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Tamil Nadu CM Vijay Drops Parandur Airport, Announces ₹4,000 Crore LPG Scheme on August 24
CM Vijay scraps Parandur airport, launches ₹4,000 crore free LPG cylinder scheme for 1.34 crore families starting Pongal 2027, and expands free bus travel for women and transgender persons from October 2.
Australia Post Hires 3,500 Seasonal Workers; Truck Drivers Earn Up to $42.26/Hour
Australia Post opens 3,500 seasonal jobs for Christmas rush. Truck drivers earn $42.26/hour, parcel sorters $35.83/hour. Applications open now; roles start September and October.
Social Security Benefits Face 22% Cut by 2032 Without Congressional Action
Social Security trust fund projected to deplete by 2032, triggering a 22% automatic benefit cut unless Congress passes reform. Three main proposals being debated.
Fifth Third Backs Payload’s $500M Monthly Payments Platform on August 23
Fifth Third Bank invests in Payload, an embedded payments platform processing $500M monthly. The deal marks Payload’s first outside capital since 2019 and expands payment options across industries.
HMRC to Send Inspectors Into UK Homes for Mansion Tax Valuations From 2028
HMRC will send valuation inspectors to UK homes worth over £2m to assess mansion tax liability from 2028. Homeowners who refuse entry face fines up to £200 and criminal charges.
Daniel Mulino Overhauls Super Rules: ATO Gets Veto Power on SMSF Transfers
Assistant Treasurer Daniel Mulino unveils major superannuation reforms including ATO veto power on SMSF transfers, new knowledge requirements, and disclosure rules to protect retirees from switching scams.
Mabuchi Motor Founder Takaichi Mabuchi Dies at 93 on August 22
Takaichi Mabuchi, founder of Mabuchi Motor (6592.T), dies at 93. He led the company from 1954 to become a global small-motor powerhouse. Stock trades at ¥1,770.50 with Meyka grade A.
Japan Tightens Visa Rules, Forcing Chinese Wealthy to Sell Tokyo Apartments
Japan’s stricter business visa rules have cut Chinese applications 96%, forcing wealthy residents to sell Tokyo luxury apartments within 30 days or face deportation. High-end condo sales in central Tokyo have dropped 60% year-over-year.
Bitcoin Surges 7.2% to $78,301 as Treasury Bond Buyback Fuels Rally
Bitcoin jumped 7.2% to $78,301 on August 21 as the U.S. Treasury’s bond buyback announcement extended the cryptocurrency’s best week since 2023.