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Swiss GDP Growth Forecast Jumps to 1.7% for 2026 on Pharma Surge
Switzerland raises 2026 GDP forecast to 1.7% from 0.9% after Q2 growth hits 1.5%, strongest since 2021. Pharma drives half the gains, but inflation expected to rise.
France Pushes EU to Use €4.6B Google Fines to Cut Budget Contributions
France proposes using €4.6 billion in Google fines to lower EU member state budget contributions. EU governments are negotiating the 2028-2034 budget amid fiscal pressure.
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.
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.
FDA Recalls 13,567 Bottles of Chlorthalidone After Dissolution Test Failure
FDA classifies chlorthalidone recall as Class II after 13,567 bottles fail dissolution testing. Inventia Healthcare’s second recall in three months raises quality concerns for blood pressure patients.
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.
PS5 Pro Japan Pre-Orders Open September 28 at ¥137,980
Sony Japan launches PS5 Pro pre-orders at ¥137,980 on September 28. Buyers must have 60+ hours of PS4/PS5 gameplay in the past two years. Lottery system if demand exceeds stock.