🗞️ Feeling blue

If you're a NSW Blues supporter, we hope you've stopped shaking your head at the first half of the State of Origin last night.

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Good morning. If you're a NSW Blues supporter, we hope you've stopped shaking your head at the first half of the State of Origin last night.


If you missed it, Queensland took a 20 to nil lead into half time, which was good enough to help them to a 24 to 6 win.


That gives Queensland a third Origin series win in four years and bragging rights for another year for the Sunshine State.


All the headlines and more below...

AUSTRALIAN NEWS

Mental health claims push insurers to the limit

  • Mental health now accounts for nearly 50% of life insurance claims as young Australians increasingly report severe psychological conditions. LINK

  • Australia’s tertiary education regulator has warned that AI is contaminating research through inaccurate results, privacy breaches and security risks. LINK

  • Australia's real-time payment system processed $1.99T in 2024, showing 23% yearly growth whilst facing challenges replacing legacy systems. LINK

  • Mortgage brokers now handle 76.8% of all new home loans in Australia as settlements approach $400B this year. LINK

  • Australia's big 4 banks have influenced RBA rate cut expectations by 10% as hedge funds take contrary positions. LINK

  • Job seekers are now encountering AI interviewers for recruitment whilst companies embrace automation technologies. LINK

GLOBAL NEWS

Former UK PM Rishi Sunak joins Goldman Sachs as senior adviser

  • Former British Prime Minister Rishi Sunak has joined Goldman Sachs as a senior adviser. LINK

  • Trump secured 2 out of 90 planned trade deals before extending his "Liberation Day" tariff deadline. LINK

  • Copper prices reached new highs as Trump announced a 50% import tariff affecting global metal markets. LINK

COMPANY NEWS

Apple eyes US Formula 1 broadcast rights

  • Apple is bidding for US Formula 1 broadcast rights against ESPN following its racing film's US$293M success in 10 days. LINK

  • Affinity Education will install surveillance cameras across 250 childcare centres whilst allowing parents to select staff for nappy changes following recent abuse concerns. LINK

  • G8 Education will implement CCTV across all centres following sexual abuse allegations. LINK

  • Shein has confidentially filed for a Hong Kong IPO while seeking approval for a London listing. LINK

  • Telstra will cut 550 jobs as part of ongoing structural changes following 1,900 layoffs last year. LINK

  • Aldi launched a grocery delivery trial with DoorDash while keeping special buys and liquor in-store only. LINK

  • Google will invest US$75B in data centres while prioritising AI technical infrastructure development. LINK

  • Bega Group will close its Peanut Company of Australia operations at Kingaroy and Tolga in QLD over the next 18 months, affecting 150 employees whilst losing $5-10M annually despite investments since its 2017 acquisition. LINK

  • Regal Funds Management's new Global Small Companies fund delivered a 40% return whilst outperforming the Russell 2000 index's 8% gain in its first 3 months. LINK

  • JD.com acquired its first Australian logistics hub in Brisbane for $250M as part of its global warehouse expansion. LINK

  • xAI has added safeguards to its Grok chatbot to block hate speech and antisemitic content. LINK

  • Volkswagen's global electric vehicle sales increased by 14.3% in the first half of FY25. LINK

CHART OF THE DAY

Most people don't avoid fast fashion

ONE MORE SCROLL

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Draft Pick: Christian Horner sacked by Red Bull in bombshell mid-season move.

Odd Pick: Boeing uses potatoes instead of people to test Wi-Fi.

TOGETHER WITH

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TRIVIA


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ANSWER

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