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HSBC Exits Australian Retail Banking; Sells $36B Loan Book to Blackstone
HSBC closes all 19 Australian retail branches over 18 months after selling $36B loan portfolio to Blackstone. Pepper Money to service mortgages from early 2027.
Old Trails Fire Grows to 3,000 Acres in Spokane; Level 3 Evacuations Expand
Old Trails Fire burns 3,000 acres in Spokane, Washington, forcing Level 3 evacuations for thousands of residents. About 4,000 buildings are threatened as extreme fire weather conditions fuel rapid spread.
IAG Trims 2026 Capacity as Fuel Costs Bite; Shares Fall 1.6%
IAG cuts 2026 capacity outlook to flat after 16% Q2 profit drop from fuel costs and Middle East conflict. Shares fall 1.6%. Fuel bill forecast eased to €8.3-8.6bn.
Australia’s Housing Crisis Deepens: 26% Fear Homelessness Within 12 Months, August 02
Australia’s housing crisis intensifies as 26% of Australians fear homelessness in the next year. Rents hit record highs, deposit savings take 11.2 years, and affordability stress drives homelessness.
Tokai Kisen Faces Business Suspension Over Drunken Crew Violations, August 02
Tokai Kisen, which operates ferries between Tokyo and the Izu Islands, faces business suspension after audits found crew members working while drunk and other safety violations under Japan’s Maritime Transportation Act.
Albanese’s Melon Joke Risks Japan Ties as Diplomatic Fallout Looms
PM Anthony Albanese faces criticism after making sexual jokes about Japanese PM Sanae Takaichi’s Crown Melon gift on a podcast. Trade officials warn Japan may view Australia as a sovereign risk.
Netflix Mountaineer Nirmal Purja Missing After Broad Peak Avalanche Kills Four
Nirmal Purja, the Netflix mountaineer who holds the record for fastest ascent of the world’s 14 highest peaks, is among six climbers missing after an avalanche on Broad Peak in Pakistan killed four on July 31, 2026.
Apple Pay Outage Hits 1,300 Users on July 31 as Wallet Services Fail
Apple Pay outage on July 31 left 1,300+ users unable to transfer money or make payments. Fund transfers accounted for 57% of complaints. Apple acknowledged the issue but provided no timeline for resolution.
US, Israel Plan Major Iran Energy Strikes as Strait of Hormuz Remains Closed
U.S. and Israel planning major strikes on Iranian energy infrastructure this weekend. Strait of Hormuz closed, oil above $90/barrel, Iran retaliating against U.S. bases in Kuwait and Bahrain.