South Korea’s Hanwha Group has purchased a 9.9% stake in Australian shipbuilder Austal for A$4.45 per share, after proposing a full takeover a year earlier. Hanwha aims to establish a long-term partnership with Austal instead of pursuing complete ownership, as both companies look to expand their US operations in the wake of President Trump’s focus on American shipbuilding. Last year, Hanwha acquired US shipbuilder Philly Shipyard, enhancing its presence in the American market.
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Singapore says denial of aid in Gaza violates international humanitarian law
SINGAPORE: On July 24, Singapore issued strong comments regarding the situation in Gaza, condemning Israel's military actions as “unconscionable” and a violation of international humanitarian law due to mass starvation and aid denial. The Ministry of Foreign Affairs called for an immediate ceasefire, urged the lifting of aid restrictions, and reiterated support for a two-state solution to ensure peace and security for both Israelis and Palestinians. Want More Context? 🔎
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