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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.
Hong Kong Launches First Five-Year Plan to 2030; AI and Finance Lead Growth
Hong Kong unveils its inaugural Five-Year Plan (2026-2030) with focus on AI, finance, and regional integration. Chief Executive John Lee outlines long-term strategy alongside 2026 Policy Address.
Meta VR Glasses Launch Spring 2027 at $1,299 as Zuckerberg Pushes AI
Meta debuts $1,299 VR Glasses launching spring 2027, weighing just 100 grams. CEO Zuckerberg also introduced Charm, a keychain-sized AI device shipping for the holidays.
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.
NAB Internet Banking Restored After Major Outage on September 23
NAB’s internet banking, mobile app, and phone services went down for over 3 hours on September 23. Services were fully restored by evening. NAB had 831 minutes of outages in the past year.
Coles Grocery Prices Jump 6% in Three Months as Inflation Bites
Choice survey finds grocery prices up 6% at Coles since March. Base basket of eight essentials now costs $43.62 on average across all four major supermarket chains.
Hong Kong Launches Yuan Trading in Stock Connect by July 2027
Hong Kong plans to add yuan trading to Stock Connect southbound by July 2027, allowing mainland investors to trade HK shares directly in yuan without currency conversion. Part of broader capital market reforms.
USDA Issues Class I Meat Recall: 167,639 Pounds Bypass Federal Inspection
Star Meat Delivery recalls 167,639 pounds of beef, pork, and goat products produced without USDA inspection but bearing false inspection marks. Class I recall affects retailers and restaurants nationwide.