Skip to main content

AustraliaBreaking News

Bloomberg

Barclays CEO Says AI Is Having a 'Creeping Impact'

Barclays CEO CS Venkatakrishnan discusses the use of artificial intelligence in the banking industry, saying the technology is having a "creeping" impact on the UK lender. "We are seeing things getting on the margin a little more efficient in certain parts," he says. "Fundamental impact I think it's coming, but I don't see it yet," he adds during a conversation with Bloomberg's Francine Lacqua at the Global Markets and Banking Summit 2026 in London.

Read more
Bloomberg

US Senate Signals Mounting Opposition to Trump's War in Iran

The Republican-led US Senate signaled rising opposition to continuing the Iran war in a procedural vote Tuesday. Louisiana Senator Bill Cassidy, whose re-election bid President Donald Trump thwarted in a Republican primary Saturday, joined three other GOP senators voting to clear the hurdle and move toward a final vote on a resolution to cease hostilities. Kate Ackley of Bloomberg Government has more.

Read more
Bloomberg

Meta Starts 8,000 Global Job Cuts in AI Efficiency Push

Meta is alerting thousands of employees that they're being laid off, part of a previously announced restructuring aimed at reducing costs while the company invests heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees across Asia, who got the note at 4 a.m. Singapore time. US-based staff are also expected to receive word during their morning, according to an internal memo. Bloomberg's Tom Mackenzie reports.

Read more
Bloomberg

30-Year Real Yields Starting to Look Interesting, RBC Says

Rufaro Chiriseri, head of fixed income for UK and Europe at RBC Wealth Management, discusses the outlook for Treasuries as 30-year yields climbed to levels not seen since the global financial crisis. "We're actually happy to be sort of on the shorter end," Chiriseri tells Bloomberg Television. "But at the same time, it starts to look a lot more interesting with 30-year real yields at levels that we haven't seen since the GFC."

Read more