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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.
Billionaire Portelli Flees Australia for Dubai Over Tax Crackdown
Billionaire Adrian Portelli moves to Dubai, citing Australia’s harsh tax settings and regulatory burden. He warns the country is chasing away success and driving out entrepreneurs.
Canada Beats France 2-0 in Davis Cup Qualifier on September 18
Canada defeats France 2-0 in Davis Cup qualifier. Auger-Aliassime and Draxl secure victories in Quebec City, putting Canada one win away from the Davis Cup Final 8 in November.
Singapore Airlines Wins World’s Best Airline Award for Sixth Time
Singapore Airlines named world’s best airline at 2026 Skytrax Awards, winning for the sixth time. SIA also won best economy class and best airline in Asia categories.
Pentagon Weighs 25,000-Troop Pullout From Europe, September 18
Pentagon considers withdrawing 25,000 to 40,000 U.S. troops from Europe as Trump pushes NATO allies to spend more on defense. Final decision expected November 6.
Fed Raises Rates to 3.75%-4% for First Time Since 2023; Trump Demands 1%
The Federal Reserve raised interest rates to 3.75%-4% on September 16, 2026, the first hike since July 2023. Fed Chair Kevin Warsh cited elevated inflation and a strong economy. President Trump demanded rates be cut to 1% or lower.
BoM warns super El Niño may not mean extreme summer for Australia
Australia’s Bureau of Meteorology warns that the strongest El Niño on record may not bring extreme summer conditions. Sea surface temperatures could exceed 3°C above average, but rainfall impacts will vary across regions.
EU Offers Canada First-Ever ‘Associate Member’ Status Amid US Trade Tensions
EU offers Canada unprecedented ‘associate member’ status as trade war with US intensifies. Von der Leyen and PM Carney announce closer ties on energy, AI, defence and critical minerals.
UPI Ends Free Era: 0.4% Fee on Merchant Payments Above ₹2,000 From October 15
NPCI introduces 0.4% MDR on UPI merchant payments above ₹2,000 from October 15, 2026. P2P transfers and transactions under ₹2,000 remain free. Small merchants earning up to ₹1 lakh monthly pay zero fees.