🗞️ Golden handcuffs

What if you had all the money in the world?

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Good morning. What if you had all the money in the world?


It turns out it wouldn't be that useful.


Here is a 3-minute video to explain. We'll settle for a pay rise then.


All the headlines and more below...

AUSTRALIAN NEWS

Seafood prices may be on the rise

  • Australian seafood prices are set to rise as the government plans to close 30% of ocean territory from commercial fishing. LINK

  • ASIC will review superannuation trustee boards’ handling of death benefits, warning of potential legal consequences. LINK

GLOBAL NEWS

Gen Z is changing work talk with emojis

  • A study reveals 61% of Gen Z workers prefer emoji-filled messages, and 88% find them beneficial for work communication. LINK

  • US core inflation has declined to 2.8% from 3.4%, due to lower fuel costs. LINK

  • Elon Musk has expressed regret over his criticism of President Trump following White House outreach. LINK

COMPANY NEWS

Monash IVF chief executive resigns after company’s second embryo transplant bungle

  • Monash IVF chief executive Michael Knaap resigns amidst a reputational crisis at the company after a second embryo implantation error. LINK

  • A Victorian resident has launched a class action against GrainCorp Oilseeds over health-impacting noise and odour emissions. LINK

  • Air New Zealand is adding 34,000 seats to North America and upgrading Dreamliners to compete with Qantas in premium travel. LINK

  • Qantas Frequent Flyer points will decrease in value by up to 20% from August 5 as the program aligns with inflation trends. LINK

  • The ASX has warned of an 8-11% rise in FY26 expenses due to technology investments and legal costs. LINK

  • Virgin Australia has resumed international flights to Doha through a wet lease agreement with Qatar Airways. LINK

  • Disney and Universal have sued Midjourney for copyright infringement over unauthorised use of iconic characters. LINK

  • ACCC has cleared Allianz's $642M acquisition of RAA Insurance, arguing that the deal will not reduce competition in SA's insurance market. LINK

  • Cochlear has unveiled an upgradeable implant system whilst revising its FY25 profit guidance to between $390M and $400M. LINK

  • JERA, a Japanese energy company, has secured new US LNG supply deals totalling 5.5M tons annually, reducing reliance on Australian gas. LINK

  • NEXTDC has committed $2B to a new AI-focused data centre and R&D hub in Melbourne. LINK

  • Uber has filed a federal lawsuit against a Florida law firm for orchestrating staged crashes to defraud the company through false injury claims. LINK

CHART OF THE DAY

The most common reasons not to have children are financial

ONE MORE SCROLL

Editor’s Pick: 6 habits your gut is begging you to break, according to gut doctors.

Draft Pick: Jarome Luai will replace Mitch Moses as NSW’s five-eighth in the second State of Origin match, as Moses recovers from a calf strain.

Odd Pick: British Airways flight attendant dances naked in business class after consuming drugs.

TOGETHER WITH

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TRUE OR FALSE


We go True or False for your Friday. Even if you don't know any of them, you have a 3% chance of getting them all correct, which gives you a great reason to have a crack.

  1. Microwaves travel by line of sight.

  2. K2 is named K2 because it is the second-highest mountain in the world.

  3. The Y in YMCA stands for Youth.

  4. Catgut is generally made from the intestines of cats.

  5. Vitamin B Complex is a collection of 8 nutrients.

Answers below

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ANSWERS

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


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