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Stars arrive in ‘Gild of Glamour’ for the annual MET Gala

Published

3 years ago

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New York’s Met Gala is back with a debut of extravagant gowns, glitz and glamour.

The annual celebration of fashion and art had the theme ‘gilded glamour’ welcomed stars, young creatives, and industry paragons. 

Hosted by Vogue at New York’s Metropolitan Museum of Art, the event is a fundraiser and celebrates the Met’s newest exhibit “In America: An Anthology of Fashion,” which opens on May 5.

This is the Costume Institute’s first two-part exhibition on the theme of American fashion, following last year’s part one; “In America: A Lexicon of Fashion.”

Actor, singer and playwright; Lin-Manuel Miranda, actors Blake Lively, Ryan Reynolds and Regina King will host the evening alongside co-chairs Anna Wintour, Tom Ford, and Instagram’s Adam Mosseri.

Guests have been encouraged to approach the Gilded Glamour, White Tie dress code by looking at late 19th-century clothing through a modern lens.

Blake Lively stunned the red-carpeted stairs with her dress transforming to resemble the statue of liberty.

Some other looks for the evening include Kendall Jenner in a black Prada gown and bleached eyebrows.

Newlyweds Brooklyn and Nicola Peltz-Beckham.

Hoyeon Jung’s in a Louis Vuitton mini dress with glamour inspired by oil paintings from the late 1800s.

Lily James in a glittery skintight dress.

Jared Leto and Allesandro Michele in matching Gucci outfits.

Kim Kardashian in the dress Marilyn Monroe wore when she sang “Happy Birthday” to US President, John F. Kennedy.

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Elon Musk, who took his mother Maye Musk to the Gala.

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Olivia Rodrigo in a draped-sequin dress with butterflies in her hair.

Lizzo even performed a debut on her flute on the iconic steps.

While many stars were dressed by expensive designers, viewers at home are questioning how in tune the looks are with the year’s theme.

Others have called the theme out of touch as it pays homage to the period of rapid prosperity, industrialization and growth in the US from 1870 to 1890, especially with the worsening inflation that many Americans are dealing with.

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Amanda Gunn contributed to this report

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Dollar steady as markets await Fed’s rate decision

Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

Published

11 hours ago

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September 15, 2025

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Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

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In Short:
– The U.S. dollar stayed stable as investors await the Federal Reserve’s interest rate cut announcement.
– Asian equities rose, with the MSCI Asia Pacific Index hitting a record high amid U.S. market gains.
The U.S. dollar remained stable on Monday as investors await the Federal Reserve’s upcoming policy meeting, where the central bank is expected to announce its first interest rate cut in nine months.
Trading volumes were low due to a holiday in Japan, causing currencies to remain rangebound.Banner

Market participants have largely priced in a 25 basis point reduction in the federal funds rate, anticipated to bring the key rate to between 4.00%-4.25%.

This marks the first easing action since December 2024.

Recent economic data indicates a cooling labour market, with jobless claims rising to the highest levels since 2021, overshadowing inflation concerns.

Market Movements

Asian equities experienced gains, continuing a global rally, with the MSCI Asia Pacific Index reaching a record high.

Chinese shares rose close to 1% despite disappointing factory and retail sales data.

This momentum follows historical closes in U.S. markets, with the Dow Jones Industrial Average surpassing 46,000.


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ANZ to pay $160 million for bond deal violations

ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny

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12 hours ago

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September 15, 2025

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ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny

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In Short:
– ANZ Group will pay A$240 million in penalties for multiple violations, including fees to deceased customers.
– The bank plans to implement A$150 million in reforms and has announced 3,500 job cuts.
Australia’s ANZ Group will pay A$240 million in penalties, the largest ever imposed by the Australian Securities and Investments Commission (ASIC) against a single entity.
The penalties arise from multiple violations, including acting “unconscionably” during a government bond deal and continuing to charge fees to deceased customers.
The development comes alongside ANZ’s announcement of 3,500 job cuts as new CEO Nuno Matos seeks to enhance profitability.Banner

ANZ has admitted to the allegations and acknowledged the need for significant operational changes.

The bank’s trading practices during an A$14 billion government bond issuance negatively impacted bond prices, which led to a substantial loss for the government.

ANZ plans to submit a remediation strategy to the Australian Prudential Regulation Authority by the end of the month.

Company Changes

ANZ has stated it will spend A$150 million on reforms by the end of the financial year.

The Finance Sector Union is expected to file a claim regarding the recent job cuts made by the bank.


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Climate report warns of rising heat deaths and property losses

Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

Published

18 hours ago

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September 15, 2025

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Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

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In Short:
– Climate change could cause hundreds of deaths and $500 billion decline in property values in Australia.
– Increased extreme weather events may lead to rising insurance costs and potential uninsurability of homes.
A government report warns that climate change could lead to significant challenges for Australia, with hundreds of deaths expected from heat-related illnesses.
Property values may decline by up to $500 billion as homes risk becoming uninsurable due to extreme weather events.
The assessment by the Albanese Government forecasts increased frequency of floods, cyclones, and bushfires.The report anticipates over a thousand potential heat-related fatalities in Sydney and Melbourne if action is not taken.

The projected increase in heat-related deaths in Australia’s capital cities, as outlined in the report. Picture: Climate Risk Assessment

Rising sea levels and extreme weather are expected to escalate insurance costs, making coverage unaffordable or unavailable.

Climate Change and Energy Minister Chris Bowen acknowledged that many Australians will find these projections distressing, but they underscore the urgency of addressing climate change.

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Changes in total annual freight costs by Local Government Area in a 2090 scenario, compared to 2024. Picture: Australia’s National Climate Risk Assessment

Property Risks

Projected increases in heat-related deaths are particularly concerning. For instance, at a 1.5-degree rise in temperatures, heat-related mortality in Sydney could increase by 103%, reaching about 450 deaths annually at a 3-degree rise.

Coastal flooding days are expected to increase significantly in major urban areas, necessitating critical intervention.


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