The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Malaysia joined Indonesia in expressing concern that a new security pact involving Australia, the US and the UK may spark a nuclear arms race in the Indo-Pacific region.
Australia’s Prime Minister Scott Morrison called his Malaysian counterpart Ismail Sabri Yaakob to explain that the formation of the tripartite group — known as AUKUS — was to help it acquire nuclear-powered submarines, according to a statement from the Malaysian government.
Ismail told Morrison he was concerned AUKUS could provoke other powers to act more aggressively in the region, especially in the South China Sea. The two leaders renewed commitments to ensure peace, especially in the Indo-Pacific, according to the statement.