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🗞️ Dirty laundry
If you want to feel a bit better about your workplace, we recommend checking out a poll our friends at The Aussie Corporate conducted this week.
Pick & Scroll News
July 23, 2025
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Good morning. If you want to feel a bit better about your workplace, we recommend checking out a poll our friends at The Aussie Corporate conducted last week.
The Aussie Corporate asked readers, 'What's the most toxic thing your company has done recently?'
From questionable redundancies to 'resilience training' after major layoffs, there are unfortunately plenty of submissions that hopefully don't involve your workplace.
All the headlines and more below...
AUSTRALIAN NEWS
‘Remains tight’: Why the RBA held cash rates in July
The RBA held interest rates in July due to a tight labour market with 4.1% unemployment, with markets forecasting a reduction in August. LINK
Age-related hiring biases are preventing older Australian job seekers from finding employment despite critical skills shortages. LINK
The federal government has allocated $14M to South Australia for combating a toxic algal bloom affecting marine life and regional industries. LINK
Clean energy capacity in Australia's National Electricity Market has doubled to 4.4GW whilst stalled wind projects threaten the 82% renewables target by 2030. LINK
Australian regional airports have recorded a 6% rise in international seat capacity as flights increase to New Zealand and Bali. LINK
CBA has issued warnings about a rewards points text scam as Australians lose $119M to phishing in FY25. LINK
GLOBAL NEWS
UK and OpenAI sign a new strategic partnership
COMPANY NEWS
The year’s best-performing ETF is not what you think
Betashares' GAME ETF emerged as Australia's top-performing fund with a 78% surge over 12 months. LINK
A cyberattack on Microsoft SharePoint has impacted approximately 100 organisations through a zero-day vulnerability. LINK
JPMorgan is planning to offer cryptocurrency-backed loans by FY26. LINK
Canva paused regular operations to provide 25,000 hours of AI training to its 5,000 employees while aiming to enhance company-wide tech capabilities. LINK
Google and OpenAI's AI models have achieved gold-medal performance by solving 5 out of 6 problems at the International Mathematical Olympiad. LINK
WiseTech Global is implementing job cuts across product development and customer service as it increases AI utilisation. LINK
Insignia Financial has agreed to a $3.3B takeover by US-based CC Capital at $4.80 per share. LINK
Netflix is utilising AI video tools from Runway for content production as the technology remains contentious in Hollywood. LINK
X has rejected French authorities and their claims of algorithm manipulation, while calling the investigation politically motivated. LINK
BlackRock has instructed employees to avoid company devices during China trips due to cybersecurity concerns. LINK
Trump Media & Technology Group has invested US$2B in Bitcoin as part of its strategic crypto expansion. LINK
Virgin Australia is reviewing its lithium-ion battery policy after a portable power pack caused a mid-air fire on a Sydney-Hobart flight. LINK
A QantasLink flight completed a safe priority landing in Mildura after experiencing technical issues post-takeoff. LINK
ONE MORE SCROLL
Editor’s Pick: Denzel Washington at 70: his 20 greatest films – ranked.
Draft Pick: Cricket games are being played under extreme caution or danger.
Odd Pick: Golf tournament cancels opening day due to a bear on the course.
TOGETHER WITH
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We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
BRAINTEASER
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