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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.
Hawks Stun 36ers 114-92 in NBL Upset as Adelaide Struggles Without Stars
Illawarra Hawks beat Adelaide 36ers 114-92 in NBL upset on October 2. Hawks led 65-35 at halftime with Kelan Martin scoring 28 points. Adelaide coach Gleeson criticised his team’s effort.
Ford CEO Says AI Will Transform Skilled Trades, Not Replace Them
Ford CEO Jim Farley says AI will be a companion tool for skilled trades workers, not a replacement. The company has over 10,000 skilled-trades workers facing a new era of digital manufacturing.
Trump Sends $500 ACA Refund Checks to 950,000 Americans in 30 States
Trump administration sends $500 ACA refund checks to 950,000 enrollees in 30 states starting September 30. Eligible recipients earned above 400% of federal poverty level and paid full price for 2026 coverage without subsidies.
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.
Singapore-Johor RTS Link Opening Pushed to February 2027
The 4km cross-border rail link between Johor Bahru and Singapore’s Woodlands North will begin passenger service in February 2027, delayed from the original end-2026 target for safety certification.
Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
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.
ATO Stops Credit Card Payments From November 30, 2026
ATO ends credit card tax payments from November 30, 2026, following Reserve Bank surcharge ban. Small businesses and opposition say the move is unfair and removes vital cash-flow flexibility.