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Anthony Loke Resigns as Malaysia Transport Minister, Effective When Najib Begins House Arrest
Malaysia’s transport minister Anthony Loke resigns in protest of Najib’s conditional pardon, but will stay in role until the former PM begins house arrest on an unspecified date.
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.
Mahmood Signals U-Turn on Indefinite Leave Reforms as Labour Revolts
Shabana Mahmood signals willingness to rethink indefinite leave reforms after Labour backlash. Home Secretary to meet union leaders as care workers protest 15-year wait timeline.
ABC Legend Margaret Throsby, 84, Recovering After E-Bike Hit on Shared Path
Former ABC broadcaster Margaret Throsby, 84, is recovering in hospital after being hit by an electric fat bike on a shared path in Illawarra. She suffered a broken hip and head injuries requiring surgery.
Paramount-Warner Bros. $111B Merger Clears Final Legal Hurdle on September 29
Paramount Skydance settles $111 billion Warner Bros. merger antitrust case with 12 states. Judge must still approve the deal. Paramount faces film distribution and spending commitments.
Singapore Haze Hits New Peak: Central PSI Reaches 164 on September 29
Singapore’s air quality worsened on September 29 as all five regions entered unhealthy range. Central PSI hit 164, highest of the season, from transboundary smoke haze.
US 10-Year Treasury Yield Hits 5.18% on September 24, Highest Since 2007
US 10-year Treasury yield hits 5.18% on September 24, highest since 2007. Real rates drive 96% of the 45 basis point surge. Bond prices fall as borrowing costs rise.
Bank Strike Deferred After IBA-UFBU Talks; Five-Day Week Demand Pending
Bank unions in India deferred a three-day strike scheduled for September 28-30 after talks with the IBA. A joint committee will examine the five-day work week demand and PLI scheme changes.
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.