Australia Breaking News

West African Resources (ASX:WAF) reported a 130% surge in net profit after tax to $567 million in 2025.

Moab Minerals (ASX:MOM) secured four strategic uranium tenements adjacent to its existing Manyoni Uranium Project.

China's rapid AI expansion is drastically reducing production costs, but this growth is triggering intellectual property disputes and concerns about the labor market. Bloomberg's Minmin Low reports on how Beijing is facing a difficult balancing act: maintaining its global tech edge while preventing possible social unrest caused by mass automation.

The International Energy Agency has confirmed it remains prepared to deploy additional emergency oil transitionally "as and if needed."

Power Minerals (ASX:PNN) has appointed seasoned mining executive Alistair Stephens as CEO, effective immediately.

New Hope Corporation (ASX:NHC) reported FY26 half-year results, with NPAT down 84% to $54.3 million amid lower coal prices.

Assistant Treasurer Daniel Mulino rejects Universal Basic Income despite AI job cuts at Atlassian, WiseTech (ASX:WTC), and Block (ASX:XYZ).

The Federal Government considers a major overhaul of Australia’s R&D tax incentives following the "Ambitious Australia" report.

Orangetheory Fitness Brand President Lauren Cody discusses fitness trends, longevity, and the 'shared accountability' that group settings can help establish in fitness environments. She talks with Romaine Bostick and Bailey Lipschultz on "The Close."

Professional Fighters League CEO John Martin discusses global expansion opportunities, reaching an 'underserved' MMA community, and potential platform partners. He talks with Romaine Bostick and Bailey Lipschultz on "The Close."

Jefferies Global Head of Investment and Wealth Solutions Laurie Goodman discusses tech leading all S&P sectors to a higher close, AI disruption, and the ongoing challenges in private markets, including private credit. She talks with Romaine Bostick and Bailey Lipschultz on "The Close."

Finland's President Alexander Stubb says NATO allies have to take President Donald Trump at his word when it comes to trying to secure the Strait of Hormuz. "We obviously have to take everything that the president of the United States says seriously," Stubb told Bloomberg's Francine Lacqua.