Australia Breaking News

DXN (ASX:DXN) delivered $10.1 million in revenue for the 2026 financial year, marking a 33% decline compared to the previous period.

Coventry Group (ASX:CYG) achieved sales revenue of $375.3 million for FY26, representing a 2.8% increase on a constant currency basis.

Praemium (ASX:PPS) reported a 14.5% increase in underlying EBITDA to $32.1 million for the financial year ended June 30.

Monash IVF Group (ASX:MVF) reported FY26 revenue of $269.5 million alongside an underlying net profit after tax of $16.1 million.

Austal (ASX:ASB) moved to a net loss after tax of $53.6 million, down from an $89.7 million net profit in FY25.

The A2 Milk Company (ASX:A2M) revealed that members of its executive team sold portions of their equity holdings.

Liontown (ASX:LTR) achieved a maiden net profit after tax of $93 million for the financial year ended June 30.

The Australian Taxation Office identified approximately 6000 investment property sales between July 1, 2020, and June 30, 2025.

Australia is evaluating new requirements for Meta (NASDAQ:META) and other social media giants to make recommendation algorithms opt-in to limit harmful content.

Former New York City Traffic Commissioner Sam Schwartz joins hosts Christina Ruffini and Bailey Lipschultz on Bloomberg This Weekend and warns that the expansion of autonomous vehicles brings cybersecurity risks, including the possibility that bad actors could seize control of connected cars and use them as weapons. His new novel, Autokill, explores that threat while Schwartz argues that autonomous vehicles still have significant safety potential if companies provide greater transparency and governments prepare for emerging risks.

Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump's repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.

Representative Raja Krishnamoorthi (D) says the Iran war is depleting key US munitions and pulling military assets from the Indo Pacific, potentially weakening deterrence against China as concerns over Taiwan grow. While on Bloomberg This Weekend, the Illinois Democrat also criticized the administration's trade fight with Canada and Venezuela oil policy while calling for more US assistance to Nepal following catastrophic flooding.