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EU Expansion Plan Shifts to Gradual Entry, Cuts Unanimity Rule October 8
EU Commission proposes phased EU membership, qualified majority voting, and safeguards for new members. Montenegro could join by 2028. Enlargement Commissioner Marta Kos outlines reforms October 6.
Crystal Jade Closes Four More Outlets, Cuts 120 Jobs Ahead of Sale
Crystal Jade closes four Singapore outlets and terminates 120 workers on October 6 as receivers prepare the business for sale. Nine restaurants remain open.
Bathurst 1000 Drivers Fail Mandatory Test; Some Turn to ChatGPT
Bathurst 1000 drivers face mandatory 100% safety test with flawed questions. One driver failed three times; others used ChatGPT. Test answers contradict Supercars rules.
Singles Pay $7,800 Annual ‘Tax’ as Housing Costs Surge 5.7% in Australia
Single Australians pay an estimated $7,800 annual ‘singles tax’ on housing as rents surge 5.7% and single-person households grow to 27.5% of all homes.
Citi Raises AMD Target to $800 on Meta Muse CPU Boom, October 7
Citi analyst raises AMD price target 39% to $800 after Meta Muse launch. CPU market seen expanding to $300B by 2030. AMD stock hits record high at $649.42.
Citi Tops Global IPO Underwriting, Overtakes Goldman Sachs in 2026
Citigroup takes top spot in global IPO underwriting through September 2026, ahead of Goldman Sachs, after advising on SK Hynix $26.5B and SpaceX $86B listings.
Deluge Raises S$23.4M in SGX IPO as Fire Safety Rules Tighten October 6
Deluge raises S$23.4M in SGX IPO priced at S$0.60 per share. The fire-protection firm holds 8.3% of Singapore’s market and eyes regional expansion as Malaysia tightens fire safety rules for 9,451 buildings.
Kioxia Stock Split Triggers Margin Call Crisis as Year-End Deadline Looms
Kioxia’s 3-for-1 stock split lowered entry barriers but trapped margin traders. Retail investors face year-end liquidation deadlines, risking cascade selling in the memory chip maker’s shares.
Nobel Prize in Physiology or Medicine 2026: US and German Scientists Win for Optogenetics
Karl Deisseroth, Peter Hegemann, and Georg Nagel win the 2026 Nobel Prize in Physiology or Medicine for optogenetics, a technique that uses light to control brain cells. The prize is worth 12 million Swedish kronor.