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Australia’s Age Pension Thresholds Rise July 1: Who Gets a Boost
Age Pension deeming thresholds rose July 1, 2026. Single pensioners now have $66,800 at the lower rate, couples $110,600. Part-pensioners with investments may see modest payment increases.
Oil Choke Points Widen as Hormuz Attacks Surge: Brent Hits $100
Oil prices surge past $100 as attacks on tankers in Hormuz, Red Sea, and Black Sea disrupt shipping. Brent crude up 30% in July. Vulnerable economies face $20bn annual import cost rise.
Trump’s ICC Policy Escalates as Prosecutor Khan Ousted July 25
Trump’s State Department vows to dismantle the ICC brick by brick. The court votes to remove prosecutor Khan over misconduct. UK faces pressure as fourth-largest ICC donor.
Nigerian Naira Strengthens to N1,362 Per Dollar on July 25, 2026
Nigerian naira appreciates to N1,362 per dollar as foreign reserves hit $52 billion and oil prices surge. Official and black market rates both strengthen on improved FX liquidity.
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.
Judge Boasberg Blocks Trump Visa Ban on Fact-Checkers, July 24
Federal judge halts Trump visa restrictions on fact-checkers and disinformation researchers, ruling the policy unconstitutionally discriminates based on viewpoint in violation of the First Amendment.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
Super El Niño Could Hit Record Strength in 2026, Reshaping US Weather
National Weather Service forecasts 81% chance of record-strength Super El Niño in 2026, potentially reshaping US weather patterns through spring 2027 and raising global temperature records.
Klopp Named Germany Head Coach on €7M-Per-Year Deal Through 2030
Jürgen Klopp appointed Germany head coach on €7M-per-year contract through 2030. First match against Netherlands on September 24. Klopp warns media over family privacy.