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Philippines-Singapore Cable Restored After October 2 Outage
Philippines-Singapore submarine cable outage on October 2 disrupted internet for PLDT, Globe, and Converge users. The C2C cable was restored by October 3 after telcos rerouted 300Gbps of traffic.
Euro Falls to 4-Month Low as French Fiscal Risks Mount, October 03
Euro hits 4-month lows as hedge funds boost short bets amid French fiscal concerns and European bond selloff. EURUSD consolidates below 1.1500.
Disney Licenses ‘Ice Age,’ ‘Percy Jackson’ to Netflix Starting October 4
Disney licenses Ice Age films, Percy Jackson, and other titles to Netflix starting October 4. The deal includes a three-month promotional window ahead of new franchise releases.
Ken Griffin’s $3B Carnegie Mellon Gift Reshapes Miami Real Estate October 03
Ken Griffin donated $3 billion to Carnegie Mellon University to build a Miami campus on 35 acres purchased for $1.1 billion. The gift is the largest in higher education history and has sparked a commercial real estate boom in Wynwood.
Swiss AHV Pensions Rise 1.6% in 2027, Minimum Payment Up CHF 20
Swiss AHV and IV pensions rise 1.6% from January 2027. Minimum pension increases CHF 20 to CHF 1,280, maximum to CHF 2,560. Total cost: CHF 1.055 billion.
Getty Images Avoids Default, Faces NYSE Delisting October 3
Getty Images avoids default with last-minute $51.6M bond payment but faces NYSE delisting. Stock down 99% since 2022 SPAC debut as AI competition pressures stock imagery business.
NATO Faces Defence Spending Splits as Italy Cuts €8bn Budget October 3
NATO defence spending fractures as Italy cuts €8bn budget while Denmark, Poland and UK boost military investment. Russia’s nuclear threats and Arctic activity drive European rearmament.
Galeria Files for Fourth Bankruptcy in Six Years on October 2
Galeria files for insolvency for the fourth time in six years on October 2. The German department store chain has 83 stores and 12,000 employees facing job losses.
ANZ Drops KPMG as Auditor After 57 Years Amid Scandal
ANZ ends 57-year audit relationship with KPMG, worth A$29 million annually, as the accounting firm faces fallout from whistleblower allegations over confidential data misuse.