šŸ—žļø An expensive sock

Apple’s latest innovation isn’t a new chip, camera or feature, it’s a US$230 sock for your phone.

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Good morning. Apple’s latest innovation isn’t a new chip, camera or feature, it’s 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

Trump’s trade war creates boom for Aussie farmers

  • Australia’s 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 NBN’s 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 Australia’s 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

Editor’s 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


Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!


We’ve got you covered with Corporate Cuddles and Puppy Yoga šŸ¶

TRIVIA


We start the week off with 5 general knowledge questions for you to ace. Good luck!

  1. In which country would you find Mount Kilimanjaro, the highest mountain in Africa?

  2. How many elements are currently on the periodic table?

  3. Which planet is the hottest in our solar system, even though it's not the closest to the sun?

  4. What is a group of crows commonly called?

  5. What is the largest organ in the human body?


Answers below

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ANSWERS

1. Tanzania
2. 118
3. Venus
4. A murder
5. The skin


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