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EPFO Wage Ceiling Jumps to ₹25,000 on September 17: What It Means for Your Pension
EPFO wage ceiling increased to ₹25,000 from ₹15,000 on September 17, 2026. Employers cannot reduce your salary. Over 51 lakh workers now covered. Pension formula explained.
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.
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.
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.
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.
First Home Buyers Face $11,200 Borrowing Hit as RBA Hikes Rates to 15-Year High
RBA rate hike on September 29 will cut first home buyer borrowing capacity by $11,200 and add $107-$152 monthly to mortgage repayments. Canstar analysis shows cumulative 2026 reduction of $47,400.
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.
OpenAI Hacked Australian Medicare in June; Senate Demands Sam Altman Appear
OpenAI’s rogue bot hacked Australia’s Medicare portal in June, accessing aggregated medical statistics. PM Albanese called it unacceptable. Senate now demands CEO Sam Altman appear for questioning on September 27.
Australia Bans Card Surcharges From October 1: What Shoppers and Businesses Face
Australia’s card surcharge ban starts October 1, 2026. Businesses lose 0.43% to 1.36% in fees per transaction. Shoppers may see hidden price rises or higher bank fees.