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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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Current price of oil as of June 23, 2026
Politicsarms, weapons, and defense

UK, Australia to recommit to defense pact at meeting in London

By
Ailbhe Rea
Ailbhe Rea
,
Ellen Milligan
Ellen Milligan
, and
Bloomberg
Bloomberg
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By
Ailbhe Rea
Ailbhe Rea
,
Ellen Milligan
Ellen Milligan
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
December 15, 2024, 7:01 PM ET
A submarine at Naval Base Point Loma in San Diego, Calif., in 2023.
A submarine at Naval Base Point Loma in San Diego, Calif., in 2023.Tayfun Coskun—Anadolu Agency via Getty Images
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The UK and Australia plan to underscore their resolve to maintain a defense pact with the US at a meeting on Monday amid concern about President-elect Donald Trump’s commitment to the agreement.

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David Lammy, the UK foreign secretary, and John Healey, the UK defense secretary, will host their Australian counterparts in London for the annual meeting, known as AUKMIN. While it was planned long before last month’s US election, both countries intend to emphasize their “steadfast commitment” to Aukus — named after Australia, the UK and US. 

Under the Aukus deal signed in 2021, the three countries have committed to delivering a fleet of nuclear-powered submarines for Australia by the 2030s to counter China’s undersea presence in the Indo-Pacific region. The deal is “one of the most strategically important collaborations for decades,” the UK government said Sunday in a news release. 

Uncertainty about Trump’s approach to Aukus is based largely on his vows to cut government spending, as well as concerns he may seek to alter terms negotiated by the current president, Joe Biden. 

Still, Trump’s hawkish approach to China may push him to want to focus more on the pact, according to Bloomberg Intelligence.

In June, former Australia Prime Minister Scott Morrison, who signed the deal with Biden and the UK’s Boris Johnson, said Trump had expressed a positive opinion toward the Aukus pact during a visit to the US in May.

Read More: Australia’s Fears Over Trump’s Return Are Baseless, Ex-PM Says

The Trump transition team didn’t immediately respond to a request for comment outside regular business hours.

The UK and Australia will also use the summit to unveil new security initiatives — including deploying a branch of the Royal Navy, the UK Carrier Strike Group, to Australia in 2025 and extending Australian training of Ukrainian armed forces.

Prime Minister Keir Starmer will be in Norway on Monday to announce plans for a green energy deal with the country before attending a defense summit in Estonia.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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