🗞️ Driverless cars

Driverless cars are off to London.

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Good morning. Driverless cars are off to London.


Waymo has officially cracked Europe with test drives announced for London in the coming months.


Some Brits treat whinging as a professional sport, but with over 100,000 licensed private-hire drivers in London, a bit of whinging and nervousness from that profession is to be expected.


All the headlines and more below...

AUSTRALIAN NEWS

Little-known Centrelink rule to get advanced cash boost as Australia hits 'unacceptable' milestone

  • Centrelink recipients experiencing financial hardship can apply for an interest-free cash advance whilst over 2.8M advances were granted in 12 months, mainly to Family Tax Benefit users. LINK

  • 6.2M Australians are unaware of the performance of their superannuation funds. LINK

  • NSW Police have issued warnings after seizing over $2,600 in counterfeit $50 and $100 notes with small businesses being increasingly targeted across states. LINK

  • Gen Z staff are leading workplace AI adoption, acting as internal experts and disrupting corporate structures with new tech. LINK

  • Artificial intelligence could add $142B annually to the Australian economy by 2030 through applications, data centres and AI exports. LINK

  • Western Australian farmers are harvesting a near-record 25.4M tonne grain crop worth $7.8B as it accounts for 40% of the nation’s winter grain production. LINK

  • 4 in 5 Australian workers believe their employers fail to support healthy habits as this trend contributes to widespread burnout. LINK

  • Australia recorded 1,113 notifiable data breaches in 2024, a 25% year-on-year rise. LINK

  • Australia's construction, healthcare and retail industries face rising financial distress in 2025 as insolvency rates hit a record high in 2024. LINK

  • Melbourne Airport will trial a taxi kiosk system with fixed fares, aiming to stop illegal taxi activity. LINK

COMPANY NEWS

World's biggest websites, apps down

  • AWS technical issue causes global outage across major websites and apps including Reddit, Canva, Duolingo, Snapchat and Zoom. LINK

  • Afterpay experienced a global outage affecting millions of users in multiple countries whilst restoring services in about 2 hours. LINK

  • Zip upgraded its US transaction volume growth forecast to over 40% for the year whilst Q1 earnings jumped 98% and buyback limit lifted to $100M. LINK

  • Bapcor announced a $12M earnings hit due to operational issues as it revealed cost cuts and management changes during a business review. LINK

  • ANZ and other major banks are shifting mortgage strategies while moving away from brokers to regain share through online and in-house lending channels. LINK

  • Mesoblast reported US$20.6M quarterly revenue from Ryoncil as net sales rose 69% while adoption increased from physicians and public health reimbursement. LINK

  • Raiz Invest surpassed $2B in funds under management as thousands of new users joined its micro-investing platform. LINK

  • AustralianSuper plans to invest over $1B in UK housing and student housing projects as it expands global investments. LINK

CHART OF THE DAY

E-waste is a literal gold mine

ONE MORE SCROLL

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Odd Pick: World’s first mushroom-powered toilet could replace portaloos.

TOGETHER WITH


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TRIVIA


True or false?

  1. Fish can get seasick.

  2. When you blush, the lining of your stomach turns red.

  3. The Great Wall of China is visible from space with the naked eye.

  4. Australia is wider than the moon.

  5. Honey is the only food that never spoils.


Answers below

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ANSWERS

1. True
2. True
3. False
4. True
5. True


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