🗞️ Awkward turtle

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Good morning. If awkward moments make you cringe, you might want to skip this video.


During a meeting, President Trump complimented the Liberian President’s English despite English being Liberia’s official language. Trump was so impressed with his English, he then asked where he was educated, which was of course, Liberia.


Not quite as bad as President Biden calling Volodymyr Zelenskyy, President Putin, but still a tough watch.


All the headlines and more below...

AUSTRALIAN NEWS

The RBA takes major step towards centralised crypto

  • The RBA has launched Project Acacia to test 19 digital currency use cases across blockchain platforms, while working with ASIC, APRA and Treasury. LINK

  • Gen Z workers are taking 14.3 sick days annually compared to Baby Boomers' 8.9 days, while advocating for preventative health leave. LINK

  • The ACCC has approved a 5-year information sharing agreement among financial institutions through the Australian Sustainable Finance Institute. LINK

  • Public servants are avoiding workers' compensation systems due to stigma and systemic flaws. LINK

  • Financial planning in Australia has reached another low point with 2 separate but connected cases that have resulted in $1B in savings being frozen or disappearing. LINK

  • The CFMEU has dismissed over 12 officials nationwide following a scathing report on systemic abuse. LINK

GLOBAL NEWS

Trump sets 50% US tariffs on copper, Brazilian imports starting in August

  • President Trump imposed 50% tariffs on copper imports and Brazilian goods effective August 1. LINK

  • The European Commission will implement its AI Code of Practice, focusing on transparency, copyright and safety from August 2. LINK

  • Bitcoin reached US$112,000 as institutional demand drove an 18% growth since January. LINK

  • Ukraine will become Europe's first country to offer Starlink mobile services through Kyivstar. LINK

COMPANY NEWS

Uniqlo owner plans price hikes amid significant tariff impact

  • Fast Retailing will raise Uniqlo clothing prices as US tariff increases impact operations. LINK

  • Nvidia has become the first publicly traded company valued at $4 trillion. LINK

  • Tesla is introducing its Grok AI chatbot to vehicles next week whilst facing criticism over antisemitic responses. LINK

  • OpenAI is developing an AI-powered web browser to challenge Google Chrome by integrating ChatGPT features. LINK

  • McDonald's AI hiring assistant exposed personal data of job applicants due to weak security credentials. LINK

  • Samsung has unveiled health-focused features, including an antioxidant index, in its newest smartwatches. LINK

  • TikTok is developing a US-specific version with separate algorithms and data storage. LINK

CHART OF THE DAY

Which countries have received Trump's tariff letters?

ONE MORE SCROLL

Editor’s Pick: China’s first Legoland opens to visitors in Shanghai with 85 million lego bricks.

Draft Pick: Number 1 Women’s Wimbledon seed knocked out in heated semi-final.

Odd Pick: The wild story of how gut health AI toilet startup Throne raised $4M led by Moxxie.

TOGETHER WITH

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TRIVIA


There are five countries in the world with one-syllable names. Can you identify them all?


Answers below

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ANSWERS

1. Spain
2. Chad
3. Laos
4. Greece
5. France


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