Australia Breaking News

Volt Resources (ASX:VRC) received a US$5.4 million non-dilutive funding award from the US Department of War.

Hong Kong is preparing to unveil its first five-year development blueprint on Wednesday, as it seeks to align its priorities with those of mainland China. "Bloomberg: The China Show" co-anchor Yvonne Man reports on what's expected in the master plan and what it could mean for the city's future.

Axa Chief Executive Officer Thomas Buberl says the insurer will prioritize efficiency and shareholder returns over acquisitions after raising its profitability and growth targets for the next three years. "We will deploy and employ the policy as we've always done," Buberl tells Bloomberg Television. "We look at what is interesting when we talk about bolt-ons, but the focus is really organic growth."

The Combined BHP Ports Unions will apply for an intractable bargaining declaration to take BHP (ASX:BHP) to arbitration.

Pursuit Minerals (ASX:PUR) received regulatory environmental approvals to relocate pilot plant infrastructure and commence advanced drilling at its Rio Grande Sur Lithium Project.

US President Donald Trump's opposition to guardrails on artificial intelligence puts him at odds with a growing number of lawmakers from both parties, with AI safety fears adding to voters' misgivings about the technology heading into the midterm elections. Bloomberg's Anthony Stephens breaks down the situation.

Iron Bear Resources (ASX:IBR) has secured a US$1.3 million cash injection from global mining group Vale to advance development work at its Canadian iron ore project.

Prime Minister Andy Burnham is considering whether to help Saudi Arabia counter attacks from the Houthis in Yemen as UK concerns about a worsening economic hit from the escalating conflict grow. The Saudi government has requested a range of diplomatic and military support from the UK, but it's unclear whether Burnham is willing to approve them. Bloomberg's Stuart Livingstone-Wallace has more.

Buy-now-pay-later provider Zip Co (ASX:ZIP) has launched an on-market share buyback programme of up to $50 million.

Yields on the benchmark 10-year Treasury note rose to the highest level since 2007 as a rally in oil prices fueled inflation concerns and strengthened bets on a Federal Reserve interest-rate hike. Bloomberg MLIV's Ven Ram has the latest.

Paradigm Biopharmaceuticals (ASX:PAR) appointed Dr Daniel Furtner as chief medical officer, effective Sept. 16.

US President Donald Trump has waded into the AI safety debate raging between Silicon Valley and Washington. In a rapid-fire series of social media posts, Trump belittled a push led by Anthropic and OpenAI bosses to slow work on cutting-edge systems and dismissed the existential fears about AI as "a hoax." Michael Wade, Professor of Strategy and Digital at the IMD business school in Switzerland spoke to Bloomberg's Abeer Abu Omar on the need for AI guardrails.