Australia Breaking News

Nela Richardson, ADP chief economist and a Bloomberg contributor, says the US is facing the peculiar situation of a pretty strong labor market with very weak hiring on "Bloomberg Surveillance."

Bloomberg's Tom Mackenzie speaks to Jarad Cannon, Chief Technology Officer of Humanoid at Citi's flagship EMEA tech conference in London about the UK-based AI and Robotics firm's progress toward real commercial uses for humanoid robots.

Applications for US unemployment benefits edged down last week as initial claims decreased by 1,000 to 213,000 in the week ended March 7. Meanwhile, the US trade deficit narrowed in January as exports increased, with the gap in goods and services trade shrinking more than 25% from the prior month to $54.5 billion. Michael McKee breaks down the data on Bloomberg Television.

Steven Major, global macro advisor at Tradition Dubai, says the global bond market seems to be pricing in a lot of stagflation risk.

"We think this is not days, for sure, but it's not months either," says Jean Boivin, head of BlackRock Investment Institute, as he sees the energy-led supply chain shock of the Iran war lasting "in the realm of weeks."

Bloomberg's Tom Mackenzie speaks to Deel President and CFO Joe Kauffman at the DisrupTech conference in London on the company's growth and how the AI changes in the labor market are helping their business.

Oman's key oil export terminal was evacuated and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened. Ships were ordered to leave the port of Mina Al Fahal in Oman as a precautionary measure, according to people who directly received a notice from a port agent. The attacks on the vessels off the coast of Iraq also prompted the nation's oil terminals to suspend operations. he latest developments point to an increase in retaliatory attacks from Iran, adding to pessimism that the war will persist for longer. Our EMEA News Director Will Kennedy joined Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss.

BMW AG Chief Executive Officer Oliver Zipse says the automaker isn't currently seeing any supply-chain disruptions due to the conflict in the Middle East. Speaking to Bloomberg's Oliver Crook, he also talks about the company's 2026 outlook, saying "we will see a rather stable environment overall at BMW."

Dubai International Airport briefly halted operations on Wednesday after drones smashed down at the facility, resulting in four injuries at the world's busiest international hub. The widening war with Iran continues to disrupt travel with more than 46,000 flight cancellations across the region since the conflict began on Feb. 28. Bloomberg's Leen Al-Rashdan reports.

Iran's strikes on Gulf nations continued even as they laid out demands for a truce. Iranian President Masoud Pezeshkian said the only way to end the war is "recognizing Iran's legitimate rights, payment of reparations, and firm int'l guarantees against future aggression."  Hasan AlHasan, Senior Fellow for Middle East Policy at IISS spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the likelihood of a ceasefire.

St George Mining (ASX:SGQ) entered into a memorandum of understanding with Brazilian nanotechnology firm, Nanum Nanotecnologia.

Titomic (ASX:TTT) plans a strategic redomicile to the US by late 2026 to integrate into the global defence and aerospace sector.