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Philippines-Singapore Cable Restored After October 2 Outage
Philippines-Singapore submarine cable outage on October 2 disrupted internet for PLDT, Globe, and Converge users. The C2C cable was restored by October 3 after telcos rerouted 300Gbps of traffic.
Ken Griffin’s $3B Carnegie Mellon Gift Reshapes Miami Real Estate October 03
Ken Griffin donated $3 billion to Carnegie Mellon University to build a Miami campus on 35 acres purchased for $1.1 billion. The gift is the largest in higher education history and has sparked a commercial real estate boom in Wynwood.
Getty Images Avoids Default, Faces NYSE Delisting October 3
Getty Images avoids default with last-minute $51.6M bond payment but faces NYSE delisting. Stock down 99% since 2022 SPAC debut as AI competition pressures stock imagery business.
Trump Rejects Secret Service Plan to Demolish Oval Office, Seeks Landmark Status
Trump says he rejected a Secret Service proposal to demolish the Oval Office. The president has decorated the room with gold and is seeking federal landmark status to protect his renovations.
Chinese Investor Fined $508,000 for Land Banking in Victoria
Federal Court orders Chinese investor Fengqin Li to pay $508,000 penalty for failing to develop vacant Berwick land within required four-year timeframe. ATO steps up land banking enforcement.
Micron Crushes Q4 Earnings, Guides Revenue to $61.5B on AI Chip Demand
Micron beats Q4 earnings with $54.23B revenue and $33.42 EPS, guides Q1 to $61.5B. Stock up 550% in 12 months as AI memory demand soars.
Dangote’s £12bn Kenya refinery breaks ground despite court order on September 30
Aliko Dangote breaks ground on £12bn Lamu refinery in Kenya on September 30, despite court order maintaining status quo on disputed land until October 14 hearing.
Triple Lock Pension Scrapped From 2030: What Burnham’s Plan Means for Your Retirement
Andy Burnham scraps the triple lock pension from 2030, replacing it with inflation or 2.5% rises. The change will save £15bn yearly by 2040 but removes the earnings link that currently protects retirees.
US Bans $967M in Canadian Alcohol, Dairy, Motorcycles on September 29
Trump’s ban on $967 million worth of Canadian alcohol, dairy, and motorcycles goes into effect September 29. Spirits exports hit hardest at $673 million USD annually.