AustraliaBreaking News

Every year, Filipinos working overseas send $35 billion back home and a growing share of those transfers are being executed using stablecoins. The blockchain technology promises to make cross-border payments cheaper and nearly instantaneous, offering an alternative to traditional remittance channels. But even though the opportunity could be huge, stablecoins remain a tiny part of the global payments system today. With the GENIUS Act set to take effect and banks eyeing the space, the race to scale is just getting started.

Australian Treasurer Jim Chalmers will hand down the 2026-27 Federal Budget on May 12. It's framed as one the country's most consequential Budgets against a backdrop of inflation-fuelling global energy shocks, climbing cost-of-living, slowing productivity and a national debt edging toward A$1 trillion. Chalmers speaks with Bloomberg's James Mayger in Canberra.

Elite runner Rachel Entrekin David Gura and Christina Ruffini on Bloomberg This Weekend to discuss her historic achievement as the first woman to win the 250-mile Cocodona ultramarathon outright. She finished the grueling Arizona course in a record 56 hours, 9 minutes, and 48 seconds, defeating the entire field of men and women.

The deadly hantavirus outbreak on a cruise ship doesn't risk triggering the next pandemic, World Health Organization officials said, downplaying an incident that has raised concern about a new viral contagion. Former White House COVID Response Coordinator and Infectious Disease Expert Dr. Ashish Jha joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

President Donald Trump is moving forward with plans to meet with Xi Jinping in Beijing despite Chinese officials' unease about holding the meeting before the US-Iran conflict is resolved. Former Ambassador to China and Harvard University Professor of Diplomacy and International Relations Nicholas Burns joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

With 80,000 manufacturing jobs lost, Rep. Ro Khanna (D-CA) argues that the US needs a tougher, more strategic approach to China. He discusses the impact of unfair trade practices on American ports and why lowering the cost of fertilizer and reopening the Strait of Hormuz are critical for the US economy. Watch more here and watch Lisa Mateo, Christina Ruffini and David Gura on Bloomberg This Weekend LIVE every Saturday and Sunday morning:

Chair of the SEC and CFTC Gary Gensler joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the US Justice Department and Commodity Futures Trading Commission are probe into at least four suspicious transactions in the oil market where traders made more than $2.6 billion.

The Met Gala is the museum's biggest annual fundraiser, this year raising $42 million to help fund exhibits, pay curators, and preserve paintings, sculptures and one of the largest fashion archives in the world. Bloomberg The Weekend was the first to see the exhibit and the new gallery in a private tour with MET Director and CEO Max Hollein.

Actor, director and producer Daniel Dae Kim joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss "K-Everything" his new docuseries that explores the explosion of Korean culture on the global scene.

About 41,000 New Zealanders moved to Australia in 2025, the most in 12 years, drawn by a more robust jobs market. When even former Prime Minister Jacinda Ardern left, it made international headlines. Net citizen migration is at its lowest since records began, and unlike in past waves, people aren't coming home. Former PM John Key, Cambridge Provost Gillian Tett, and a young lawyer who says he doubled his salary by leaving explain what's gone wrong and what it would take to reverse it.

The US was waiting on Iran's response to its latest proposal to end the war after suggesting word could come imminently, following clashes in the Strait of Hormuz that strained a month-long ceasefire. Bloomberg News Deputy UAE Bureau Chief Abeer Abu Omar and White House Correspondent Jeff Mason join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. Iran has still given no indication whether it will accept President Donald Trump's plan, sent on Wednesday, which proposes that the Islamic Republic reopen the waterway and the US end a blockade on Iranian ports over the next month. Tehran's response is "under review," Foreign Ministry Spokesman Esmail Baghaei told the semi-official Tasnim news agency, without giving a timeline. Trump told reporters at the White House late Friday he was still expecting a response "tonight." Asked if Iran was intentionally slow-rolling the process, he said "we'll find out soon enough."

The postponed Beijing summit between President Trump and China's President Xi is back on the agenda, delayed by a war in Iran that has reshaped the dynamic between the two leaders. After a tumultuous 2025 that saw tariff escalation and revealed critical mineral choke points, both sides are looking for stability, not a breakthrough. Myron Brilliant, who recently returned from Beijing, says China thinks it's cracked the code on Trump.