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UPI Ends Free Era: 0.4% Fee on Merchant Payments Above ₹2,000 From October 15
NPCI introduces 0.4% MDR on UPI merchant payments above ₹2,000 from October 15, 2026. P2P transfers and transactions under ₹2,000 remain free. Small merchants earning up to ₹1 lakh monthly pay zero fees.
Cue and Veronika Maine Enter Administration on September 15
Cue and Veronika Maine enter voluntary administration on September 15. The 58-year-old Australian fashion brands operated 51 stores but could not cover overhead costs despite a 5% sales increase.
Cumulus and Zimmer Press FCC to Lift Radio Ownership Caps, September 15
Cumulus Media and Zimmer Communications urge FCC to repeal local radio ownership caps, citing competition from Spotify, YouTube, and digital ad platforms that have cut into broadcast radio revenues since 1996.
Hyperliquid USD Rallies 4.3% to $80.59 on Corporate Buyback Plan
HYPEUSD jumped 4.3% to $80.59 after Hyperliquid Strategies expanded equity capacity to $2.5 billion, signaling potential token purchases.
HSBC and Hong Kong Banks Face Fraud Liability in iPhone 18 Presale Card Breach
Hong Kong police report 700+ credit card fraud cases totaling HK$14.7M during iPhone 18 presale. HSBC and other banks waive customer liability. Lawmakers say merchants disabled security to boost transaction speed.
Sanders Backs 32-Hour Workweek Bill as Congress Debates Labor Reform
Bernie Sanders’ new 32-hour workweek bill would gradually lower the federal overtime threshold from 40 to 32 hours over four years with no pay cuts. Critics warn it could cost jobs.
Singapore Raises Primary 1 Alumni Priority Spots to 60, Sparking Equity Debate
MOE increases Primary 1 Phase 2C places from 40 to 60 for most schools, with 12 popular schools adopting a two-track system. Alumni parents express concern over reduced priority access.
Australia’s Card Surcharge Ban Kicks In October 1: What Changes for You
From October 1, card surcharges are banned in Australia. Banks are raising annual fees and cutting rewards. Small businesses save $910 million but may raise prices.
Zimmer Biomet Cuts Up to 580 Jobs in Winterthur as Restructuring Accelerates
Zimmer Biomet plans to cut up to 580 jobs at its Winterthur plant, affecting 79% of the 730-person workforce. The restructuring aims to streamline manufacturing, though final numbers may change during consultation.