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Wikramanayake Warns Australia’s Superannuation System Risks Complacency
Macquarie CEO Shemara Wikramanayake warns Australia’s superannuation system risks complacency. The country must act urgently to maintain its financial position in the Indo-Pacific region.
Denny’s Franchisee Closes 5 Locations in Minnesota, Wisconsin on September 9
Denny’s franchisee M15 Inc. closed 5 locations in Minnesota and Wisconsin on September 9, citing unsustainable debt. The chain has shuttered 155 restaurants over two years as it pursues a turnaround.
Apple Raises iPhone Prices by $100 Across Older Models on September 10
Apple raised prices on iPhone 16, 17, 17e, and Air by $100 on September 10, breaking tradition. New iPhone 18 Pro starts at $1,199. Memory costs and AI demand drive the shift.
Anthropic Researcher Quits Over AI Safety, Warns of Extinction Risk
Anthropic researcher Jacob Coxon quits over AI safety fears, warning that AI could kill all humans by decade’s end. Senior colleagues confirm 10% extinction risk.
Sapporo Shifts Non-Alcoholic Beer to US by Mid-2027 Amid 50% Tariff
Sapporo plans to shift non-alcoholic beer production from Canada to the US by mid-2027 to dodge 50% tariffs. The move affects just 0.5% of Canadian output and remains unconfirmed.
OpenAI Solves Navier-Stokes Problem in 88 Hours; Controversy Erupts Over Methods
OpenAI claims to have solved a 90-year-old math problem using AI in 88 hours, but faces allegations it accelerated work after learning of rival researchers’ progress.
Canada’s CA$27.6B Tariffs on U.S. Goods Take Effect September 8
Canada’s retaliatory tariffs on CA$27.6 billion of U.S. goods took effect September 8, targeting dairy, furniture, and electronics at rates up to 50%. Trump responded by banning Canadian goods from U.S. government contracts.
Trump Demands Bombardier Build in U.S. or Lose Sales Access
Trump threatens to block Bombardier jet sales in the U.S. unless the Canadian aerospace company builds planes domestically. Bombardier says it already manufactures components in the U.S. and employs 3,500 American workers.
Bond Market Rout Pushes Australian 10-Year Yields to 15-Year High
Australian 10-year bond yields hit 15-year highs as global bond markets sell off sharply. Rising yields increase borrowing costs and threaten asset prices amid persistent inflation and $40 trillion US debt.