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Singapore-Johor RTS Link Opening Pushed to February 2027
The 4km cross-border rail link between Johor Bahru and Singapore’s Woodlands North will begin passenger service in February 2027, delayed from the original end-2026 target for safety certification.
Galeria Files for Fourth Bankruptcy in Six Years on October 2
Galeria files for insolvency for the fourth time in six years on October 2. The German department store chain has 83 stores and 12,000 employees facing job losses.
ANZ Drops KPMG as Auditor After 57 Years Amid Scandal
ANZ ends 57-year audit relationship with KPMG, worth A$29 million annually, as the accounting firm faces fallout from whistleblower allegations over confidential data misuse.
New York Attorney General Takes Over Cornell Gang Rape Case From Local Prosecutor
NY Attorney General Letitia James appointed special prosecutor in Cornell gang rape case after local DA declined to prosecute. Governor Hochul cites failures in police investigation and prosecution.
US Deploys Third Aircraft Carrier to Middle East as Oil Surges October 2
US deploys third aircraft carrier to Middle East with 9,000 troops by November. Brent crude jumps 4.4% to $102.31 as Trump hints at post-election Iran strikes.
Quant USD Slides 13.2% to $248.70 as RSI Hits Extreme Overbought
QNTUSD fell 13.2% in 24 hours to $248.70 with RSI at 81.27, signaling extreme overbought conditions and potential pullback risk.
Volkswagen Terminates 10 Collective Agreements as Union Prepares October 2 Showdown
Volkswagen terminates 10 collective bargaining agreements for 127,000 German employees effective December 31, 2026. IG Metall and works council vow resistance; strikes possible from January 1, 2027.
CBA Extends Regional Branch Pledge to December 2030
Commonwealth Bank commits to keeping 281 regional branches open until December 2030, investing A$140 million and maintaining cash access despite declining usage.
DFI Retail Grabs Full Starbucks Control in Asia for US$340M on October 1
DFI Retail takes full control of 1,100+ Starbucks stores across Asia for US$340M cash, exiting Maxim’s joint venture. Stock jumps 6.6% as company targets billion-dollar business in three years.