Trump-Netanyahu Rift Deepens Over Middle East-N18G
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News18
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President receives PM Modi at Malr airport, breaking protocol in grand welcome gesture
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Time of India
26 minutes ago
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Britain, Australia to sign 50-year nuclear submarine treaty
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by President Donald Trump's administration of the United States' role in the trilateral defence Defence Secretary John Healey and Foreign Secretary David Lammy met Friday with their Australian counterparts Richard Marles and Penny Wong in Sydney for an annual bilateral said he and Healey will sign a 50-year treaty Saturday that will underpin bilateral cooperation on building an Australian fleet of submarines powered by US nuclear technology."It is as significant a treaty as has been signed between our two countries since federation," Marles said, referring to the unification of several British colonies to form the Australian government in three-way alliance was announced in 2021 to contend with growing Chinese military might in the Asia-Pacific region. It would deliver Australia at least eight submarines, including three to five second-hand US Virginia-class submarines . Britain and Australia would cooperate to build their own SSN-AUKUS reviewing AUKUS trilateral submarine dealUS Defence Secretary Pete Hegseth is reviewing the pact, known by the acronym AUKUS, that was entered into by the US President Joe Biden's administration. There are concerns that the US won't provide Australia with its first Virginia-class submarine by the early 2030s as planned because US submarine-building is behind and Healey declined to speculate on whether Britain and Australia would continue with jointly building submarines if the US pulled out when questioned at a press conference."Australia and the UK welcome the review because we see this as a chance for a new administration to renew its commitment to AUKUS. And that's what we expect," Healey said."Any sort of hypotheticals that you suggest simply aren't part of the picture," Healey added, referring to the prospect of Britain and Australia proceeding without the Australian government confirmed this week it had paid the US a second USD 500 million instalment on the AUKUS deal. The first USD 500 million was paid in submarines are expected to cost Australia up to USD 245 meeting comes as 3,000 British military personnel take part in the largest military exercise ever conducted in aircraft carrier joins Australian war gamesMore than 35,000 military personnel from 19 nations are taking part in Exercise Talisman Sabre , which began in 2005 as a biennial joint exercise between the US and and Healey will inspect the British aircraft HMS Prince of Wales at the northern port of Darwin on Sunday. The carrier is in Australia to take part in the war said the carrier's arrival in Darwin was meant to send a clear signal to the world."With our carrier strike group docking in Darwin, I think we're sending a clear signal, a signal of the UK's commitment to this region of the world. Our determination to keep the Indo-Pacific free and open, and that we stand together," he said.
News18
33 minutes ago
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Rates, US Economy And Tariffs: Why Trump Is Feuding With Fed Chief Jerome Powell?
Last Updated: Donald Trump escalates feud with Jerome Powell over interest rates, tariffs and spending, pushing for cuts as Fed Chair resists political pressure. US President Donald Trump's increasingly personal feud with Federal Reserve Chairman Jerome Powell has reached a new level of intensity with months of public criticism, insults and policy clashes over interest rates. At the heart of the conflict is Jerome Powell's continued reluctance to cut interest rates- a position grounded in the Fed's cautious, data-dependent approach to inflation and growth. Donald Trump, who appointed Jerome Powell in 2017, insists that rate cuts are essential to reviving consumer savings and aligning with his broader economic agenda. But what began as a policy disagreement has now morphed into a sustained campaign of pressure and mockery, with both men clashing in public. Early Friction: Inflation And Tariffs The first signs of real rupture emerged in January through March when the Federal Reserve chose to hold interest rates steady despite rising political pressure. On January 29, after the Fed's decision, Donald Trump posted on social media blaming the central bank's attention to 'DEI, gender ideology, green energy, and fake climate change" for the nation's inflation problems. In February, the US President attempted to link rate cuts directly to his administration's new tariff strategy, calling on the Fed to act swiftly, saying, 'Let's rock and roll, America." The conflict escalated sharply in April and May as Donald Trump began launching personal attacks on Jerome Powell, accusing him of political bias and economic incompetence. On April 4, Donald Trump posted in all caps, 'CUT INTEREST RATES JEROME AND STOP PLAYING POLITICS," signaling the start of a more direct and aggressive campaign. By mid-April, he was questioning Jerome Powell's job security, saying that his 'termination cannot come fast enough" and calling him a 'major loser." When the Fed again left interest rates unchanged on May 7, Donald Trump responded by calling Jerome Powell a 'fool" who 'doesn't have a clue." Offensive Intensifies With Replacement Talk The month of June saw the rhetoric reach an unprecedented level of hostility as Donald Trump called Jerome Powell 'truly one of the dumbest and most destructive people in government," labeling him an 'American disgrace." On June 25, while speaking at a NATO press briefing, Donald Trump said Jerome Powell had a 'low IQ" and revealed that he was considering 'three or four" potential replacements. Breakdown Of Relations: Resignation Demands And A Public Confrontation In July, the public attacks escalated further as Donald Trump called for Jerome Powell's resignation and describing him in increasingly derisive terms. On July 8, he said, 'We should get somebody in there that's going to lower interest rates" and by July 14, he was referring to Jerome Powell as a 'knucklehead" and 'stupid guy". The Rift Goes Live On Camera The feud came to a head as Donald Trump visited the Federal Reserve in person- marking the first such visit by a sitting US President in nearly 20 years. What was intended as a tour of the Fed's $2.7 billion renovation project turned into a televised confrontation as Donald Trump questioned the cost, suggesting that it had ballooned to $3.1 billion. Jerome Powell rejected the figure, saying that he hadn't heard such estimates from anyone at the Fed. view comments First Published: July 25, 2025, 16:57 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
