India's markets regulator, the Securities and Exchange Board of India (Sebi), on May 11 proposed a ‘green-channel’ mechanism named GARUDA to speed launches of alternative investment fund (AIF) schemes. Under the consultation proposal, regular AIF schemes could launch 10 working days after filing their placement memorandum (PPM) via a merchant banker unless Sebi raises objections, down from the current 30-day wait. Schemes limited to accredited investors and angel funds could file PPMs directly and launch immediately on filing or registration; merchant banker due-diligence certificates for these would be replaced by undertakings from the AIF manager’s CEO and compliance officer. Sebi said post-facto, risk-based scrutiny would continue and regulatory action remains possible for disclosure lapses. The move builds on an April fast-track framework and responds to rapid AIF growth: registered funds rose to 1,849 as of March 31, 2026, with cumulative commitments and net investments expanding sharply. Sebi has invited public comments on the proposal until June 1, 2026.

Memorial Day on Monday, May 25, 2026, is being observed nationwide in the United States as a federal holiday honoring service members who died in military service. Government offices, banks and the U.S. stock markets (NYSE and Nasdaq) are closed and the U.S. Postal Service will not deliver mail. Delivery providers are operating with modified service and some UPS retail locations and FedEx offices may be closed. Most major retailers and restaurant chains will remain open to serve holiday shoppers and travelers — including Walmart, Target, Trader Joe’s, Kroger, Publix, Home Depot, Lowe’s and many grocery and pharmacy chains — though some stores may run reduced or variable hours. Costco is a notable exception reported closed by multiple outlets. Pharmacies inside grocery and big-box stores may have limited counter hours. The long weekend is expected to drive heavy travel and robust retail activity; consumers are advised to check local store and service hours before heading out.

AGL detonated explosives on May 26, 2026 to bring down the two iconic chimneys of the retired Liddell coal-fired power station near Muswellbrook in New South Wales. Each concrete stack rose about 168–170 metres; the station was retired in April 2023 after roughly 52 years of operation. AGL and contractors carried out a controlled demolition after an 18-month preparation that included site clean-up and recycling of materials. The site already hosts a newly commissioned 500-megawatt, two-hour grid-scale battery and is being repurposed as the Hunter Energy Hub, with proposals including an eight-hour pumped hydro project, solar manufacturing and recycling, and data-hub uses. The demolition marks a physical milestone in the region’s shift away from coal: Liddell produced about 431,000 GWh during its lifetime and its fall follows broader market signals that many eastern seaboard coal plants will close by 2035, with the Australian Energy Market Operator forecasting coal exit by 2040. AGL says the cleared industrial land, road and water access present opportunities for investment and new jobs, even as former workers and local communities register mixed emotions.

Leaked internal documents published 25-26 May 2026 show BHP Group has paused or shelved major decarbonisation projects at its Western Australia Pilbara iron ore operations, raising doubts about its ability to meet a 2050 net-zero target. The files reveal a board‑approved 50MW solar farm and 20MW battery at Jimblebar were halted soon after approval, a near‑500MW wind, solar and battery programme has no capital allocation until at least 2031, and a beneficiation plant that could cut an estimated 1.7 million tonnes of emissions a year was quietly cancelled in June 2025. The records also show BHP has continued to acquire diesel haul trucks and locked diesel use at some sites into the late 2030s, while internal memos link the pace of emissions cuts to Australia’s diesel fuel tax credit. BHP says operational emissions are down 36% since 2020, driven largely by overseas renewables, and that many zero‑emission technologies are not yet ready to scale. Experts, investors and green groups warn the rollback risks Australia’s 2030 targets and could slow wider industrial decarbonisation and technology deployment.

Tim Hortons said on May 25, 2026 it will recruit about 10,000 local workers across Canada and significantly scale back use of the federal Temporary Foreign Worker (TFW) program as it expands its network. The chain — operated by roughly 1,500 Canadian franchise owners and parent Restaurant Brands International — currently employs about 110,000 people nationwide, of whom roughly 4,000 (approximately 3.6% of restaurant roles) are on TFW permits. The company announced plans to open 80 new restaurants this year and renovate about 400 locations, and said owner use of the TFW program has fallen since 2024. Tim Hortons said it will stop lobbying Ottawa for expanded TFW access given rising youth unemployment (around 14% in April) but will continue to use TFWs in communities with documented labour shortages, notably remote and rural areas. The move revives scrutiny over pay, hiring practices and previous lobbying for expanded temporary immigration that emerged during pandemic-era staffing shortages.

India’s markets regulator, the Securities and Exchange Board of India (SEBI), on May 25 published a consultation paper proposing a structured framework to manage option strike prices across equity, currency and commodity segments. The paper would require exchanges to ensure a predictable supply of strikes both above and below prevailing prices, conduct daily reviews to remove strikes far from market levels, and permit intraday introduction of new strikes in the direction of price movement so trading can continue during sharp swings. SEBI highlighted that the two main exchanges, the National Stock Exchange and BSE, currently follow different practices and invited public comments by June 15. The proposals envisage segment-specific rules and formulas based on liquidity and participation, and call for exchange-published frameworks with periodic reviews. SEBI said intraday additions should not necessitate system changes by brokers or market participants during live trading. Market participants say the move could improve liquidity and hedging during volatile sessions but will increase operational and compliance demands on exchanges and broker platforms.