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Gen Z’s Retreat from Wohneigentum: Why Home Ownership Is Slipping Out of Reach in Germany
Wohneigentum — German for home ownership — is the word Germany’s property debate is rallying around this week, after new research showed the dream of owning a home is slipping further from young Germans’ reach. The findings, from mortgage broker Interhyp’s annual Wohntraumstudie, show that gen z homeownership in Germany is not just expensive: for…
NSW Police Chief Loses Bid to Hide Protest Inquiry as October 19 Hearings Confirmed
NSW Police Commissioner Mal Lanyon’s attempt to hold closed-door hearings into the February anti-Herzog protest was rejected. Public examinations will begin October 19 with livestreaming of senior officers’ testimony.
Bank of America Falls 2.8% as Six Banks Warn on AI Shopping Fraud Risks
Bank of America and five major banks warn AI shopping agents risk fraud and scams. BAC stock falls 2.8% as banks call for tighter safeguards and disclosure rules.
German Inflation Hits 2.9% in August; Savers Seek Yields Above Rate
German inflation climbed to 2.9% in August. Savers can now find savings accounts paying 3.6% to 4.1%, beating the inflation rate and protecting purchasing power.
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
Scott Bessent Pushes Treasury Buybacks as Bond Vigilantes Challenge US Debt
Scott Bessent doubled Treasury’s long-term bond buyback program on August 19, 2026, raising the per-operation cap from $2 billion to at least $4 billion. The Treasury secretary told CNBC Thursday the size could climb even further. Yields fell sharply on the news, with the 10-year note dropping 5.7 basis points to 4.647%. Bessent’s move directly…
Sydney Banker David Cao Charged With Attempted Murder in French Hotel Attack
Sydney banker David Cao, 37, charged with attempted murder after allegedly attacking his partner with a saucepan and boiling water at a French hotel on July 28. He was arrested 36 hours later near the Belgian border.
Nikkei 225 Falls Over 2% as Stronger Yen Pressures Japanese Exporters
On August 3, 2026, the Nikkei 225 dropped more than 2% after the Japanese yen strengthened, triggering a wave of selling in export-driven stocks. Automakers and technology companies were among the hardest hit because a stronger yen reduces the value of overseas earnings when they are converted into Japan’s currency. The decline also raised fresh…
Kyle Sandilands Quits Australian Idol After Advertiser Campaign Pressure
Kyle Sandilands quits Australian Idol following activist campaign targeting advertisers. The 55-year-old judge will not renew his contract in September, citing brand protection.