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UK companies a 4 billion pound ( USD 4.9 bn) contract to design and manufacture a nuclear-powered attack submarine as part of the country's AUKUS programme with Australia and the United States, Al Jazeera reported. The first of the submarines will be delivered into service in the UK in the late 2030s and the first Australian ones will follow in the early 2040s. The SSN-AUKUS program aims to enhance the capabilities of the UK, Australia, and the US to counter regional security challenges, particularly from China in the Asia-Pacific region, Al Jazeera reported. UK's Defence Ministry in a statement on Sunday said that the contract with BAE Systems, Rolls-Royce and Babcock «represents a significant milestone for both the UK and the trilateral AUKUS programme as a whole». It said that the new submarines, known as SSN-AUKUS, «will be the largest, most advanced and most powerful attack submarines ever operated» by the Royal Navy and will «combine world-leading sensors, design and weaponry in one vessel». The plans for SSN-AUKUS were unveiled in March by the leaders of Australia, the UK and the US and came as the three countries ramped up their efforts to counter China in the Asia Pacific region. The nuclear-powered vessels — which have far greater stealth and range and mark the first time Washington has shared nuclear-propulsion technology with a country other than the UK — represent a significant upgrade to Australia's current diesel-powered fleet, as per Al Jazeera. Previously, Australian Defence Minister Richard Marles described the AUKUS deal as «the biggest step forward in our military capability that we've had since the end of World War II». Through the AUKUS, Washington intends to sell Canberra up to five of its

Microsoft CEO Satya Nadella says unfair tactics used by Google led to its dominance as a search engine, tactics that in turn have thwarted his company’s rival program, Bing

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

MOSCOW (Reuters) — The Kremlin said on Monday it believed a decision by U.S. Congress to pass a stopgap funding bill that omitted aid for Ukraine was a temporary setback for Kyiv, but forecast war fatigue in the West would grow and increasingly split opinion.

Khalistani terrorist Hardeep Singh Nijjar’s killing on Canadian soil have further worsened ties. Canada hasn’t provided any evidence.

stopgap bill that drew more support from Democrats than Republicans. Soon after the House approved the bill, the Republican conservatives began targeting McCarthy's role as speaker, claiming he had scored a victory for the "Uniparty" of Washington. "Should he remain Speaker of the House?" Republican Representative Andy Biggs, a leading hardliner, asked on the social platform X, formerly known as Twitter.

By David Morgan

US aid for Ukraine hangs in the balance after a last-gasp deal to avoid a government shutdown, despite President Joe Biden's attempts to reassure Kyiv it will get what it needs to fight Russia. Barely a week after President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans. Biden and his Democratic party say America has a duty to help Ukraine stand up to Russian President Vladimir Putin's brutal invasion, warning that a failure to do so could embolden other autocrats in the future. But the issue has become so politicized in Washington that the fate of vital military aid is now in jeopardy, just as Kyiv tries to make progress in its sluggish counteroffensive before winter sets in. Biden urged Republican House Speaker Kevin McCarthy on Sunday to «stop the games» and said he «fully expects» him to secure passage of a separate bill for Ukraine funding soon. «I want to assure our American allies, the American people and the people in Ukraine that you can count on our support.

FOX News senior congressional correspondent Chad Pegram reports on Congress’ efforts to avoid a government shutdown.

By Richard Cowan

Dianne Feinstein was the first female senator to be elected from California, she served six terms and became the longest-serving woman senator in American history. She died on Friday at her Washington home at the age of 90. Feinstein served Senate for thirty years and was the key person in moving many important bills in the house.

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

Investing.com -- U.S. stock markets remain on course for a September slump heading into the final trading day of the month, despite a positive session on Wall Street on Thursday. As the latest quarter also draws to a close, a gauge of inflation closely-watched by the Federal Reserve will be in focus, while investors will be keeping an eye on a tense budget fight in Washington ahead of a possible government shutdown this weekend.

shut down the government—and once again the fight is a costly addition to the country’s economic problems. If Congress and the Biden administration do not strike a deal to fund the federal government, from October 1st it may need to furlough employees and freeze non-essential payments. House Republicans cannot even agree among themselves about what spending cuts to demand of the Senate and the White House, with hardliners seeking to sabotage a bipartisan deal struck in the summer.

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown. The recent move in Treasury yields to 16-year highs has loomed over the stock market, which has pulled back after the Federal Reserve last week signaled a hawkish long-term outlook for interest rates. The benchmark 10-year Treasury yield pausing at around 4.6% was bringing «relief,» said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Co. «Markets in general the last few days have been really, really choppy,» Stucky said. «A little bit of a counter trend rally is to be expected after three or four pretty sharply negative days.» The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34, the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70 and the Nasdaq Composite gained 108.43 points, or 0.83%, to 13,201.28. Among S&P 500 sectors, the communication services group gained 1.2%, while materials rose 1%.

NEW DELHI : The US has urged India to cooperate with Canada’s investigation into the killing of Hardeep Singh Nijjar, state department spokesperson Matthew Miller said before a meeting between foreign minister S. Jaishankar and his opposite number, secretary of state Anthony Blinken.

With persistent gridlock in Washington, a government shutdown looks more and more likely ahead of this weekend's deadline

The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders convened in Washington, D.C. 

By Moira Warburton and David Morgan

By Sarah N. Lynch