Tag: Deal

Papua New Guinea inks new police deal with Australia

PORT MORESBY, Feb 1, 2024 (AFP) – Australia will plough millions more dollars into Papua New Guinea’s police force under a four-year deal designed to underscore a “traditional” security partnership in the face of growing Chinese influence. Canberra will spend about US$25 million on renovating and expanding police barracks and housing, according to the deal revealed late Wednesday. The investment represents a bid to help the beleaguered police force, while cementing long-standing security ties that […]

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Netanyahu rejects conditions for hostage release

JERUSALEM, Jan 21, 2024 (AFP) – Israeli Prime Minister Benjamin Netanyahu said on Sunday he had rejected conditions demanded by Hamas militants for the release of hostages, hours after the group released a report justifying its October 7 attack on Israel. “In exchange for the release of our hostages, Hamas demands an end to the war, the withdrawal of our forces from Gaza, the release of all murderers…. If we accept this, our soldiers have […]

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Last-minute push for historic fossil fuel deal at UN climate talks

DUBAI, Dec 11, 2023 (AFP) – UN climate talks enter their endgame on Monday as negotiators seek to convince an increasingly isolated Saudi Arabia and other holdouts to give up their opposition to a historic phase-out of fossil fuels. With 24 hours to go before the official end of COP28 in Dubai, a new draft deal was expected in the morning in the hope that the right language may have finally been found to achieve […]

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39 Palestinians released under hostage deal return home

JERUSALEM, Nov 26, 2023 (AFP) – Prison authorities in Israel announced early Sunday that they had released 39 Palestinian detainees, after Hamas freed 13 hostages under an agreement that came into force on Friday. The freed Palestinian prisoners are all women and people under the age of 19, while the hostages released by Hamas are all women and children. The agreement is supposed to last four days and allow the release of 50 Israelis and […]

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United Arab Emirates to supply Germany with gas, diesel: deal

Abu Dhabi, United Arab Emirates (AFP) The United Arab Emirates agreed Sunday an “energy security” agreement with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies. Emirati industry minister Sultan Ahmed Al Jaber called it a “landmark new agreement” that “reinforces the rapidly growing energy partnership between the UAE and Germany” as he signed the deal, which was witnessed by Chancellor Olaf Scholz, the UAE’s […]

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Asian markets rise as China, US finally put pen to paper on deal

HONG KONG, China (AFP) — Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season. After years of painstaking on-off talks between the economic superpowers, Donald Trump finally put pen to paper on an agreement that lowers tensions between the two and provides a major boost to the global outlook. […]

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China says US trade deal ‘addresses concerns’

BEIJING, China (AFP) — A trade deal signed Wednesday between Washington and Beijing has “considerably addressed the concerns” of both sides, said Chinese Vice Premier Liu He, as the world’s two biggest economies marked a truce in the lingering trade impasse. Liu, who led negotiations for Beijing, added in a briefing with Chinese media that the freshly-inked “phase one” deal bears both economic and political significance, reported the official Xinhua news agency. The US and […]

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Asian markets boosted by trade deal optimism

HONG KONG, China (AFP) — Asian markets rallied Monday after China and the US said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while EU leaders consider extending a deadline for Britain to leave the bloc. Investors tracked a strong lead from Wall Street, where the S&P 500 flirted with another record after the US Trade Representative’s office said the top-level negotiators had held […]

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May postpones her final Brexit showdown

by Dmitry ZAKS LONDON, United Kingdom (AFP) — The British government on Thursday postponed Theresa May’s final Brexit showdown in parliament following an outcry over concessions that looked set to speed up the end of her tumultuous spell as premier. The increasingly isolated Conservative premier is facing the prospect of being forced to resign without have achieved her mission to guide her fractured country out of the European Union after nearly 50 years of membership. […]

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Lack of US-China trade deal weighs on Asian markets

HONG KONG, China (AFP) — Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market. Investors watched the latest developments warily in the trade war between the world’s top two economies, after negotiations in Washington ended Friday without agreement and a tariff hike on Chinese imports went into effect. White House economic advisor Larry Kudlow said US President Donald Trump […]

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Trump moves to strangle Iran economy as nuclear deal withers

by Shaun Tandon with Amir Havasi in Tehran WASHINGTON, United States (AFP) — US President Donald Trump on Wednesday tightened the screws further on Iran with sanctions on its mining industry after a frustrated Tehran said it would suspend some promises it made under a nuclear deal rejected by Washington. On the anniversary of Trump’s withdrawal from the accord he denounced as “horrible,” tensions were soaring after the United States deployed an aircraft carrier strike […]

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Wall Street rallies amid Brexit, Boeing turmoil

NEW YORK, United States (AFP) — Wall Street held on to solid gains on Wednesday, rallying as British lawmakers ruled out a no-deal Brexit and President Donald Trump became among the last world leaders to ground Boeing’s 737 MAX aircraft. Investors also were cheered by economic data showing the US manufacturing sector had a boost in January and wholesale inflation remained tame in February. Shares in Boeing bounced erratically after Trump’s decision to ground all […]

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