Hedging our bets: the existential questions facing Australia’s next government in unpredictable times

The world is a more dangerous place. Global conflicts have doubled over the past five years, according to Armed Conflict Location and Event Data (Acled). In 2024 alone, one person in eight across the world was exposed to conflict: political violence increased by a quarter, by factors worse in countries that held elections. Australian political leaders of all stripes couch it in shared aphorism: the most “challenging strategic circumstances since WWII”. Violence, of course, never went away. It ebbed in some periods, but the myth of the triumph of liberal…

Trump tells interviewer Crimea ‘will stay with Russia’ in any Ukraine peace deal – live

From 26m ago Trump: Crimea ‘will stay with Russia’ – report Donald Trump has said in an interview with Time magazine that Crimea “will stay with Russia” as part of peace negotiations with Ukraine. Trump accused Zelenskyy on Wednesday of prolonging the “killing field” by refusing to surrender the Russia-occupied Crimea peninsula as part of a possible deal. Russia illegally annexed that area in 2014. Zelenskyy has repeated many times during the war that recognizing occupied territory as Russian is a red line for his country. Share Updated at 07.40 EDT…

Ukraine war briefing: Kyiv sanctions three Chinese companies accused of helping Russia

Ukraine imposed sanctions on three Chinese companies on Friday, claiming they were involved in the production of advanced Iskander missiles. The sanctions list, which also includes Russian companies, names Beijing Aviation & Aerospace Xianghui Technology, Rui Jin Machinery and Zhongfu Shenying Carbon Fiber Xining, all registered in China. Ukraine’s president, Volodymyr Zelenskyy, said on X: “Today, we have expanded our Ukrainian sanctions against nearly a hundred more entities – natural and legal persons – most of whom are involved in the production of such missiles – Iskanders – like those…

China dismisses Zelenskyy’s claim it has supplied weapons to Russia

China’s foreign ministry has dismissed as “groundless” the accusation by Volodymyr Zelenskyy that the country had been supplying weapons to Russia. The comments, made at a regular press briefing in Beijing on Friday, came a day after the Ukrainian president said China was supplying weapons to Russia, including gunpowder and artillery, and that Chinese representatives were involved in weapons production on Russian territory. In response, the ministry’s spokesperson, Lin Jian, said China had never made lethal weapons available to any party in the Ukraine crisis. “China’s position on the Ukrainian…

UK ‘helping Russia pay for its war on Ukraine’ via loophole on refined oil imports

The UK has been accused of “helping Russia pay for its war on Ukraine” by continuing to import record amounts of refined oil from countries processing Kremlin fossil fuels. Government data analysed by the environmental news site Desmog shows that imports of refined oil from India, China and Turkey amounted to £2.2bn in 2023, the same record value as the previous year, up from £434.2m in 2021. Russia is the largest crude oil supplier to India and China, while Turkey has become one of the biggest importers of Russian oil…

Global defence budget jumps to record high of $2440bn

Global military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on arms in over a decade, according to a report. The 6.8% increase between 2022 and 2023 was the steepest since 2009, pushing spending to the highest recorded by the Stockholm International Peace Research Institute (Sipri) in its 60-year history. For the first time, analysts at the thinktank recorded a rise in military outlay in all five geographical regions: Africa, Europe, the Middle East, Asia and Oceania and the Americas. Nan…

New Cold Wars review: China, Russia and Biden’s daunting task

Russia bombards Ukraine. Israel and Hamas are locked in a danse macabre. The threat of outright war between Jerusalem and Tehran grows daily. Beijing and Washington snarl. In a moment like this, David Sanger’s latest book, subtitled China’s Rise, Russia’s Invasion, and America’s Struggle to Defend the West, is a must-read. Painstakingly researched, New Cold Wars brims with on-record interviews and observations by thinly veiled sources. Officials closest to the president talk with an eye on posterity. The words of the CIA director, Bill Burns, repeatedly appear on the page.…

UK firms may be barred from funding emerging tech in hostile countries

Ministers are considering blocking British investors from funding emerging technologies in hostile countries if they believe the technology could pose a threat to UK security, the deputy prime minister has said. Oliver Dowden said on Thursday the government would consult on curbing British investment abroad, after becoming concerned that money from the UK could be used to finance projects that could undermine national security. His comments come eight months after the Biden administration gave regulators the power to stop US investment in Chinese institutions in three sectors: semiconductors, quantum computing…

German chancellor urges Xi Jinping to press Russia to end Ukraine war, saying ‘China’s word carries weight’

Germany’s chancellor, Olaf Scholz, says he has urged Xi Jinping to press Russia to end its “senseless” war in Ukraine and that the Chinese president has agreed to back a peace conference in Switzerland. Scholz said after a meeting with Xi in Beijing on Tuesday that “China’s word carries weight in Russia”. “I have therefore asked President Xi to influence Russia so that Putin finally calls off his senseless campaign, withdraw his troops and ends this terrible war,” he said on social media platform X. Scholz said Xi had agreed…

Undersea ‘hybrid warfare’ threatens security of 1bn, Nato commander warns

The security of nearly 1 billion people across Europe and North America is under threat from Russian attempts to target the extensive vulnerabilities of underwater infrastructure including windfarms, pipelines and power cables, a Nato commander has warned. V Adm Didier Maleterre, the deputy commander of Nato’s Allied Maritime Command (Marcom), said the network of underwater cables and pipes on which Europe’s power and communications depend were not built to withstand the “hybrid warfare” being pursued by Moscow and other Nato adversaries. “We know the Russians have developed a lot of…