Business news — September 1, 2026

7 publications

1. BusinessUnited Kingdom

   Sep 1, 2026, 10:40 UTC

   UK Intelligence Services Accused of Racism in Internship Selection

   Shadow home secretary Chris Philp has criticized Britain's intelligence services, MI5 and GCHQ, for excluding white British applicants from their summer 2027 internship program. Philp argues that this policy is 'flagrant racism' and discriminates against working-class white boys who are among the most disadvantaged. The move has sparked controversy, with some surprised that such practices are happening in higher education.

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2. BusinessMarketsEquities

   Sep 1, 2026, 09:46 UTC

   Stock Market Index Reaches New High

   The stock market index ended today's trading session with a gain of 31,000 units, reaching a new historical high of 6.547 million units. This is the highest level ever recorded for the index. The total stock market index grew by 31,000 units today, with the total index (equal weighted) decreasing by 6,000 units. The value of transactions was 53,654,200,000 Rials.

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3. BusinessTax

   Sep 1, 2026, 09:00 UTC

   

   Bathla Developer's Financial Crisis

   Administrators of Bathla, a major Sydney developer, have expressed dire financial circumstances, struggling to complete projects and facing liquidation within 24 hours due to a funding push deadline.

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4. BusinessBudgetEarningsStock Market

   Sep 1, 2026, 08:32 UTC

   

   Wegovy Tablets Now Available in German Pharmacies

   German pharmacies begin selling Wegovy in tablet form on Tuesday, with patients covering the cost unless healthcare policies change.

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5. BusinessResignation

   Sep 1, 2026, 06:05 UTC

   

   Tim Cook Steps Down as Apple CEO; John Ternus Takes Over

   After 15 years at the helm, Tim Cook has stepped down as Apple's CEO. He will be succeeded by John Ternus, the company's current Senior Vice President of Hardware Engineering. Cook, who took over from Steve Jobs in 2011, leaves behind a legacy that includes transforming Apple into a trillion-dollar company and expanding its product range to include AirPods, Apple Watch, and Mac computers with Apple's own Silicon chipset. Ternus, who joined Apple in 1997, will face challenges such as accelerating Apple's bet on artificial intelligence and navigating commercial tensions.

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6. BusinessBudget

   Sep 1, 2026, 03:35 UTC

   Next Year's Budget Proposal Exceeds 820 Trillion Won

   South Korea's next year's budget proposal has been announced at 820.9 trillion won, marking the highest ever. This represents an increase of 12.8% from this year's budget. The proposal includes a 104 billion won reserve fund and establishes a 162 trillion won Future Response Fund.

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7. BusinessBudget

   Sep 1, 2026, 00:26 UTC

   Japanese Government Bond Yields Increase

   Yields on Japanese Government Bonds (JGBs) rose across various maturities. The 5-year JGB yield increased by 1.5 basis points to 2.200%, the 30-year JGB yield climbed 1.5 basis points to 4.135%, and the 10-year JGB yield rose by 1 basis point to 2.935%. Notably, the 10-year JGB yield reached its highest level since September 1996, climbing 1.5 basis points to 2.955%.

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