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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.
ASIC Finds Banks Failing Offset Accounts, Costing Australians A$55M
ASIC review finds weaknesses across all major Australian banks in managing offset accounts, with A$55M in compensation paid. 1.8 million households affected. Check your account now.
Nanya Bets Big on AI With $6.2 Billion Semiconductor Investment for 2027
On July 10, 2026, Taiwan-based Nanya Technology announced plans to invest more than T$200 billion (around US$6.2 billion) in semiconductor production during 2027. The decision reflects the company’s confidence in the expanding AI market. Demand for AI servers and high-performance memory chips continues to increase, prompting chipmakers to add manufacturing capacity. Nanya’s latest investment could…
FTSE 100 Edges Higher While Sterling Hits $1.3367 After Disappointing U.S. Jobs Report
FTSE 100 jumped 174 points to close at 10,652 on Thursday, July 2, 2026. The rally followed a weaker-than-expected U.S. jobs report, which rattled dollar strength. Nonfarm payrolls rose just 57,000 in June, far below the 110,000 consensus estimate. Sterling climbed 0.52% to $1.3349 against the dollar. The FTSE 100 posted its highest close since…