🗞️ Grim

Good morning. In case you missed it yesterday, the US entered into the Israel-Iran war by bombing multiple sites in Iran. Here are a few key points you need to know:

• America bombed Iranian nuclear facilities following Israel’s strikes on Iran nine days ago.

• Donald Trump says the US attacks by 125 US military aircraft were successful, ‘obliterating’ the Iran targets.

• Within hours of the US bombing, Iran launched a fresh barrage of missiles which hit parts of Tel Aviv and Haifa.

Everyone is waiting to see how much Iran retaliates with the UK, France and Germany leaders calling on Iran to avoid taking any action that could further destabilise the Middle East.

All the headlines and more below...

AUSTRALIAN NEWS

More fake applicants are trying to trick HR, thanks to the rise of deepfakes

• Cybersecurity experts predict 25% of job applicants could be fake by FY28 due to AI deepfake tools. LINK

• Young Australians aged 18 to 34 are reducing spending on essentials whilst maintaining higher entertainment expenses. LINK

• Australian cloud software professionals are commanding salaries above $150,000 as digital infrastructure demand grows. LINK

• Australian businesses are adapting their digital marketing strategies as AI advancements threaten traditional Google search dominance. LINK

• Chief transformation officers report technology budgets have increased 2.5 times since FY22 across industries. LINK

• Australia's auction clearance rate has reached 73.9%, the highest in a year, due to lower borrowing costs. LINK

• Australian farmland values have grown 256% over 20 years, outperforming residential and commercial property. LINK

• The Productivity Commission reports Australia could have achieved a 3-day workweek through better allocation of productivity gains since 1980. LINK

• The Victorian government will increase its payroll tax-free threshold to $1M on July 1, benefitting 28,000 businesses. LINK

GLOBAL NEWS

Trump signs third extension delaying TikTok US ban

• Trump has signed an executive order granting ByteDance a third 90-day extension to sell TikTok's US operations, delaying enforcement of a nationwide ban despite criticism from lawmakers. LINK

COMPANY NEWS

Nine unveils management shake-up in TV

• Nine Entertainment is integrating Stan streaming service with its TV and digital platforms as part of an executive restructure. LINK

• Accenture reported declining new bookings while planning an AI-focused reorganisation amid economic uncertainty. LINK

• Meta has partnered with Oakley to launch a US$499 AI-powered smart glasses line. LINK

• Tourism Australia has delayed its recovery to FY26 due to slow international arrivals and increased overseas travel by Australians. LINK

• Shareholders are suing Apple for allegedly misleading investors about AI integration timelines for Siri. LINK

• PwC Australia reported a 17% profit slump to $619M in its first-ever audited financial results as the firm continues to feel the impact of its tax leaks scandal while its 628 partners earned an average of $767,000. LINK

• The BBC has threatened legal action against Perplexity, accusing the AI startup of training its default AI model using BBC content. LINK

• Sonos has released a software update for its $499 Ace headphones, whilst reporting a 3% revenue rise after a leadership change. LINK

• Google has terminated its multimillion-dollar publishing deals with 24 small publishers 2 years early, affecting Australian public interest journalism. LINK

CHART OF THE DAY

Where the world is losing tree cover fastest

ONE MORE SCROLL

Editor’s Pick: Are you shampooing your hair correctly?

Draft Pick: It’s game 7 in the NBA finals today with OKC hosting the Pacers.

Odd Pick: Florida lawmakers warn anyone trying to manipulate weather faces a felony.

TOGETHER WITH

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BRAINTEASER

Today’s puzzle appeared in the UK version of the 1% club. It’s the 1% question, meaning just 1% of the population was able to solve it within the 30-second time limit.

Which commonly used word can go in front of these words to make three new words?

SING BAG RING

Answer below

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ANSWER

Tea

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