It's been declared an unexpected fashion icon. Now it's coming to Canberra
In recent months, a Chanel beauty and fragrance store has opened, and it has been announced that a giant new Mecca will take the place of Zara in the centre's Ainslie Mall precinct. High-end Australian brands Scanlan Theodore and Rebecca Vallance will make their Canberra debuts, while the much-loved mid-range Kookai will return, after closing its Canberra store some years ago.
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Sydney Morning Herald
an hour ago
- Sydney Morning Herald
‘Wouldn't put a number on it': Marles open to raising defence spending after Hegseth meeting
US Defence Secretary Pete Hegseth has pushed his Australian counterpart, Richard Marles, to ramp up defence spending to counter China's increasing assertiveness in the Indo-Pacific, as the two men talked up the strength of the alliance under the Trump administration. Marles would not divulge what spending figure the pair had discussed, but America's demand would be likely to mean billions of dollars in extra defence funding. Marles confirmed Australia was open to further budget increases after meeting with Hegseth on the sidelines of the Shangri-La Dialogue in Singapore, Asia's top defence summit, as he prepared to deliver a speech on Saturday warning of the risk of an unchecked arms build-up by China and other major nuclear powers. 'I wouldn't put a number on it. The need to increase defence spending is something that he definitely raised,' Marles told ABC TV on Friday. 'We have done a lot already, but we are absolutely up for having this conversation, and we want to calibrate our defence spending to meet the strategic moment that we all face.' Marles said Hegseth's request was consistent with the broader push by the Trump administration for its allies to spend more on defence in order to benefit from the US security guarantee. Hegseth's defence expenditure drive builds on similar calls by Pentagon policy chief Elbridge Colby, who in March said Australia's military spending should rise to at least 3 per cent of gross domestic product, saying Canberra faced a 'powerful challenge in China'. It comes after Prime Minister Anthony Albanese on Thursday criticised a report by the Australian Strategic Policy Institute, which found a lack of short-term defence funding had left the Australian Defence Force unprepared for conflict, and also called for an expenditure increase to 3 per cent of GDP.
The Age
an hour ago
- The Age
‘Wouldn't put a number on it': Marles open to raising defence spending after Hegseth meeting
US Defence Secretary Pete Hegseth has pushed his Australian counterpart, Richard Marles, to ramp up defence spending to counter China's increasing assertiveness in the Indo-Pacific, as the two men talked up the strength of the alliance under the Trump administration. Marles would not divulge what spending figure the pair had discussed, but America's demand would be likely to mean billions of dollars in extra defence funding. Marles confirmed Australia was open to further budget increases after meeting with Hegseth on the sidelines of the Shangri-La Dialogue in Singapore, Asia's top defence summit, as he prepared to deliver a speech on Saturday warning of the risk of an unchecked arms build-up by China and other major nuclear powers. 'I wouldn't put a number on it. The need to increase defence spending is something that he definitely raised,' Marles told ABC TV on Friday. 'We have done a lot already, but we are absolutely up for having this conversation, and we want to calibrate our defence spending to meet the strategic moment that we all face.' Marles said Hegseth's request was consistent with the broader push by the Trump administration for its allies to spend more on defence in order to benefit from the US security guarantee. Hegseth's defence expenditure drive builds on similar calls by Pentagon policy chief Elbridge Colby, who in March said Australia's military spending should rise to at least 3 per cent of gross domestic product, saying Canberra faced a 'powerful challenge in China'. It comes after Prime Minister Anthony Albanese on Thursday criticised a report by the Australian Strategic Policy Institute, which found a lack of short-term defence funding had left the Australian Defence Force unprepared for conflict, and also called for an expenditure increase to 3 per cent of GDP.
AU Financial Review
4 hours ago
- AU Financial Review
Lithium rout intensifies as UBS urges clients to sell
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