🗞️ Eyes on the prize

Brisbane wins the Australian city of the weekend after the Brisbane Lions upset Geelong to win the AFL Grand and the Brisbane Broncos upset the Panthers to reach the NRL Grand Final.

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Good morning. Brisbane wins the Australian city of the weekend after the Brisbane Lions upset Geelong to win the AFL Grand and the Brisbane Broncos upset the Panthers to reach the NRL Grand Final.


The sporting eyes will be on the NRL Grand Final next weekend to see if Brisbane can finish the year with the State of Origin, the AFL and the NRL mens titles.


All the headlines and more below...

AUSTRALIAN NEWS

Imported potatoes threaten Tasmanian growers, as companies look for cost savings overseas

  • Tasmanian potato farmers are earning just 11 cents per kilogram whilst fast-food chains sell fries made from those potatoes for $5. LINK

  • Brisbane property prices are forecast to rise at least 70% by the 2032 Olympics whilst following trends in past host cities like Sydney and London. LINK

  • Australian wool prices have risen to their highest level since June 2022 as strong demand from China for uniforms and activewear drive the longest run of price rises since 1987. LINK

  • Australian workers are being urged to stay in their jobs as vacancies fall sharply and up to 800 people compete for a single role. LINK 

  • Around 38% of Australian workers are at medium or high risk of AI disruption whilst algorithmic bias raises hiring concerns. LINK

  • Around 20.5% of Sydney homes in 2024 were sold off-market, bypassing real estate platforms and reducing their ad revenue. LINK

  • Australia’s home battery market is booming as over 55,000 applications have been submitted since July under a $2.3B subsidy to support clean energy storage. LINK

  • Gen X faces uncertain retirement as 1 in 4 have no savings account whilst the average household holds just $40,000. LINK

  • Australia’s illicit tobacco trade has surged as high taxes fuel organised crime and undermine public health goal. LINK

  • Jindabyne, NSW sees a tenfold population spike each winter while ski tourism boosts the local economy. LINK

GLOBAL NEWS

US economy notches fastest growth pace in nearly two years

  • The US economy grew 3.8% in Q2 2025 at its fastest annualised pace in 2 years as revised consumer spending increased. LINK

  • Donald Trump's plan to impose a 100% tariff on pharmaceutical imports threatens Australia's US$2.06B US exports. LINK

  • Donald Trump announced new tariffs on imported kitchen cabinets and furniture citing national security. LINK 

  • Massive global AI infrastructure investment is powering economic growth while weak job markets persist. LINK

COMPANY NEWS

HSBC pioneers quantum computing in trading with 34% boost in bond predictions

  • HSBC has achieved 34% better bond trade predictions using IBM’s quantum tech, highlighting efficiencies in financial markets. LINK

  • OpenAI has launched ChatGPT Pulse to provide paid users with daily personalised update cards based on previous chats and Google accounts. LINK

  • KPMG aims to have 40% of its partners be women by 2025 as it improves from 31% in 2021 to address gender diversity in leadership. LINK

  • Westpac is facing legal action for allegedly supporting a $250M Ponzi scheme. LINK

  • Amazon will pay US$3.8B in fines and reimbursements after being found to have deceptively promoted Prime subscriptions in a US investigation. LINK

  • AAMI has expanded its safe driving app nationally and is offering driver rewards based on telematics data involving speed, braking and phone use. LINK

  • United Petroleum has taken legal action against Perth Airport whilst alleging it leased an airport fuel station based on inaccurate Qantas traffic forecasts. LINK

  • Domino’s failed to land a key China franchise deal as the CEO prioritised watching football over preparing for a critical high-stakes meeting. LINK

  • ANZ missed out on over $100M in annual fees after a $14B trading error led it to be excluded from government bond transactions. LINK

  • Premier Investments launched an internal probe into gambling and misconduct during work hours as it investigates actions of former Smiggle executives. LINK

  • ByteDance will keep ownership of TikTok US whilst surrendering data and algorithm control to a joint venture under scrutiny for US regulatory compliance. LINK

  • Anthropic plans to triple its global workforce and grow AI operations outside the US as demand for Claude AI models accelerates. LINK 

  • Fortescue offered measles booster vaccines at its WA Christmas Creek mine after 3 cases were confirmed during an outbreak linked to travel from Bali. LINK 

  • News Corp Australia is set to reduce its Melbourne office space by up to 38% as it works to cut costs amid declining media income. LINK

CHART OF THE DAY

ONE MORE SCROLL

Editor’s Pick: A Great Barrier Reef tourism operator was fined $60,000 after pleading guilty to not acting when a snorkeller went missing.

Draft Pick: Max Verstappen wins on GT3 debut at the Nordschleife in a Ferrari with Chris Lulham.

Odd Pick: UK doctor left in the middle of surgery to have sex with nurse.

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