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China’s ‘historic military buildup’ is making U.S. ‘increasingly vulnerable,’ Pentagon report says

The Chinese military is in the midst of a “historic military buildup” that has made the U.S. homeland “increasingly vulnerable,” according to the latest edition of a Pentagon report on the capabilities of the Chinese military, presenting a challenge to President Donald Trump’s plans for new limitations on U.S., Chinese and Russian nuclear arsenals. Read More
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Great Barrier Reef’s Hamilton Island to be bought by US private equity firm in reported $1.2bn sale

Blackstone says it has agreed to buy popular Whitsundays island from Australian winemaking family

Hamilton Island, a popular tropical holiday destination on the Great Barrier Reef, has been sold to a US private equity firm, reportedly for $1.2bn.

New York-headquartered Blackstone – which owns the casino-hotel chain Crown Resorts – released a statement on Tuesday night announcing it had entered into an agreement to acquire the Hamilton Island resort from the Oatley family, subject to customary regulatory approvals.

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© Photograph: Creative Freedom/Getty Images

© Photograph: Creative Freedom/Getty Images

© Photograph: Creative Freedom/Getty Images

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