Australia Breaking News

The Supreme Court of New South Wales extended Bathla Group's voluntary administration until Sept. 13, 2027.

Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that'll shape the conflict. US President Donald Trump told Axios he was approaching a "big decision" on whether to re-escalate attacks on Tehran, with a meeting with Persian Gulf nations planned for next week in New York. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

Australia’s Department of Home Affairs is considering regulatory changes that could require any organisation hacked by an autonomous artificial intelligence tool.

Huawei is accelerating the debut of its next-generation AI chip by several months, aiming to replace Nvidia in China and compete on the global stage. The Ascend 960DT chip will now be launched in the first quarter of 2027. Another variant of the new series, dubbed 960PR, will be delivered in the third quarter. Bloomberg's Anthony Stephens reports.

Anson Resources (ASX:ASN) has completed comprehensive environmental field surveys at its Yellow Cat Uranium-Vanadium Project.

Turkish officials are trying to stop a meltdown at some of the country's most prominent asset managers from infecting the wider financial industry. Several top finance executives were either detained or given travel bans as part of a widening investigation related to mass outflows from asset managers this week. Bloomberg's Beril Akman reports.

The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout.

KPMG Australia is negotiating a voluntary disclosure agreement with the ASIC to hand over confidential audit materials.

AdAlta (ASX:1AD) confirmed that manufacturing partner Ori Biotech signed a 10-year agreement valued at US$120 million.

The Bank of Japan raised its benchmark interest rate, ramping up the pace of hikes to the fastest in 36 years. Bloomberg journalists and an economist discuss what this means.

The Reserve Bank of Australia warned that high demand for data centres is pushing up global inflation alongside the ongoing Middle East conflict.

Central Petroleum (ASX:CTP) increased its 2026 financial year sales revenue by 3% to $44.7 million.