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Lidl Halts EV Orders for Staff as German Automarket Volatility Bites
Lidl parent Schwarz-Gruppe halts electric vehicle orders for employee company cars in Germany due to volatile market conditions and changing regulations. Current fleet includes one-fifth EVs.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
Japan Tightens Permanent Residency Rules: Income and Pension Thresholds Rise July 25
Japan raises permanent residency requirements starting October 2026. Applicants must now earn above average Japanese household income and meet 30-year pension contribution thresholds.
Australia’s New Super Tax Hits High Earners From July 1: What Retirees Need to Know
Australia’s new Division 296 superannuation tax from July 1, 2026 hits high-balance retirees with 30-40% rates. Affects 90,000 people with balances over $3 million. Capital gains tax and negative gearing changes also take effect July 2027.
Trump Imposes 12.5% Tariff on Australian Exports From July 25
Trump’s new 12.5% tariff on Australian exports takes effect July 25, replacing temporary 10% duty. Australia disputes forced labour claims and calls tariffs unjustified.
Australia’s New 30% Capital Gains Tax Hits Retirees From July 2027
Australia’s new capital gains tax reform cuts the 50% CGT discount and imposes a 30% minimum tax rate from July 1, 2027. Retirees and investors should realise gains before the deadline to save tax.
Howard University Unenrolls 502 Freshmen Over July 10 Payment Deadline
Howard University unenrolled 502 incoming freshmen for missing a July 10 payment deadline. Students say they were told scholarships would come later but were given no flexibility before move-in on August 3.
FTSE 100 Rises 0.32% While DAX Jumps 0.83% as Retail Sales Lift European Markets
The FTSE 100 climbed 0.33% Friday afternoon, reaching 10,673.99 points. Germany’s DAX outperformed, rising 0.83% to 24,969.21 points. Both indices reversed a weaker morning open to trade higher by midday. UK retail sales volumes jumped 1.0% in June, smashing forecasts for a 0.3% decline. That surprise beat helped the FTSE 100 recover from Thursday’s 0.73%…
Australian Employment Holds Steady Despite Labour Force Data Concerns
Australia’s labour market remained resilient in June 2026, even as the latest labour force data prompted fresh questions about the strength of the jobs recovery. According to the Australian Bureau of Statistics (ABS) report released on July 23, 2026, employment rose by 76,000 jobs while the unemployment rate stayed at 4.4%. The combination of strong…