Tag: Australia

The Secret Talks Behind the U.S. Deal That France Called a ‘Betrayal’

Chin@Strategy

According to French officials, Mr. Blinken also stayed silent on June 25 when his French counterpart, Jean-Yves Le Drian, welcomed him back to Paris — where Mr. Blinken spent his high school years — and extolled the importance of the French submarine deal. And as recently as Aug. 30, when the French and Australian defense and foreign ministers held their annual “consultation,” they issued a joint communiqué that said the two countries were committed to deepening cooperation in the defense industry and “underlined the importance of the Future Submarine program.”…

In Submarine Deal With Australia, U.S. Counters China but Enrages France

Chin@Strategy

PARIS — President Biden’s announcement of a deal to help Australia deploy nuclear-powered submarines has strained the Western alliance, infuriating France and foreshadowing how the conflicting American and European responses to confrontation with China may redraw the global strategic map. In announcing the deal on Wednesday, Mr. Biden said it was meant to reinforce alliances and update them as strategic priorities shift. But in drawing a Pacific ally closer to meet the China challenge, he appears to have alienated an important European one and aggravated already tense relations with Beijing.…

Why Australia Bet the House on Lasting American Power in Asia

Chin@Strategy

Speaking Thursday, Mr. Morrison said the reinforced security alliance with the United States and Britain, which will include collaborations on artificial intelligence and other emerging technology, reflected the needs of a more dangerous dynamic in the Asia-Pacific region. “The relatively benign environment we’ve enjoyed for many decades in our region is behind us,” he said, without directly mentioning China. “We have entered a new era with new challenges for Australia and our partners.” Some security analysts argued that China’s recent retaliation against Australia over its harder line — slashing imports…

Luxury’s Gray Market Is Emerging From the Shadows

Chin@Strategy

Imagine you are hunting online for a pair of square-toed slides from Bottega Veneta, one of the most-hyped luxury brands of the moment. A new season pair can cost more than $550 from the brand’s website, an old-guard department store like Neiman Marcus or a newer e-commerce player like Net-a-Porter. But what if you chose to buy from Cettire, a website offering discounts of up to 30 percent on the latest fashion styles? You would be a player in the multibillion-dollar luxury “gray” market, a fast-growing sales sector that has…