Australia Breaking News

Maritana Minerals (ASX:MRT) commenced early works at its Black Swan Processing Hub with a committed expenditure of $25 million.

Celsius Resources (ASX:CLA) announced that Equinaire Holdings has issued legal notices seeking to foreclose on the company's 40% interest in Makilala Mining Company.

Fletcher Building (ASX:FBU) has secured a government agreement providing up to NZ$60 million to support its Golden Bay Cement operations.

Gold miner St Barbara (ASX:SBM) lifted its quarterly gold production by 8% to 14,658 total ounces.

ASIC has secured a record $830 million in civil penalties over the financial year ended June 30.

Professional services firm KPMG penalised seven personnel with financial sanctions reaching as high as $180,000.

The Victorian Government announced new laws lowering the 10% threshold to sue digital platforms.

• The federal government created a centralised Office of AI within the Department of the Prime Minister and Cabinet to manage national artificial intelligence policies and fast-track approvals.
• The structural alignment follows a record $6 billion in March quarter tech equipment.
• Market operators face key structural headwinds, including data centre grid integration, domestic copyright protections, and community infrastructure pushback.

President Trump posted on Truth Social that Republicans should add Iran to the Russian sanctions bill, saying that it's what the late Senator Lindsey Graham wanted to do. While on Bloomberg This Weekend, Senator Jeanne Shaheen told hosts David Gura and Christina Ruffini that Graham never raised concerns about adding Iran to the sanctions bill. The Senator, who is the ranking member of the Senate Foreign Relations Committee and Co-Chair of the bipartisan NATO Observer Group, also addressed the recent Iranian strikes in Jordan that resulted in the deaths of two US service members. (Headline updated for clarity.)

Rep. Marlin Stutzman joins Bloomberg This Weekend and tells hosts David Gura and Christina Ruffini that the Trump administration should maintain military and economic pressure on Iran following the deadly strike on a US base in Jordan, arguing regime change remains the best long-term outcome. He also backed expanding sanctions on Iran, called for applying insider trading rules to prediction markets and urged greater transparency about Sen. Mitch McConnell's health.

Centerview Partners co-founder Blair Effron says AI is moving markets more than it's moving most corporate boardrooms, with roughly $700 billion in hyperscaler capex raising pressure to prove returns. He says CEOs are investing, but adoption outside tech remains slower than investors assume, while higher costs, consumer pressure and the need for scale are driving caution across the C-suite.

Bloomberg News Wealth Reporter Devon Pendleton joins Christina Ruffini on Bloomberg This Weekend to discuss how rare dinosaur fossils have become a fast-growing collectible market, with wealthy buyers spending tens of millions of dollars on museum-quality specimens while demanding detailed provenance to verify authenticity. As auction houses expand the market, collectors are drawn by the rarity, scientific significance and cultural appeal of iconic dinosaurs such as Tyrannosaurus rex and Stegosaurus.