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Nigerian Naira Strengthens to N1,362 Per Dollar on July 25, 2026
Nigerian naira appreciates to N1,362 per dollar as foreign reserves hit $52 billion and oil prices surge. Official and black market rates both strengthen on improved FX liquidity.
Kawamura Struggles in Summer League, NBA Contract Uncertain July 26
Japanese point guard Yuki Kawamura finished Summer League averaging 8.2 points and 4.8 assists in five games, but struggled with three-point shooting at 7.7%. His NBA contract prospects with the Pacers remain uncertain.
Australian Farmers Face 30% Cost Surge as Fuel and Fertiliser Squeeze Margins
Australian farmers report 30% cost increases from fuel and fertiliser prices, with vegetable growers earning half their normal returns. North Queensland growers warn the crisis threatens farm viability.
Australia’s 13 Million Spare Bedrooms Could Ease Housing Crisis if Pension Rules Change
Australia’s census on August 11 will update the count of 13 million spare bedrooms. Experts say changing pension rules could unlock rental supply and ease housing affordability.
Oriental Land Stock Climbs 2% as CEO Takahashi Signals DPA Changes
Oriental Land CEO Wataru Takahashi responds to shareholder demands for annual pass revival and service improvements. Stock at ¥2,682.50 as Disney price hikes continue.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
TGA Warns GLP-1 Drugs Linked to Rare Eye Blindness July 25
Australia’s TGA warns GLP-1 drugs like Ozempic and Mounjaro linked to 36 cases of NAION, a rare eye disorder causing permanent blindness. No treatment available.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
Supreme Court Strips Independent Agencies of Firing Protection, July 24
Supreme Court’s Trump v. Slaughter ruling lets the president fire independent agency heads without cause, overturning Humphrey’s Executor. Federal Reserve kept its independence in Trump v. Cook.