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Family Trust Distribution Tax: ATO Chases Old Errors
The ATO is chasing family trust distribution tax over decades-old paperwork errors, with some families facing million-dollar bills. Here is how the 47% tax works, the June 2027 interest relief deadline, and the wider 30% trust tax fight.
Sanjeev Gupta: Creditors Chase His Fortune to Sydney
Creditors owed about $6 billion are now chasing Sanjeev Gupta’s personal fortune in Sydney. Here is what happened at Whyalla, Tahmoor and Liberty Bell Bay, and what comes next.
Binance Hack: $6.3 Billion Hit in Biggest Crypto Heist
The Binance hack hit about $6.3 billion in crypto. We explain how it happened, the North Korea link, frozen funds, and what it means for users.
Sustainable Aviation Fuel: SIA to Buy Waste-Gas Jet Fuel Made in Singapore
Sustainable aviation fuel made from waste gases is coming to Singapore. SIA will buy up to 4,800 tonnes from Aether’s Project Beacon from 2028. Here is what it means for flyers and investors.
UBS Job Cuts Deepen as Q3 Profit Hits $2.7 Billion
UBS job cuts continue: staff fell about 6,800 in a year as Q3 profit hit $2.7B and the Lex UBS capital rules fight heats up.
Zeitumstellung Switzerland: Clocks Go Back 25 October
Switzerland is about to get an extra hour of sleep. In the night from Saturday 24 October to Sunday 25 October 2026, the Zeitumstellung Switzerland switch takes the country from summer time back to standard time, known locally as winter time. At 3am the clocks go back to 2am, and the hour we lost in…
McDonald’s AI Fake Disaster Photo Debunked by Taiwan Police
The McDonald’s AI fake disaster photo that went viral during Typhoon 薔琵 never happened. Taiwan’s Dajia police visited the scene and confirmed the image showing a collapsed McDonald’s sign was generated by artificial intelligence, prompting Taichung Mayor Lu Shiow-yen (盧秀燕) to order a full investigation and fines for whoever created and spread it. What Happened:…
Hong Kong’s 90-Year-Old Kuei Lee Soy Sauce Brewery Closes After Factory Land Resumed
The Kuei Lee soy sauce closure marks the end of one of Hong Kong’s most recognisable heritage food brands. The nearly 90-year-old soy sauce maker has stopped production at its Kwu Tung factory and will close its Wanchai shop once remaining stock sells out, after its land was resumed under the Northern Metropolis development plan….
Chevron Iraq Oil Deal: Inside the West Qurna 2 Takeover
The Chevron Iraq oil deal is moving fast. Chevron has secured one year of exclusive negotiation rights to take over operatorship of Iraq’s West Qurna 2 oil field, one of the country’s richest assets, after US sanctions forced Russian major Lukoil out. The field holds roughly 14 billion barrels of reserves, and Baghdad expects the…