Australia Archives - Political Economy Journal

AUKUS in breach of NPT, damaging regional security

09

Oct

AUKUS, Australia, China, Clare Daly, European Parliament, France, Indo-Pacific, regional security, Russia, UK, US

AUKUS in breach of NPT, damaging regional security

PEJOURNAL - Trade talks between Australia and the European Union have been postponed as a row with France over the so-called AUKUS security partnership deepens. AUKUS is a security pact between Australia, the US and UK. It allows for greater sharing of intelligence, but crucially it gives Australia secret technology to build nuclear-powered submarines, though not equipped with nuclear weapons. Last month, Canberra canceled a $37bn ($27.5bn) deal with France to build a fleet of conventional submarines. Instead, it will build at least eight nuclear-powered submarines with US and UK technology. The decision angered Paris, which called the deal a "stab in…

AUKUS: From breaking the Non‑Proliferation of Nuclear Weapons to the global insecurity

19

Sep

AUKUS, Australia, China, EU, France, global insecurity, Israel, NATO, Non‑Proliferation, Nuclear Weapons, Pooya Mirzaei, Russia, South China Sea, the United States, UK

AUKUS: From breaking the Non‑Proliferation of Nuclear Weapons to the global insecurity

BY: Pooya Mirzaei PEJOURNAL - The leaders of the United States, Britain and Australia signed a diplomatic, security and military co-operation agreement targeting the Indo-Pacific region, that is called AUKUS. The key point in AUKUS is that Australia's nuclear submarine program will be the first major project of this pact that will help Australia acquire nuclear submarines. Although the media and political circles claim that the purpose of AUKUS agreement is to counter China's growing influence in the world, a deep look at AUKUS reveals several important points: First; The agreement focuses on Australia's acquisition of a nuclear submarine in…

QUAD; creating an atmosphere of pessimism against China

24

Jul

ASEAN, Australia, China, COVID, India, Japan, Quad, Quadrilateral Security Dialogue, the United States

QUAD; creating an atmosphere of pessimism against China

BY: William Holmes PEJOURNAL - Former Japanese Prime Minister Shinzo Abe's legacy as the founder of the QUAD in 2007 was supposed to bring "freedom and prosperity" to the Asia-Pacific area, which ran into problems; and the group was able to meet only once in 2007 and ended its work with a military exercise. With the withdrawal of Australia from the group, which was done due to the improvement of its relations with Beijing, the group's activities were interrupted for more than a decade. In 2012, Japan promoted the group's idea as a "QUAD of democratic security" and thus challenged…

Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

02

Sep

Australia, Bass Strait, Casey Norton, coronavirus, Exxon Mobil, job cuts

Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

PEJOURNAL - Exxon Mobil Corp (XOM.N) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon Mobil is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters. “We have evaluations underway on a country-by-country basis to…