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UPI Ends Free Era: 0.4% Fee on Merchant Payments Above ₹2,000 From October 15
NPCI introduces 0.4% MDR on UPI merchant payments above ₹2,000 from October 15, 2026. P2P transfers and transactions under ₹2,000 remain free. Small merchants earning up to ₹1 lakh monthly pay zero fees.
Cue and Veronika Maine Enter Administration on September 15
Cue and Veronika Maine enter voluntary administration on September 15. The 58-year-old Australian fashion brands operated 51 stores but could not cover overhead costs despite a 5% sales increase.
China Accuses US AI Firms of ‘Coordinated Play’ to Block Competition, September 15
China accuses Anthropic, OpenAI, and SpaceX of coordinated efforts to slow AI development and block Chinese competition. Beijing released its own AI safety framework on September 14.
Labor’s Health Insurance Rebate Cut to Cost Pensioners $1.6B by 2030
Labor’s plan to cut private health insurance rebates for over-65s will cost pensioners $1.6 billion by 2030, according to Parliamentary Budget Office analysis released September 14, 2026.
Uganda’s King Oyo Buried September 12 Amid Succession Dispute
King Oyo of Tooro Kingdom buried September 12 after death from cancer. Succession disputed between news anchor Edward Rukidi Kijanangoma and late king’s unnamed son.
Foresque Residences Balcony Lawsuit: MCST Sues Developer Over Concrete Defects
Foresque Residences MCST sues developer and four parties over balcony defects discovered after concrete fell 20m. 60% of Block 105 balconies show hollow sections. BCA issued Notice to Maintain.
Nintendo’s Palworld Patent Rejected by Japan Office After Fan Video Evidence
Nintendo’s patent for monster-capture mechanics was rejected by Japan’s Patent Office after a 2013 fan video was cited as prior art. The company filed an appeal on September 3, 2026.
Social Security COLA 2027 Projected at 3.5% to 3.6%, Highest in 3 Years
Social Security COLA for 2027 projected at 3.5% to 3.6%, up from 2.8% in 2026. Average retiree could see monthly benefit rise by $67 to $75. Official announcement October 14.
Carnival Slides 3.3% After AIDA Perla Breaks Free in Le Havre on September 8
Carnival’s AIDA Perla breaks free in Le Havre after 35 mph wind gusts snap mooring lines, hits quay wall. CCL stock drops 3.3%. Ship grounded for inspection; Zeebrugge and Rotterdam calls cancelled.