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AUSTRAC Uncovers A$4 Billion Mortgage Fraud Across Australia’s Five Largest Banks
AUSTRAC’s Operation Claw uncovers A$4 billion in suspected mortgage fraud across Australia’s largest banks, with borrowers using fake employment and offshore funds. Hundreds referred to police.
Nick Kyrgios Suspended After Testing Positive for Cocaine in Spain
Nick Kyrgios provisionally suspended after testing positive for cocaine at ATP 250 event in Mallorca on June 22. The 31-year-old faces a ban ranging from three months to four years.
Ray Stone Retires From NRL at 29 After Persistent Injuries
Dolphins cult hero Ray Stone retires from NRL at 29 after persistent shoulder and other injuries force early exit from rugby league.
Russians Pull €24.4B From Banks in 7 Months as War Fears Mount
Russians withdrew €24.4 billion from banks in the first seven months of 2026, fearing the Kremlin will seize deposits to finance the Ukraine war. Five of Russia’s seven largest banks recorded net outflows.
Kalgoorlie-Boulder Property Prices Surge 6.4% as Regional WA Outpaces Nation
Kalgoorlie-Boulder records 6.4% annual property price growth, second only to Port Pirie nationally. Regional WA averages 2.1% growth, outpacing capital cities as investors and first-home buyers compete.
Great Western Highway Reopens Q2 2027 After $200M Federal-State Funding Boost
Federal and NSW governments commit $200 million to rebuild Great Western Highway at Victoria Pass, with reopening targeted for Q2 2027 and a new overtaking lane to follow.
Migros Bank’s Private Client Chief Markus Schawalder Steps Down August 19
Migros Bank’s private client head Markus Schawalder departs after five years leading the division. The bank begins search for successor as mortgage growth slows.
Peltola Leads Alaska Senate Primary; Sullivan Faces Namesake on November Ballot
Mary Peltola led Alaska’s Senate primary with 46.8% of the vote, advancing to face incumbent Dan Sullivan (44.4%) in November. A retired teacher also named Dan Sullivan qualified for the general ballot.
FTSE 100: Index Rises 0.06% as Rio Tinto, Anglo American Lead Mining Rally Despite UK Inflation Hitting 2.9%
The FTSE 100 edged 0.06% higher on Wednesday, August 19, 2026, as mining stocks helped support London shares despite fresh inflation concerns. Rio Tinto and Anglo American were among the stronger performers on the index. At the same time, UK inflation rose to 2.9% in July, up from 2.6% in June, with higher energy costs…