Oil prices leap to two-month highs, with Brent crude up 5 per cent overnight. The energy sector leads the gains on the ASX 200. Look back on the trading day with the ABC business and markets blog.

As Indo-Pacific geopolitical dynamics intensify, Canberra’s response to increased U.S. demands offers a critical lesson in ...

By Kirsty Needham WASHINGTON/SYDNEY (Reuters) -Australia's prime minister said on Monday his government would decide its defence capability needs before announcing defence spending, after U.S ...

WASHINGTON/SYDNEY, June 2 (Reuters) - Australia's prime minister said on Monday his government would decide its defence capability needs before announcing defence spending, after U.S. Defence ...

(EPA Images pic) US defence secretary Pete Hegseth asked Australia to increase its defense spending to 3.5% of gross domestic product during a meeting with Australian defence minister Richard ...

US Asks Australia to Increase Defense Spending to 3.5% of GDP By Kirsty Needham WASHINGTON/SYDNEY (Reuters) -Australia's prime minister said on Monday his government would decide its defence ...

Australia’s prime minister said on Monday that his government would decide its defence capability needs before announcing defence spending, after US Defence Secretary Pete Hegseth asked Canberra ...

The United States has demanded Australia lift its defence spending by billions of dollars ... $21 billion over five years on defence above current levels at the federal election, with an ...

US Secretary of Defence Pete Hegseth has urged Australia to lift defence spending to 3.5 per cent of GDP while participating in the Shangri-La Dialogue in Singapore.

The response from the prime minister, however, is that it is already lifting defence spending, that Australia sets its ... three times the crew of our current subs, if they ever arrive.

“Australia's spending on defence is measured on GDP like many nations are … we are a 2 per cent, so we are quite below par,” Mr Baxter told Sky News business reporter Ed Boyd. Read More Up Next ...