Alphabet Inc. is looking to raise about A$5 billion ($3.6 billion) in what would be its debut bond offering in Australia, people familiar with the matter said, as US tech firms binge on debt to fuel AI spending.

An air safety investigation is underway after a Jetstar plane and a Qatar Airways jet almost collided on the tarmac at Sydney airport on Sunday — the second near miss in two weeks.

Unionized workers at BHP Group’s Port Hedland iron ore export hub in Western Australia have started rolling 24-hour strikes, escalating a pay dispute ahead of further meetings with the company.

New Zealand announced more sanctions targeting individuals and entities supporting Russia’s war against Ukraine, following the passage of a new bill in the US Senate targeting the country’s oil and gas revenues.

Blue Owl Capital’s data center firm Stack Infrastructure Inc. is seeking an A$8.5 billion ($5.9 billion) syndicated loan to fund its latest project in Melbourne, according to people familiar with the matter, in what could be one of the largest such financings to the sector in Australia.

Shemara Wikramanayake is stepping down as head of Macquarie Group Ltd. after leading the Australian financial conglomerate to bumper profits and a record high share price. For that she will be richly rewarded, making her one of the best-paid female bank executives in the world.

Blackstone Inc. is finalizing a group of banks to underwrite a A$4.3 billion ($3 billion) loan for the construction of AirTrunk Pty.’s new data center in Australia, according to people familiar with the matter, despite growing worries over the massive debt racked up for artificial intelligence infrastructure projects.

Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers.

Firmus Technologies Pty Ltd. will build its first data center project in Indonesia as part of a partnership with US chip giant Nvidia Corp., which the Australian artificial intelligence infrastructure firm said is expected to win it as much as $30 billion in committed offtake agreements in its first six years.

AirTrunk Pty., a data center operator backed by Blackstone Inc., is in talks with banks for a A$4.3 billion ($3 billion) loan to back a new project in Australia, people familiar with the matter said, as it continues its debt-fueled expansion across Asia Pacific.

Australia’s corporate watchdog is investigating a number of private credit funds and warning industry managers to make sure that asset valuations are “grounded in realistic assumptions” before an end-of-month reporting deadline.

Australian real estate private credit firm Qualitas Ltd. is expanding into Europe with the acquisition of a UK-based loan manager, leveraging on growing demand for commercial financing across the region.

Hong Kong’s Jardine Matheson Holdings Ltd. is seeking to an around A$1.5 billion ($1.1 billion) loan to fund its takeover of Australian medical diagnostic imaging provider I-MED Radiology Network Ltd., according to people familiar with the matter, as it looks to expand its portfolio.

Underwriters of two proposed loans to Australia-based Pacific Equity Partners’ companies have sweetened the terms, people familiar with the matter said, signaling investor demand for greater returns in a volatile market.

Disruptions caused by artificial intelligence are threatening private credit firms’ potential recovery rates in the software sector, according to Davidson Kempner Capital Management LP chief investment officer Tony Yoseloff.

Blackstone Inc.-owned data center operator AirTrunk Pte. is looking to raise at least A$500 million ($358 million) through asset-backed bonds, according to people familiar with the matter, in what may be one of Asia’s first in the sector.

Some of Asia’s private credit firms are mulling changes to the industry including longer lock-up periods and higher redemption caps after turmoil in the US in recent months increased scrutiny from investors and regulators across the region.

The energy shock sparked by the Iran war is increasingly coming up in conversations about data center deals for Asian bankers, who have helped finance billions of dollars of artificial intelligence infrastructure across the region.

Australia’s corporate regulator is boosting supervision of the private credit industry by requesting more detailed data from funds on a weekly basis as scrutiny grows on the $1.8 trillion industry worldwide.

Australian artificial-intelligence start up Firmus Technologies Pty. appointed three new company directors ahead of an expected initial public offering later this year.