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- šļø An expensive sock
šļø An expensive sock
Appleās latest innovation isnāt a new chip, camera or feature, itās a US$230 sock for your phone.
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Good morning. Appleās latest innovation isnāt a new chip, camera or feature, itās a US$230 sock for your phone.
The world laughed when Apple released a phone with three camera lens that resembled a kitchen stove, we strongly recommend rocking this latest innovation the next time you go for a run.
All the headlines and more below...
AUSTRALIAN NEWS
Trumpās trade war creates boom for Aussie farmers

Australiaās beef exports to China surged 67% year-on-year to $952M as US-China trade tensions limited US meat shipments, boosting local producers. LINK
Several schools in Canberra were closed suddenly as officials found asbestos in children's coloured sand used for play. LINK
New Australian streaming quotas require platforms to invest in local content whilst boosting brand-funded TV shows and hybrid format innovation. LINK
Virtual reality remains unpopular in 2025 as high costs and user fatigue undermine investment optimism, effectively rendering the tech obsolete for now. LINK
COMPANY NEWS
ANZ's 'good news' culture masking problems, bank review finds

An independent review by McKinsey found ANZ had a risk-averse culture that discouraged confronting problems, echoing royal commission issues. LINK
Westpac has repaid over $50M plus interest to 47,000 staff for more than 10 years of wage underpayments after regulator investigation. LINK
Bondi Sands has recalled sunscreens amid concerns about SPF accuracy, despite not using the same formula linked to earlier warnings. LINK
Hostplus will now give bonus retirement payments instantly, improving retirement outcomes based on historical fund performance. LINK
Virgin Australia reaffirmed its 4% first-half growth outlook despite forecasting slower 2% second-half capacity growth due to climbing transformation costs. LINK
Coles will be the first Australian supermarket to stock Marks & Spencer food items as UK brand presence expands locally. LINK
Over 250,000 Qantas Frequent Flyer members have used points on live events via Ticketek as concerts remain highly popular. LINK
CBA has begun closing the accounts of tobacconists without explanation, alarming legitimate retailers during a financial crime crackdown. LINK
Xiaomi has launched in Australia with a budget-friendly range of devices while offering smartwatches and home tech that mimic premium competitors. LINK
Westpac has extended its rural branch closure freeze to 2030, sending staff to visit country towns fortnightly following public pressure. LINK
Amazon has rebranded Project Kuiper as Amazon Leo while launching satellite broadband for 300,000 Australians to replace the NBNās Sky Muster at speeds up to 400Mbps. LINK
Life360 shifts its focus to pet GPS trackers as CEO Lauren Antonoff lost her dog, targeting $1.5B in annual revenue through new markets. LINK
CBA warned that a productivity slowdown will limit Australiaās long-term prosperity as AI and green investments offer little short-term relief. LINK
Virgin Australia confirmed it will reinvest all profits from its $2.3B public re-listing into strengthening its balance sheet or future growth. LINK
CHART OF THE DAY

ONE MORE SCROLL
Editorās Pick: 600 Paramount employees quit instead of returning to office full time.
Draft Pick: Zac Lomax is facing a 10-year ban with Parramatta confirming on Sunday the NSW State of Origin star has left the NRL.
Odd Pick: A solid gold toilet is up for auction with a $10 million starting price.
TOGETHER WITH

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TRIVIA

We start the week off with 5 general knowledge questions for you to ace. Good luck!
In which country would you find Mount Kilimanjaro, the highest mountain in Africa?
How many elements are currently on the periodic table?
Which planet is the hottest in our solar system, even though it's not the closest to the sun?
What is a group of crows commonly called?
What is the largest organ in the human body?
Answers below

