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Australia reaches settlement with France over scrapped submarine deal

Australia reaches settlement with France over scrapped submarine deal

French President Emmanuel Macron and former Australian Prime Minister Malcolm Turnbull stand on the deck of HMAS Waller, a Collins-class submarine operated by the Royal Australian Navy, at Garden Island in Sydney on May 2, 2018.

Ludovic Marin | Afp | Getty Images

Australia’s new Labor-led government has reached a 555 million euro ($583.58 million) settlement over a controversial decision last year to scrap the French submarine deal, a move…


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