US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal

By Kirsty Needham SYDNEY (Reuters) – The AUKUS nuclear-powered submarine partnership with Australia will benefit the United States and is the kind of “burden sharing” deal that President-elect Donald Trump has talked about, U.S. national security adviser Jake Sullivan said. In an interview with Australia’s Lowy Institute think tank published on Tuesday, Sullivan said he …

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Barrick Gold threatens to suspend Mali operations over blocked exports

(Reuters) -Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said on Monday as it struggles to reach agreement with authorities on a new mining code in the West African country. Conditions at the miner’s Loulo-Gounkoto complex have “deteriorated significantly”, Barrick said, adding that employees have been imprisoned …

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Trump to meet Netflix co-CEO Ted Sarandos, source says

By Dawn Chmielewski (Reuters) -U.S. President-elect Donald Trump is scheduled to meet with Netflix co-CEO Ted Sarandos on Tuesday at Trump’s Mar-a-Lago resort, a source familiar with the matter told Reuters on Monday. Sarandos has traditionally backed Democratic Party candidates, making donations to support President Joe Biden, former President Barack Obama and Democratic presidential nominee …

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Australia takes Exxon’s local petrol brand to court over false fuel representations

(Reuters) -Australia’s competition watchdog said on Tuesday it has taken Exxon Mobil’s local brand affiliate to court, claiming it misled customers about fuel sold at six of its branded petrol stations in Queensland. Mobil is a petroleum brand owned and operated by American oil and gas corporation Exxon Mobil. The Australian Competition and Consumer Commission …

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VW talks drag into the night as union says outcome is ‘far from clear’

By Victoria Waldersee HANOVER, Germany (Reuters) -Volkswagen management and labour representatives negotiated late into the night on Monday in a last-ditch round of talks on cost cuts before Christmas, with unions saying it remained far from clear whether compromise would be reached. Talks ended after around 13 hours of negotiation in the early hours on …

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New Zealand expects to post budget deficits over five-year forecast period

By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s Treasury on Tuesday outlined rising unemployment, a slower improvement to the economy and a weaker balance sheet, as the government projected it would not be able to return to surplus within its five-year forecast period. “The Half Year Economic and Fiscal Update released today …

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Singapore’s November exports rise 3.4% y/y, stronger than forecast

SINGAPORE (Reuters) – Singapore’s non-oil domestic exports rose 3.4% in November from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased while non-electronics declined. The rise compared with a revised fall of 4.7% in October and a Reuters poll forecast of a 0.7% drop. On a month-on-month seasonally adjusted basis, …

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Russia to boost its ballistic arsenal with new missiles and testing, commander says

By Lidia Kelly (Reuters) -Russia is boosting its ballistic arsenal with new strategic missile systems, plans maximum-range launches and may increase testing in response to growing external threats, a senior Russian military commander said on Monday. In a clear warning that Russia will respond if it deems its security is threatened, Sergei Karakayev, the commander …

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