100% committed to it. I'm really clear about that.'
Asked if he was confident Mr Trump would back it, he said: 'Yeah, I think so. It's a really important project. So I don't have any doubt that this will progress.'
Confirming the review on Thursday, the White House said it wanted to make sure the pact was 'aligned with the president's America First agenda.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold hits near 2-month high as Middle East conflict boosts safe-haven demand
Gold hits near 2-month high as Middle East conflict boosts safe-haven demand

Yahoo

time29 minutes ago

  • Yahoo

Gold hits near 2-month high as Middle East conflict boosts safe-haven demand

By Brijesh Patel (Reuters) -Gold rose for a fourth straight session to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets. Spot gold gained 0.3% to $3,442.09 an ounce, as of 0246 GMT, after hitting its highest level since April 22 earlier in the session. U.S. gold futures advanced 0.3% to $3,461.90. "It's the joint political risk premium that's rising due to the Iran-Israel conflict at this point that is boosted safe-haven demand for gold," said Kelvin Wong, a senior market analyst, Asia Pacific at OANDA. "We have a clear break above $3,400 right now and the short term uptrend is intact. We are seeing resistance level at $3,500 and with the possibility of breaking new high above the $3,500 level." Israel and Iran launched fresh attacks on Sunday, killing and wounding civilians and raising concerns of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes. U.S. President Donald Trump said he hopes Israel and Iran can broker a deal but said sometimes countries have to fight it out first. Gold often considered a safe-haven asset during times of geopolitical and economic uncertainty. Investors this week will look forward to host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on Wednesday. The U.S. central bank is widely anticipated to keep interest rates steady, with markets awaiting for signals on potential rate cuts in the months ahead. Futures markets suggest expectations for two rate cuts by year-end, possibly starting in September, bolstered by tame inflation data last week. [FEDWATCH] Elsewhere, spot silver steady at $36.29 per ounce, platinum rose 0.4% to $1,233.87, while palladium gained 1.3% to $1,040.96.

G7 leaders gather in Canada for a summit overshadowed by Israel-Iran crisis and trade wars
G7 leaders gather in Canada for a summit overshadowed by Israel-Iran crisis and trade wars

The Hill

time32 minutes ago

  • The Hill

G7 leaders gather in Canada for a summit overshadowed by Israel-Iran crisis and trade wars

KANANASKIS, Alberta (AP) — Leaders of some of the world's biggest economic powers arrived in the Canadian Rockies on Sunday for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran and U.S. President Donald Trump's unresolved trade war. Israel's strikes on Iran and Tehran's retaliation, which appeared to catch many world leaders unawares, is the latest sign of a more volatile world. Trump in recent days vetoed an Israeli plan to kill Iran's Supreme Leader Ayatollah Ali Khamenei, a U.S. official told The Associated Press, in an indication of how far Israel was prepared to go. British Prime Minister Keir Starmer said he had discussed efforts to de-escalate the crisis with Trump and Israeli Prime Minister Benjamin Netanyahu, as well as other world leaders and said he expected 'intense discussions' would continue at the summit. As summit host, Canadian Prime Minister Mark Carney has decided to abandon the annual practice of issuing a joint statement, or communique, at the end of the meeting. With other leaders wanting to talk to Trump in an effort to talk him out of imposing tariffs, the summit risks being a series of bilateral conversations rather than a show of unity. Trump is the summit wild card. Looming over the meeting are his inflammatory threats to make Canada the 51st state and take over Greenland. French President Emmanuel Macron visited Greenland on Sunday for a highly symbolic stop on his way to Canada. Macron warned that Greenland is 'not to be sold' nor 'to be taken.' 'Everybody in France, the European Union thinks that Greenland is not to be sold, not to be taken,' he said during a news conference, applauded by the local crowd. 'The situation in Greenland is clearly a wakeup call for all Europeans. Let me tell you very directly that you're not alone,' Macron added. Trump's plane landed in Alberta late Sunday. He will have a bilateral meeting with Carney on Monday morning before the summit program begins. Leaders who are not part of the G7 but have been invited to the summit by Carney include the heads of state of India, Ukraine, Brazil, South Africa, South Korea, Australia, Mexico and the UAE. Avoiding tariffs will continue to be top of mind. Asked if he planned to announce any trade agreements at the G7 as he left the White House on Sunday, Trump said: 'We have our trade deals. All we have to do is send a letter: 'This is what you're going to have to pay.' But I think we'll have a few, few new trade deals.' Bilateral meetings with the American president can be fraught as Trump has used them to try to intimidate the leaders of Ukraine and South Africa. Former Canadian Prime Minister Jean Chrétien told a panel this week that if Trump does act out, leaders should ignore him and remain calm like Carney did in his recent Oval Office meeting. 'He tends to be a bully,' Chrétien said. 'If Trump has decided to make a show to be in the news, he will do something crazy. Let him do it and keep talking normally.' Last month Britain and the U.S. announced they had struck a trade deal that will slash American tariffs on U.K. autos, steel and aluminum. It has yet to take effect, however, though British officials say they are not concerned the Trump administration might go back on its word. Starmer's attempts to woo Trump have left him in an awkward position with Canada, the U.K.'s former colony, close ally and fellow Commonwealth member. Starmer has also drawn criticism — especially from Canadians — for failing to address Trump's stated desire to make Canada the 51st state. Asked if he has told Trump to stop the 51st state threats, Starmer told The Associated Press: 'I'm not going to get into the precise conversations I've had, but let me be absolutely clear: Canada is an independent, sovereign country and a much-valued member of the Commonwealth.' The war in Ukraine will be on the agenda. President Volodymyr Zelenskyy is due to attend the summit and is expected to meet with Trump, a reunion coming just months after their bruising Oval Office encounter which laid bare the risks of having a meeting with the U.S. president. Starmer met with Carney in Ottawa before the summit for talks focused on security and trade, in the first visit to Canada by a British prime minister for eight years. German officials were keen to counter the suggestion that the summit would be a 'six against one' event, noting that the G7 countries have plenty of differences of emphasis among themselves on various issues. 'The only the problem you cannot forecast is what the president of the United States will do depending on the mood, the need to be in the news,' said Chrétien. ____ Lawless reported from Ottawa, Ontario. AP writers Josh Boak in Calgary, Alberta, Aamer Madhani in Washington, Sylvie Corbet in Paris and Geir Moulson in Berlin contributed to this report.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store