💨 Abstract

Australia has initiated its first $500 million payment under the AUKUS nuclear submarine deal with the US, ahead of a defense meeting in Washington. The payment demonstrates Australia's commitment as a security partner. The meeting will discuss regional security and growing US military presence in Australia. Australia plans to double its defense budget over the next decade and emphasizes the substantial US-Australia trade surplus.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖