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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.
Swiss Consumer Watchdog Exposes Hotel Evictions and Deindeal Gutschein Crisis October 2
Kassensturz uncovers illegal hotel storage eviction and Deindeal gutschein crisis affecting Swiss consumers. Pensioner loses 11,000 francs in tools; customers cannot redeem vouchers as platform faces insolvency.
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.
US Deploys Third Aircraft Carrier to Middle East as Oil Surges October 2
US deploys third aircraft carrier to Middle East with 9,000 troops by November. Brent crude jumps 4.4% to $102.31 as Trump hints at post-election Iran strikes.
CBC Opens Bidding for Short-Form Video Rates as India Shifts to Reels
CBC invites 36 agencies to bid on rates for short-form videos and AI TVCs by October 6. The move signals India’s advertising industry shift toward social media and generative video production.
Flydubai Cockpit Attack: Co-pilot Transferred to UAE as Terror Probe Widens
Flydubai flight FZ1073 diverted after co-pilot stabbed captain in apparent crash attempt. Over 170 passengers aboard. Attacker transferred to UAE as investigators probe terror connections and security lapses.
Channel 4 CEO Rules Out BBC Merger, Opens Door to iPlayer Content Sharing
Channel 4 CEO Priya Dogra says she won’t merge with the BBC but is open to sharing content on iPlayer. The broadcaster is cutting 340 jobs and shifting spending toward programming.
Amazon Begins $200 Prime Settlement Payouts October 1 as FTC Expands Eligibility
Amazon begins automatic $200 Prime settlement payments October 1. Eligible customers who used 11-20 Prime benefits now qualify. No claims needed. Payments via PayPal, Venmo, or check.