AustraliaBreaking News

Alphabet's Google agreed to create an artificial intelligence cloud business with Blackstone, aiming to compete with companies like CoreWeave in a burgeoning market. The project will rely on an initial $5 billion in equity capital from Blackstone, which will become the majority owner, according to a statement Monday. Bloomberg's Neil Campling explains.

Elevated bond yields dominated the Group of Seven meeting in Paris as finance ministers discussed how oil-fueled inflation risks overshadowing world economic prospects. The talks, which were meant to dwell on global imbalances, took place against the backdrop of US President Donald Trump's extended standoff with Iran which is keeping the Strait of Hormuz shut. Bloomberg's Oliver Crook reports.

Treasurer Jim Chalmers mandates a 30-day FIRB turnaround for all low-risk foreign investments from 2027 to boost productivity.

A US missionary has tested positive for the Ebola virus after being exposed in the Democratic Republic of the Congo, the US Centers for Disease Control and Prevention said Monday. The Ebola crisis is unfolding after the Trump administration dismantled the US Agency for International Development last year and slashed foreign aid spending. Bloomberg's Jennifer Zabasajja reports.

Variscan Mines (ASX:VAR) announced that the first tranche of its recently publicised $5 million placement has settled and allotment is complete.

Matrix Composites & Engineering (ASX:MCE) has taken a step forward in its proposed acquisition by Advanced Innergy Holdings.

President Donald Trump said he called off a strike on Iran after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution.. Bloomberg's Stuart Livingstone-Wallace shares what we know.

Reserve Bank of Australia Assistant Governor Sarah Hunter says the central bank is increasingly concerned that inflation expectations could become unanchored due to the recent oil-price shock linked to the Iran war. She discusses the monetary policy outlook on "Bloomberg: The Asia Trade."

WA Kaolin (ASX:WAK) finalised its partially underwritten, non-renounceable entitlement offer, injecting approximately $16.1 million to restructure its balance sheet.

The Asia Group China Country Director Han Lin unpacks the geopolitical and economic significance of Russian President Vladimir Putin's visit to Beijing. He also explores the evolving dynamics of US-China relations. He speaks with Haslinda Amin on "Insight with Haslinda Amin."

Dotz Nano (ASX:DTZ) announced a major leadership transition, with Nati Harpaz appointed as the company's new CEO, effective May 31.

BCAL Diagnostics (ASX:BDX) expands its cancer detection reach, integrating clinical referral forms into software used by 97% of Australian GPs.