🗞️ Day 1

If you're under 16 and reading our newsletter, it's probably because you weren't allowed to access cool stuff for the first time.

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Good morning. If you're under 16 and reading our newsletter, it's probably because you weren't allowed to access cool stuff for the first time.


Today is Day 1 of the new social media ban for minors. The big question is whether it will be effective or just turn teens into expert VPN users.


Either way, most of us adults could probably benefit from a digital detox.


All the headlines and more below...

AUSTRALIAN NEWS

RBA keeps cash rates on hold at 3.6%

  • The RBA held interest rates at 3.6%, warning of possible hikes in 2026 as inflation and consumer spending remain elevated. LINK 

  • Only 12% of Australian properties are affordable to first-home buyers earning $180,000 as home prices outstrip wage growth. LINK

  • Australia’s seafood biosecurity is under question as new proposals would allow offshore testing for prawn diseases, risking a reduction in safety standards. LINK

  • Private investors have spent nearly $50M in Sydney on fast-food, childcare and medical sites as they search for economic resilience. LINK 

  • Australia’s defence sector is progressing with the government having invested $1B in 6 Ghost Bat drones, marking the nation’s first locally built military aircraft in 50 years. LINK 

  • A Senate inquiry revealed Telstra mishandled a fatal triple-0 call due to outdated phones with the Communications Minister refusing to testify amid scrutiny over taxpayer-funded travel. LINK

COMPANY NEWS

UTS Vice Chancellor faces leadership crisis

  • University of Technology Sydney staff voted 95% no confidence in the Vice-Chancellor as job and subject cuts triggered a leadership crisis. LINK 

  • MooGoo discarded over 1.5 tonnes of a sunscreen product after suspecting faulty ingredients, as concerns grow about Australian SPF testing reliability. LINK 

  • Twitter has received the first-ever fine under the EU Digital Services Act for misleading verification and lacking ad transparency. LINK

  • Law firms earned $48M in a BHP class action settlement, over triple their original promises raising concerns over fees in group claims. LINK

  • A TPG Telecom customer died after a failed emergency call due to a 4G compatibility issue as criticism mounts over delayed government and industry disclosure. LINK 

  • Qantas will cut corporate staff as it faces rising operating costs, aiming to stay competitive without raising airfares. LINK

  • Samsara Eco unveiled an enzymatic recycling process as it targets over 1M tonnes of annual plastic waste caused by durable polymers in electric vehicle production. LINK

  • Rio Tinto cut its decarbonisation budget to $1B from $7.5B by 2030 as it maintained its carbon goals despite pushback from environmental groups. LINK

  • Reddit plans a High Court challenge against Australia’s social media age rules, claiming they violate teens’ implied rights to political communication. LINK

  • IBM will acquire the AI data-streaming firm Confluent for US$11B as it enhances enterprise AI offerings with the deal expected to complete by mid-2026. LINK

ONE MORE SCROLL

Editor’s Pick: Need a new job? These are the top 10 skills Australian employers are looking for.

Draft Pick: Australia clinches victory against England in lopsided 8 wicket victory, pushing the series lead to 2-0 in the Ashes.

Odd Pick: Raccoon gets drunk as a skunk in a booze store - and sleeps off hangover in the toilet.

The Future of Shopping? AI + Actual Humans.

AI has changed how consumers shop, but people still drive decisions. Levanta’s research shows affiliate and creator content continues to influence conversions, plus it now shapes the product recommendations AI delivers. Affiliate marketing isn’t being replaced by AI, it’s being amplified.

TRIVIA


Today we give you 5 general knowledge questions for you to ace. Good luck!

  1. Which country has the most time zones?

  2. What is the primary spirit used in a traditional Mojito cocktail?

  3. Who is widely credited with inventing the telephone?

  4. Which country’s flag is the only one in the world that is not a rectangle or a square?

  5. Before Google, which search engine was the most popular in the late 1990s?


Answers below

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ANSWERS

1. France (due to its numerous overseas territories).
2. White rum
3. Alexander Graham Bell (though there is some historical debate, he is the most widely credited).
4. Nepal
5. Yahoo!


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