Australia Breaking News

South Korea is orchestrating investments of at least 1,350 trillion won ($880 billion) from companies including Samsung and SK Hynix into chips and data centers, a giant outlay in digital infrastructure it called essential to surviving the AI era. Bloomberg's Shona Ghosh has more.

Kongsberg has seen a "positive movement forward" in European defense spending throughout last year, even though it's still not yet at the level needed, its CEO Eirik Lie tells Bloomberg TV. Lie spoke to Bloomberg TV's Francine Lacqua ahead of July's NATO summit in Ankara, Turkey, where European NATO states will be expected to prove they are progressing towards spending 5% of GDP on defense.

South Korea is launching a 1,350 trillion won ($880 billion) plan in corporate investments to build out critical AI infrastructure and cement its global dominance in the semiconductor market. President Lee Jae Myung called the sweeping mega-project a "national survival strategy" for the AI era. Bloomberg's Avril Hong breaks down the press conference, where President Lee was joined by the CEOs of tech giants Samsung and SK Hynix to outline the multi-year roadmap.

Airtasker (ASX:ART) has agreed to early cash settlement of two A$5 million media partnership notes issued to oOh!media (ASX:OML) and ARN Media (ASX:A1N), paying A$5,463,847 to oOh!media and A$5,357,668 to ARN instead of converting the notes and accrued coupons into discounted equity.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

BCAL Diagnostics (ASX:BDX), an Australian healthcare company focused on early cancer detection, has secured firm commitments for a further A$4.9 million under its existing A$10 million convertible note facility, with the additional funds to be drawn down as required.

Prosus CEO Fabricio Bloisi says its food takeaway firm Just Eat will start delivering growth in the next few months and has plans for global growth. Bloisi speaks on Bloomberg Television after Prosus announced that profit more than doubled last fiscal year, beating analysts' estimates helped by growth in the tech investment company's e-commerce businesses.

HITIQ (ASX:HIQ) has received firm commitments from professional and sophisticated investors to raise A$1.4 million before costs through a two‑tranche private placement of 200,000,000 new shares at A$0.007 per share, with one free unlisted option attached to each placement share.

US & Iran have agreed to cease attacking each other as peace talks resume. The exchange of attacks began over the Strait of Hormuz after the IRGC struck a container ship, prompting Washington to hit Iran, and both sides blaming the other for breaching the ceasefire. Julia Roknifard, Senior Lecturer at the School of Law & Governance at Taylor's University, Malaysia spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the likely scenario ahead.

EU Trade Commissioner Maros Sefcovic is set to meet Chinese Commerce Minister Wang Wentao in Brussels this week as the bloc presses Beijing to address a widening trade imbalance that reached about 360 billion ($410 billion) in 2025 and continued to expand this year. Bloomberg's Richard Bravo has more.

Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister. Bloomberg Opinion's Rosa Prince has a preview of the speech. Her views are her own.

Anthropic PBC won US approval to restore some access to its powerful Mythos 5 artificial intelligence model, after resolving concerns from Donald Trump's administration about the technology's potential threats to national security. Bloomberg's Neil Campling reports.