Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
ADNOC Gas Targets Up to $4B Profit in 2026 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
National Australia Bank (NAB) is proposing to eliminate approximately 170 jobs across Australia as part of a major business restructuring, according to the Finance Sector Union (FSU). The plan would make 447 existing roles redundant while creating 277 new onshore positions — resulting in a net domestic job loss of around 170 nationwide.
Alongside the local cuts, Australia's second-largest bank by market value is also considering the creation of 237 new offshore positions, primarily based in India and Vietnam. The FSU, which represents bank workers throughout the country, confirmed these offshore roles would largely replace skilled positions previously held by Australian workers.
NAB defended the restructuring as a step toward building a "modern workforce," emphasizing its continued commitment to hiring and developing staff in Australia — particularly in customer-facing roles. The bank described its proposed offshore teams as extensions of its Australian operations, designed to deliver more consistent customer outcomes. NAB, however, declined to confirm the specific number of positions affected.
FSU national president Wendy Streets criticized the overhaul, arguing it effectively shifts ongoing, skilled work to lower-cost overseas markets. She did, however, acknowledge that some improvements to redeployment pathways had been offered to affected employees.
According to NAB's latest annual report, the bank employs more than 38,000 people globally, with approximately 76.6% of its permanent workforce — roughly 29,000 employees — based in Australia.
The announcement adds to a growing wave of job reductions sweeping Australia's banking sector. ANZ revealed plans in September to cut around 3,500 jobs and 1,000 contractor roles following a leadership change, while Commonwealth Bank announced 45 redundancies in July as part of a broader shift toward artificial intelligence-driven operations — a move that also drew sharp criticism from the Finance Sector Union.
