Good morning and welcome back, it’s Ainsley here with all the news you need to start your working week. Later this morning, Erin Patterson will be sentenced at the Supreme Court of Victoria for the murder of three elderly relatives with death cap mushrooms. The sentencing will be livestreamed, in a first for the court.

Today’s must-reads:
• UK Home Secretary to host Five Eyes meeting
• Adnoc mulls financing for Santos deal
• Japan’s PM Ishiba to step down

What's happening now

The UK will host ministers from allied countries to develop new measures that will curb smuggling gangs and reduce the spread of illegal drugs. Alongside newly appointed Home Secretary Shabana Mahmood, the “Five Eyes” meeting on Monday and Tuesday will be attended by US’s Kristi Noem, Canada’s Gary Anandasangaree, Australia’s Tony Burke and New Zealand’s Judith Collins.

Shabana Mahmood arrives at Number 10 Downing Street in London, UK, on Sept. 5, 2025. Photographer: Dan Kitwood/Getty Images

Abu Dhabi National Oil Co. is considering lining up more than $10 billion in debt financing from local and international banks as it moves forward with its roughly $19 billion pursuit of Australian fossil fuel producer Santos, according to people familiar with the matter. The debt package is led by JPMorgan, which is also the financial adviser to the Adnoc-led group, the people said.

China might not be attending a key Pacific Islands gathering in the Solomon Islands capital of Honiara this week, but that’s not stopping it from wielding influence to isolate Taiwan diplomatically, writes Karishma Vaswani for Bloomberg Opinion.

What happened overnight

Here’s what my colleague, market strategist Mike “Willo” Wilson says happened while we were sleeping…

Stocks and the dollar fell after a weaker-than-expected US jobs report solidified expectations that the Federal Reserve will resume cutting interest rates at this month’s meeting. Aussie and Kiwi posted solid gains Friday to put them back within recent ranges. Consumer and business confidence are highlights for Australia this week while a manufacturing index is New Zealand’s. ASX futures imply local stocks edging lower on today’s open.

Japanese Prime Minister Shigeru Ishiba said he will step down, following weeks of calls for his departure in the aftermath of a second national election setback, a decision that will set in motion a leadership race that may generate concerns for investors. He will stay on as prime minister until his successor takes over. Here’s a look at the potential contenders to replace Ishiba.

Prime Minister Shigeru Ishiba at a news conference in Tokyo on Sept. 7. Photographer: Toru Hanai/Bloomberg

Federal immigration agents conducted raids across Boston and nearby communities over the weekend, arresting dozens of people, according to a spokesperson for the Department of Homeland Security. The move came as the Justice Department filed suit against the city and its mayor, intensifying a clash over local sanctuary policies. Local officials have rejected the federal operations as unnecessary and authoritarian overreach.

Meanwhile, the immigration raid on a Georgia EV battery plant run by two South Korean firms has rattled Seoul, coming less than two weeks after President Lee Jae Myung’s White House meeting with Donald Trump where Korean companies pledged to invest hundreds of billions in the US.

It took just a few eventful weeks for President Donald Trump’s family to rack up about $1.3 billion from two crypto ventures, each less than a year old. The haul from crypto firm World Liberty Financial and separate mining operation American Bitcoin shows how still-nascent projects are already translating into tangible wealth for the first family. 

What to watch

Nothing major scheduled

One more thing...

When HSBC’s departing boss Noel Quinn walked out of the bank’s London headquarters for the final time last September, he shared a hug with his successor, Georges Elhedery. Surrounded by hundreds of cheering staff, the embrace seemed to symbolize that not much would change under the new boss. But just about two months after that hug, a lot had changed. The new chief executive officer embarked on the biggest overhaul the bank had seen in at least a decade, ripping up much of his inheritance. Read more in our Big Take.