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Warren Buffett Steps Down as Berkshire Chairman; Son Howard Takes Over
Warren Buffett steps down as Berkshire Hathaway chairman after 56 years. His son Howard takes over. Buffett, 96, cites age and CEO Greg Abel’s success.
Senate Democrat Blocks Data Center Bill, Halting Consumer Protection Measure
Senate Democrat Martin Heinrich blocked the Ratepayer Protection Act on September 17, saying the bill’s voluntary standards lack enforcement teeth. The House passed it 417-3 the day before.
ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
ATO prosecutions for tax evasion surge 80% with $2.7 million in fines. Over 350 individuals and businesses convicted in shadow economy crackdown targeting non-lodgers and cash-in-hand workers.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.
Australian Home Values Drop $34B in June Quarter as Rate Rises Bite
Australian home values fell $34.1 billion in June 2026, the first quarterly decline since 2022. National property now worth $12.7 trillion as interest rates and tax changes bite.
Diddy’s Prison Release Date Moved Up to February 5, 2028
Sean ‘Diddy’ Combs’ release date moved up to February 5, 2028 from June 2028. The convicted mogul is serving 50 months at Fort Dix federal prison in New Jersey.
Frasers Property to Redevelop Yishun 10 into 110-Unit Complex by Mid-2031
Frasers Property to redevelop Yishun 10 cinema into 110 residential units and retail podium by mid-2031. Multiplex closes March 2, 2027. First Yishun Central residential launch in over a decade.
NCLT Approves Subhash Chandra Settlement: ₹22,006 Crore Debt Cut to ₹6.5 Crore
NCLT approves Subhash Chandra’s settlement plan: ₹22,006 crore debt reduced to ₹6.5 crore with 99.97% haircut. HDFC Bank considers appeal as Congress criticizes ruling.
Over 65% of Australians Aged 75+ Digitally Excluded as Services Go Online
Over 65% of Australians aged 75+ are digitally excluded as essential services move online. Families fill the gap while experts call for non-digital access options and digital literacy support.