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Starbucks Closes 250 Stores as Niccol’s Turnaround Gains Traction
Starbucks closes 250 stores across North America this week as part of CEO Brian Niccol’s turnaround. The closures represent 1% of its 18,000-store footprint and will cost $300 million in restructuring charges.
Bank Strike September 28-30: India’s 8 Lakh Employees Demand 5-Day Week
Indian bank employees strike September 28-30 demanding five-day workweek. Government refuses to implement March 2024 agreement. Public sector banks may close for five consecutive days.
Over 100 Arrested at Netanyahu UN Protest on September 25
Over 100 protesters, including Susan Sarandon and Hannah Einbinder, arrested outside UN headquarters during Netanyahu’s General Assembly speech in New York on September 24.
Australia’s Unemployment Hits 4.6% in August, Highest Since Pandemic
Australia’s unemployment rate climbed to 4.6% in August, the highest since the pandemic ended. More people are entering the workforce while part-time jobs grow and full-time roles shrink.
CITIC Bank Offers USD Fixed Deposits at 4.2% as Hong Kong Savers Hunt Yields
CITIC Bank offers USD fixed deposits at 4.2% annual rate for 12-month terms on new funds. HK banks compete for deposits as DPS celebrates 20 years of protecting up to HK$800,000 per depositor.
Super Access for Housing Ignites Political Battle in Australia
Coalition proposes letting Australians access superannuation for home purchases. Industry warns it would devastate retirement savings and benefit banks over borrowers.
Social Security Trust Fund Faces 26% Benefit Cut by Mid-2032, CBO Warns
CBO projects Social Security trust fund insolvency by mid-2032 with 26% benefit cuts. Payroll tax hikes to 17% would cost workers $2,600-$3,000 yearly. Congress faces competing proposals to close the funding gap.
IBPS PO Prelims Result 2026 Released; 7,565 Vacancies and October 4 Mains Exam
IBPS PO Prelims Result 2026 declared on September 23. Candidates can check qualifying status at ibps.in. Mains exam on October 4 for 7,565 Probationary Officer and Management Trainee posts.
China Seizes F-35 Stealth Parts Diverted From Australia on September 24
China has seized F-35 stealth aircraft parts diverted from Australia. A cockpit canopy and weapons-bay door coated with radar-absorbing material were shipped by UPS in May but never reached the US.