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CBA Shifts 9M Customers to Virgin Rewards as Qantas Points Lose Value
Commonwealth Bank relaunches loyalty program with Yello points on October 1, favoring Virgin Velocity over Qantas. 9 million customers now earn points on home loans, savings, and insurance alongside credit cards.
71-Year-Old Pensioner Loses $9,300 Life Savings in Caravan Scam on August 19
71-year-old Sue lost $9,300 to a fake caravan dealer website. Victoria Police is investigating the fraud, which used a hijacked ABN. Experts warn of increasingly sophisticated online scams targeting retirees.
Lloyds Banking App Down on August 19: 2,450 Outage Reports Hit UK Customers
Lloyds Banking Group’s app and online banking went down on August 18, 2026, affecting 2,450+ customers. Services restored by 1pm. Latest outage for the UK banking giant.
Global Bond Yields Hit 30-Year Highs on August 19 as Oil Soars Past $91
Global bond yields surge to 30-year highs as Middle East tensions spike oil to $91/barrel and stall U.S.-Iran peace talks. Japan’s 10-year yield hits highest level since 1996.
CBA Overhauls Loyalty Program: 9 Million Customers Shift to Yello Points on October 1
Commonwealth Bank launches Yello rewards program on October 1, affecting 9 million customers. New scheme favors Virgin Velocity over Qantas points and rewards bundled banking products.
Canada’s Fuel Excise Tax Set to Return Sept. 7; Poilievre Pushes Extension to 2027
Poilievre urges Carney to extend Canada’s fuel excise tax pause until Canada Day 2027. The 10-cent-per-litre break expires Sept. 7. Gas prices up 25.7% year-over-year.
Tyson Foods Closes Three Beef Plants, Lays Off 3,200 as Cattle Shortage Deepens
Tyson Foods closes beef plants in Joslin, Illinois and Eagle Mountain, Utah, laying off 3,200 workers amid a 75-year low in cattle herds. The company also plans to sell its Pasco, Washington facility.
XRP vs Stablecoins in 2026: USDT Hits $182.98 Billion, USDC Tops $71.96 Billion Can XRP Compete?
As of August 18, 2026, stablecoins continue to account for a large share of crypto’s dollar-based liquidity. USDT is near $183 billion, while USDC is around $72 billion in market value. XRP, by comparison, trades near $1, with a market capitalisation of roughly $62 billion. Still, an XRP vs stablecoins comparison is not only about…
FTSE 100 Today: Index Rises 0.16% as BP Jumps 2.1%, Shell Gains 1.5% Despite Hormuz Strike
The FTSE 100 today edged 0.16% higher on August 18, 2026, with energy stocks helping the index stay in positive territory despite fresh tensions around the Strait of Hormuz. BP shares climbed 2.1%, while Shell gained 1.5% as oil prices moved higher after a vessel was struck along the key shipping route. Brent crude was…