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Budget Changes Slam ‘Bank of Mum and Dad’ as First-Home Buyers Rush—July 9
Family support for first-home buyers drops sharply after 2026 budget changes to negative gearing and capital gains tax. Young buyers rush to purchase before costs rise, but parents pull back on guarantees.
Rheinmetall and Lockheed Martin to Build ATACMS Missiles in Germany
Rheinmetall and Lockheed Martin plan to manufacture ATACMS missiles at a new facility in Unterlüss, Germany. The deal, signed at NATO’s Ankara summit, represents the first European production of these tactical weapons.
Euro Falls to 1.1425 as Middle East Tensions Spike Oil Prices—July 8
EUR/USD drops to 1.1425 on July 8 as Middle East escalation drives oil to $76.50/barrel and investors flee to safety. ECB rate hike hopes fade amid energy shock.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.
Bank of Canada Holds Rates at 2.25% Ahead of July 15 Decision
Bank of Canada holds key rate at 2.25% as it faces conflicting economic signals. Rate decision expected July 15 amid Middle East tensions and trade uncertainty.
Kumamoto Fires Teacher for Voyeurism, Suspends Another for Theft—July 9
Kumamoto Board of Education fires teacher for attempted voyeurism after ¥500,000 fine, suspends another for stealing ¥90,000 from staff funds. Two separate disciplinary cases announced July 8.
German Court Orders Liebich Extradition From Czech Republic on July 8
Czech Republic approves extradition of Marla Svenja Liebich to Germany to serve 18-month sentence for hate speech and incitement. Transfer expected within ten days.
EasyJet Agrees £5.2bn Takeover by Castlelake on July 8, 2026
EasyJet agrees to £5.2bn takeover by Castlelake at 690p per share. Deal requires regulatory clearance and shareholder vote by August 3, 2026.
Australian Woman Arrested in US for Illegal Voting in 2022 and 2024 Elections
Australian woman Denise Nataly Migliore arrested after allegedly voting illegally in US federal elections by falsely claiming citizenship. Faces up to 5 years in prison and $250,000 fine.