Australia will quadruple its financial assistance to Tuvalu, a Pacific Island nation at risk from rising seas, to cement a landmark climate migration and security deal as China also courts small island states. On a visit to Tuvalu, foreign minister Penny Wong said on Wednesday evening Australia has committed A$110 million ($72.27 million) in its national budget to Tuvalu. The sum includes A$50 million ($32.85 million) to build the first undersea cable connecting the island's residents to global telecommunications services, and A$19 million for a land reclamation project to fortify Tuvalu's coastline from rising seas.
Q1 2024 Arista Networks Inc Earnings Call