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RBA Lifts Cash Rate to 4.60% on September 29, Highest Since 2011
RBA raises cash rate to 4.60%, highest since 2011, citing elevated inflation from energy prices and AI demand. Mortgage holders face higher repayments; savers may see improved rates.
RBA Hikes Cash Rate to 4.60% on September 29, Highest Since 2011
RBA raises cash rate to 4.60%, the highest in 15 years. Fourth hike of 2026 adds $100 monthly to $700k mortgages. Markets price 60% chance of sixth hike by mid-2027.
Kelvin Wave Could Raise California Sea Levels Up to a Foot This Fall
A Kelvin wave traveling from the Pacific could raise California sea levels by up to a foot as El Niño develops. The wave is expected to reach San Diego in early to mid-October.
Stock Market Slides as Oil Spikes and AI Safety Concerns Mount
Stock markets slide worldwide as oil climbs on US-Iran deadlock and AI safety worries. Brent crude near $108, Treasury yields elevated, emerging markets hit hardest.
Study Links Every 100g of Ultra-Processed Food to Higher Disease Risk
New study of 8.8M people shows every 100g of ultra-processed food raises cardiovascular risk 14% and diabetes risk 24%. Researchers analysed 51 cohort studies spanning 2-32 years.
Trump Rejects Iran’s Seven-Day Hormuz Deal on September 28
Trump rejects Iran’s seven-day plan to reopen Strait of Hormuz, citing US control. The closure disrupts one-fifth of global oil and gas trade, threatening energy security across Asia and beyond.
Trump Rejects Iran’s Seven-Day Strait Deal on September 27
Trump rejects Iran’s seven-day plan to reopen the Strait of Hormuz and lift the US naval blockade. Iran insists only diplomacy can resolve the dispute.
Germany’s Economy Grows 1.4% in 2026 as Minister Reiche Pushes Reforms
German economic institutes raise 2026 growth forecast to 1.4%, doubling spring projections. Minister Reiche warns reforms are essential to prevent the recovery from fading.
Japan’s Aging Homeowners Rethink Downsizing: Maintenance Costs vs. Freedom
Japanese retirees downsize from family homes to apartments and condos, trading yard work and repairs for lower maintenance. Real cases show pension income and lifestyle changes drive the shift.