AustraliaBreaking News

ASIC has secured a record $830 million in civil penalties over the financial year ended June 30.

Professional services firm KPMG penalised seven personnel with financial sanctions reaching as high as $180,000.

The Victorian Government announced new laws lowering the 10% threshold to sue digital platforms.

• The federal government created a centralised Office of AI within the Department of the Prime Minister and Cabinet to manage national artificial intelligence policies and fast-track approvals.
• The structural alignment follows a record $6 billion in March quarter tech equipment.
• Market operators face key structural headwinds, including data centre grid integration, domestic copyright protections, and community infrastructure pushback.

President Trump posted on Truth Social that Republicans should add Iran to the Russian sanctions bill, saying that it's what the late Senator Lindsey Graham wanted to do. While on Bloomberg This Weekend, Senator Jeanne Shaheen told hosts David Gura and Christina Ruffini that Graham never raised concerns about adding Iran to the sanctions bill. The Senator, who is the ranking member of the Senate Foreign Relations Committee and Co-Chair of the bipartisan NATO Observer Group, also addressed the recent Iranian strikes in Jordan that resulted in the deaths of two US service members. (Headline updated for clarity.)

Rep. Marlin Stutzman joins Bloomberg This Weekend and tells hosts David Gura and Christina Ruffini that the Trump administration should maintain military and economic pressure on Iran following the deadly strike on a US base in Jordan, arguing regime change remains the best long-term outcome. He also backed expanding sanctions on Iran, called for applying insider trading rules to prediction markets and urged greater transparency about Sen. Mitch McConnell's health.

Centerview Partners co-founder Blair Effron says AI is moving markets more than it's moving most corporate boardrooms, with roughly $700 billion in hyperscaler capex raising pressure to prove returns. He says CEOs are investing, but adoption outside tech remains slower than investors assume, while higher costs, consumer pressure and the need for scale are driving caution across the C-suite.

Bloomberg News Wealth Reporter Devon Pendleton joins Christina Ruffini on Bloomberg This Weekend to discuss how rare dinosaur fossils have become a fast-growing collectible market, with wealthy buyers spending tens of millions of dollars on museum-quality specimens while demanding detailed provenance to verify authenticity. As auction houses expand the market, collectors are drawn by the rarity, scientific significance and cultural appeal of iconic dinosaurs such as Tyrannosaurus rex and Stegosaurus.

Real Madrid and Germany defender Antonio Rüdiger joins Christina Ruffini and Bloomberg News Senior Sports Reporter Randall Williams on Bloomberg This Weekend and says Spain's teamwork and possession make it a formidable opponent ahead of the World Cup final against Argentina, while praising Lionel Messi's enduring impact on the game. Rüdiger also reflected on player longevity, promoted his foundation supporting children in Sierra Leone and said he opposes expanding the World Cup to 64 teams.

Alphabet, IBM, Intel and Tesla headline a pivotal week of earnings as investors scrutinize artificial intelligence spending, chip demand and whether massive capital investments are translating into sustainable returns. Joining Bloomberg This Weekend are Bloomberg Daybreak Co-host Nathan Hager and Bloomberg News Senior Equities Reporter Bailey Lipshultz to discuss the growing competition from Chinese AI companies, energy constraints tied to AI infrastructure and lofty market expectations for semiconductor stocks.

Friend testimonials on Hinge, drinking 1 million beers, 'Dopamine sites' filling the shopping need, and the new shocking skin care treatment in South Korea: Lisa Mateo shares headlines from the week with David Gura and Christina Ruffini on Bloomberg This Weekend.

National Security & Defense Writer for The Atlantic Nancy Youssef and State Department Reporter for ABC News Shannon Kingston are on Bloomberg This Weekend and warn that Iran is adapting its missile tactics to penetrate US defenses, raising risks for American forces and allies across the Middle East following the deadly strike on a US base in Jordan. They also discuss the renewed debate over sanctions on Iran and Russia, while fighting in Ukraine strains Western military resources and complicates diplomatic efforts.