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8th Pay Commission Raises DA Hopes: Central Staff Await July 2026 Revision
8th Pay Commission consultations continue across India. Central government employees may receive up to ₹14.10 lakh in arrears and a DA hike from 60% to 63% pending July 2026 announcement.
Singapore Food Agency Ramps Up Cabbage Testing After Formaldehyde Scandal
Singapore Food Agency increases cabbage testing following reports of formaldehyde use in China. The chemical, a known carcinogen, was illegally used to preserve vegetables during transport in Hebei province.
Wendell Berry, Kentucky Author and Agrarian Voice, Dies at 92
Wendell Berry, the Kentucky author and agrarian philosopher who published over 50 books and won the National Humanities Medal, has died at 92. He was a towering voice for sustainable farming and rural life.
HDFC Bank Shares Hit 52-Week Low as Jagdishan Steps Down in October
HDFC Bank CEO Sashidhar Jagdishan steps down in October 2026. Shares hit 52-week low of ₹704.15. Deputy MD Kaizad Bharucha leads internal succession race. Meyka rates stock B+.
Siemens Chief Busch Warns EU on AI Regulation Pace, August 31
Siemens CEO Roland Busch warns the EU that slow AI regulation lets competitors advance faster. He also defends China’s competitiveness and cautions against broad tariffs.
Qantas Ground Crew Vote 97% in Favour of Strike Action on August 31
97% of 350 Qantas ground crew workers voted for strike action over pay and job conditions. No date set yet, but three days notice required before action begins.
US Weighs 7.5% Tariff on China; Switzerland Could Be Hit Too
Washington considers 7.5% additional tariffs on Chinese goods over overcapacity claims. China opposes the move and threatens countermeasures. Switzerland may also face duties.
Itochu to Invest ¥250B in Dentsu Soken, Taking 38.2% Stake
Itochu to invest ¥250 billion for 38.2% stake in Dentsu Soken via tender offer. Move aims to resolve parent-subsidiary dual listing structure and expand Itochu’s IT segment.
FTSE 100 Rises 27 Points to 10,820 as Wall Street Tech Rally Boosts Market Sentiment
The FTSE 100 gained 27.62 points, or 0.26%, to 10,820.16 in late-morning trading on Friday, August 28, 2026. The index had touched an early high of 10,844.99 before giving back some gains. A technology-led rally on Wall Street overnight drove the risk-on tone across London markets. Wall Street’s Tech Surge Sets the Tone Nvidia jumped…