Australia agrees Naval payout, ending France sub dispute ...Middle East

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SYDNEY: Australia unveiled a massive compensation deal with French submarine maker Naval Group Saturday, ending a contract dispute that soured relations between Canberra and Paris for almost a year.Prime Minister Anthony Albanese said the French firm had agreed to a “fair and an equitable settlement” of 555 million euros (US$584 million) for Australia ending a decade-old multi-billion-dollar submarine contract.The deal draws a line under a spat that derailed relations between both countries and threatened to torpedo talks on an EU-Australia trade agreement.In September 2021, then-Australian prime minister Scott Morrison abruptly ripped up the French contract to build a dozen diesel-powered s

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