The Albanese government declined to join a new U.S.-U.K. nuclear technology agreement, leading to controversy as Australia was initially included but later removed from the list of signatories. Australia, not having a nuclear energy industry, will remain an observer in the AUKUS alliance for nuclear-powered submarines. Opposition leader Peter Dutton criticized the decision, while Deputy Prime Minister Richard Marles raised concerns about potential cost increases if Australia pursued nuclear energy.
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About 300 employees laid off by China-linked Singapore firm facing US sanctions over Iran oil shipments
Read a summary of this article on FAST.SINGAPORE: A China-linked, Singapore-based firm, CCIC Singapore, has laid off hundreds of employees and is going into liquidation due to US sanctions for its role in obscuring the origins of Iranian oil shipments. The firm, a subsidiary of a state-owned enterprise, notified employees of retrenchments after being blacklisted on May 13, leading to salary delays and dissatisfaction over severance packages. Employees have reached out to labor organizations for...
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