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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.

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.

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.

Russell Wins Azerbaijan GP, Cuts Antonelli’s Title Lead to 66 Points
George Russell wins the Azerbaijan Grand Prix, his third victory of 2026, cutting Kimi Antonelli’s F1 title lead to 66 points. Verstappen finished second, 0.196 seconds behind.

Wadephul Meets Lawrow in New York: Germany Breaks Diplomatic Silence on Ukraine
German Foreign Minister Wadephul meets Russian counterpart Lawrow in New York for first ministerial talks since 2022 Ukraine invasion. Germany demands end to hybrid attacks and escalation.

Japanese Bodybuilder Yokokawa Finishes 7th at Mr. Olympia 2026
Japanese bodybuilder Naotaka Yokokawa finished 7th in his Mr. Olympia debut in the 212-pound class on September 26, 2026, in Las Vegas. Keone Pearson won his 4th consecutive title.

Shai Bolton Wins Norm Smith Medal in Losing Grand Final, September 26
Shai Bolton wins 2026 Norm Smith Medal in Fremantle’s heartbreaking seven-point loss to Brisbane Lions in AFL Grand Final. Only fifth player ever to win best on ground in a losing team.

Australian Diesel Hits $2.86 per Litre as Truckers and Travellers Face Soaring Costs
Australian diesel prices hit $2.86 per litre, forcing truckers to call for fuel excise relief and stranding travellers. Prices could exceed $3 as oil demand surges.

Starbucks Closes 250 Stores as Niccol’s Turnaround Gains Traction
Starbucks closes 250 stores across North America this week as part of CEO Brian Niccol’s turnaround. The closures represent 1% of its 18,000-store footprint and will cost $300 million in restructuring charges.