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Qantas Launches Double Points Offer as RBA Credit Card Reforms Loom on August 26
Qantas offers double frequent flyer points or status credits through September 2, 2026, ahead of RBA reforms cutting credit card rewards. Bookings must be made by September 2 for travel through August 14, 2027.
Trump Proposes Renaming Lake Ontario to Lake America Amid 50% Tariff War With Canada
Trump floats renaming Lake Ontario to Lake America during escalating Canada trade war. Canada retaliates with $20 billion in tariffs on U.S. goods including steel and dairy.
Gold Hits 3-Month High at $4,698 as Treasury Buyback Fuels Rally
Gold hits $4,698 per ounce, a 3-month high, driven by U.S. Treasury bond buyback plans and dollar weakness. Citi raises target to $4,800 as investors brace for PCE data and Jackson Hole speech.
Bathla Group Collapses Into Administration, Leaving 3,500 Homes in Limbo on August 25
Bathla Group, a major Sydney developer, has entered voluntary administration with 3,500 homes under construction left in limbo. Teneo appointed as administrator. Buyers and contractors face uncertainty.
Australia’s Capital Gains Tax Overhaul Hits Shares and Property on July 1, 2027
Australia’s new CGT rules from July 2027 replace the 50% discount with a 30% base rate and inflation adjustment. Share sales, property renovations, and super funds face higher taxes.
Sony Stock Faces Pressure as PlayStation Blackout Protest Enters Day 3
Sony faces a PlayStation Blackout protest from August 23-30 as gamers boycott over the company’s plan to end physical disc production by January 2028. Digital sales already dominate PlayStation revenue.
Australia’s Diphtheria Outbreak Hits 538 Cases, Largest Since 1991
Australia records 538 diphtheria cases in 2026, the largest outbreak since national reporting began in 1991. Cases concentrated in Northern Territory and Western Australia among Aboriginal communities.
Tokio Marine Stock Split 15-for-1 on October 1, Dividend Hiked
Tokio Marine Holdings executes 15-for-1 stock split on October 1, 2026, lowers share price to around ¥494, and introduces shareholder benefits program. Dividend adjusted proportionally.
Social Security 2027 COLA Announcement Set for October 14, 2026
Social Security 2027 COLA will be announced October 14. Latest forecasts project 3.6% increase, raising average monthly checks by about $75 starting January 2027.