Governor Warns of AI Shocks
The Bank of England’s governor warned of potential financial market shocks from the AI boom, while a deputy governor called for emergency measures to manage risks, as regulators…
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Microsoft And Optus Owner Pay Zero Tax On $1 Billion In Australian Revenues
The Australian Taxation Office (ATO) revealed that 27% of large companies in Australia paid no corporate tax in the 2024–25 financial year, according to its 12th corporate tax…
Kotak Mahindra Bank Appoints Anup Kumar Saha As MD And CEO
The Reserve Bank of India (RBI) has approved Anup Kumar Saha as the new managing director and chief executive officer (MD & CEO) of Kotak Mahindra Bank for a three-year term…
Energy bills are going up
Rhode Island Energy customers will face a net monthly electricity bill increase of $16.42 starting October 1, as seasonal supply pricing rises.
Trump Unveils US-South Korea Energy Package Including Alaska LNG Review
President Donald Trump announced Wednesday that South Korea will invest $54 billion in the Alaska liquefied natural gas pipeline project.
Six Flags Closes X2 Roller Coaster After Lawsuits Alleging Brain Injuries
Six Flags Magic Mountain has permanently shut down its X2 roller coaster in Valencia, California, following a surge of lawsuits alleging traumatic brain injuries and mounting…
EV Sales Stabilize at 5-6% After Congress Ended Federal Tax Credit
One year after Congress terminated the federal electric vehicle tax credit under the One Big Beautiful Bill Act on September 30, 2025, new EV sales have stabilized at five to six…
Lee Seung-gi’s Father-in-Law Sentenced to Prison for Stock Manipulation
Lee Seung-gi’s father-in-law was sentenced to three years and six months in prison on September 29, after a Seoul court convicted him of manipulating KOSDAQ-listed stock prices to…
NZ Business Confidence Drops as Fuel Costs Rise, ANZ Survey Finds
Rising fuel costs chipped away at New Zealand business confidence in September, easing the headline index down to 52 amid ongoing global market pressures.
Kenya PPP Committee Clears $1 Billion Port Investment for Mombasa and Lamu
Kenya has approved feasibility studies for four strategic port assets in Mombasa and Lamu, moving roughly $1 billion in planned private investment into formal procurement.
Stock Futures Inch Higher as 30-Year Treasury Yield Hits 22-Year High
Global stock futures inched higher on Wednesday as financial markets attempted to stabilize following a severe bond market selloff that pushed the 30-year Treasury yield past 5.6…
Volkswagen Recalls 3 Million Audi, VW and Seat Cars Over Steering Defect
Volkswagen and its Audi and Seat subsidiaries are recalling nearly three million vehicles worldwide, including at least 950,000 in Germany, due to a corroding steering rack…