Australia Breaking News

Greater Manchester Mayor Andy Burnham won a decisive victory for the Labour Party in a by-election in the constituency of Makerfield with 54.8% of the vote, defeating Robert Kenyon from right-wing Reform UK, who secured 34.5%. Burnham's win forges a pathway to challenge UK Prime Minister Keir Starmer for his job. Bloomberg's Ruth David reports.

The Australian Competition and Consumer Commission prioritises enforcement targeting unsafe children's products and manipulative digital market practices.

US Commerce Secretary Howard Lutnick outlined concerns to ASML's senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions. ASML has pushed back on Lutnick's suggestion, explaining that none of its extreme ultraviolet lithography machines are in China, according to people familiar with the talks. Bloomberg's Neil Campling reports.

The global oil market is zeroed in on activity in the Strait of Hormuz after the US and Iran inked an interim deal to end their war and reopen the critical waterway. While equities have largely shrugged off the turmoil, central banks and traders are eagerly watching for signs of further energy-supply disruption and impacts on inflation. The Opening Trade spoke with leading market voices for their take on the deal, how global economies have handled the conflict and whether the world can return to pre-war pricing.

Valuations have eased and foreign inflows weakened, yet India is still not seen as cheap relative to global peers, according to Bank of America's India CEO Vikram Sahu. He joined Haslinda Amin and Menaka Doshi on Insight with Haslinda Amin.

Mandrake Resources (ASX:MAN) signed a contract for a 3,200-metre drilling programme at its Berinka Gold-Copper Project.

A constitutional amendment approved by parliament would lengthen presidential terms and allow the 83-year-old leader, Emmerson Mnangagwa to remain in office beyond 2028. Bloomberg's Jennifer Zabasajja reports from Johannesburg.

A constitutional amendment approved by parliament would lengthen presidential terms and allow the 83-year-old leader, Emmerson Mnangagwa to remain in office beyond 2028. Bloomberg's Jennifer Zabasajja reports from Johannesburg.

xReality Group (ASX:XRG) executed a non-binding agreement with Thales Australia to jointly target global defence, security, and law enforcement simulation markets.

Former US Deputy National Security Adviser Mara Rudman says the Iran deal as "uneven," saying that it does not prevent Tehran from continuing its nuclear enrichment activities. She says the agreement requires a robust inspection mechanism something unlikely to be secured within the 60-day negotiation window.

Alligator Energy (ASX:AGE) expanded its Samphire Project uranium resource by 67% and secured a new lease acquisition option.

Regis Resources (ASX:RRL) reinstated its 1.89-million-ounce ore reserve at the McPhillamys Gold Project after completing an economic study.