Australia Breaking News

China is planning to spend around 2 trillion yuan ($295 billion) over the next five years to build data centers across the country. Neil Campling reports on Bloomberg Television.

Wei Li, chief global investment strategist at BlackRock, says there is a "healthy debate to be had" about the durability of Artificial Intelligence earnings and sees the AI trade as a "space to be selective and active."

Sam Lynton-Brown, head of global macro strategy at BNP Paribas, speaks on Blomberg Television about the outlook for Federal Reserve and European Central Bank policy.

Intesa Sanpaolo CEO Carlo Messina discusses the lender's offer to buy Italian rival Banca Monte dei Paschi for 30.6 billion ($35.3 billion). "The only real offer now in the market is the Intesa Sanpaolo offer," Messina tells Bloomberg's Francine Lacqua, calling Banco BPM's proposal of a merger of equals merely a "love letter."

Ten years after Brexit, analysis published by Bloomberg on Tuesday shows that the UK's vote to leave the European Union may have already cost the British economy between 2% and 4% of gross domestic product. Dan Hanson of Bloomberg Economics explains.

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

GSK agreed to buy Nuvalent in a deal valued at $10.6 billion, adding a biotech firm that's developing treatments for lung cancer as the British pharmaceutical company seeks to rebuild its oncology franchise. Sam Fazeli of Bloomberg Intelligence has more.

Diatreme Resources (ASX:DRX) has finalised the sale of the Cape Flattery Silica Project.

Integral Diagnostics (ASX:IDX) will initiate an independent audit following recent media reports alleging inappropriate billing practices in Western Australia.

Apple (NASDAQ:AAPL) has launched a new suite of parental safety features explicitly inspired by Australia's world-first social media age ban.

Goterra has entered voluntary administration after failing to secure the critical investment needed to scale its operations.

Nvidia CEO Jensen Huang's investment advice involving the company's suppliers is dangerously rosy, Bloomberg Opinion columnist Shuli Ren says. Ren argues that concrete guidance, not outsized optimism, is what's needed from Huang and other tech titans.