Australia Breaking News

Keir Starmer said he would step down as British prime minister in an emotional speech outside Downing Street. The announcement comes two years after he led the Labour Party back to power with a landslide majority. His departure from Number 10 paves the way for Andy Burnham to attempt to take over as successor.

EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports.

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

Education technology firm 3P Learning (ASX:3PL) has split its senior leadership into two commercial divisions effective July 1.

Ethiopian Prime Minister Abiy Ahmed has secured another term in office after his Prosperity Party won a landslide victory in parliamentary elections.  Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains the result gives the Ethiopian leader a fresh mandate to pursue economic reforms, but he faces a daunting list of challenges.

Road safety technology provider Acusensus (ASX:ACE) executed a variation agreement with Transport for New South Wales.

Recce Pharmaceuticals (ASX:RCE) received ethical approval to advance its Australian diabetic foot infection trial to a 200-patient Phase 3 study.

Mineral Resources (ASX:MIN) announced an updated executive succession plan following a leadership assessment by recruitment firm Korn Ferry.

Allies of Keir Starmer expect him to set out a timetable for his departure as UK prime minister imminently. A statement from Starmer ceding power could come as soon as Monday, people familiar with the matter said, although they cautioned that was not certain. The move could pave the way for Andy Burnham to replace him and it would put Britain on a course for its seventh premier in a decade. Bloomberg's Joe Mayes reports from Downing Street.

KPMG has submitted a first tranche of internal investigation documents to an Australian parliamentary committee.

Eden Innovations (ASX:EDE) reported trial results from India showing its concrete admixture achieved up to a 20% strength increase.

Mediators say US and Iran have made 'encouraging progress' in talks on a peace deal as technical-level discussions continue. Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on US-Gulf relations going forward.