🗞️ Jackson 3

Good morning. Congrats, you made it to Friday! Hopefully you had a better week than some of our recap stories below:

• Elon Musk lost more respect posting, "No one is even trying to assassinate Biden/Kamala".

• We lost another Jackson 5 member, Tito Jackson, making it the Jackson 3.

• P Diddy lost his right to bail and will remain in jail following sex trafficking and racketeering charges.

• And we lost a 152-year-old cat (human years, but still).

Have a great weekend.

All the headlines and more below...

AUSTRALIAN NEWS

Beam e-scooters still in Brisbane weeks after council contract cancelled

• Beam e-scooters continue to operate in Brisbane despite its contract cancellation, following Brisbane City Council claiming that Beam underreported its scooter numbers to avoid paying fees. LINK

• Australia's labour market added 47,500 jobs in August, significantly higher than economists’ expectations, keeping the unemployment rate steady at 4.2%. LINK

• Parents receiving government-paid parental leave will also receive superannuation contributions, starting in July 2025. LINK

• People are spending more on their pets than ever before, with many now splurging more on pet care than on childcare. LINK

• Manual cars are making a comeback as drivers seek more engagement and escape from digital fatigue. LINK

• Authorities are conducting a search around QLD’s Whitsundays following 7 recent crocodile sightings. LINK

• High airfares have prevented many Cowboys fans from travelling to Sydney for the NRL semi-final against Cronulla. LINK

• A report has highlighted the mental toll on young Australians, linking the cost-of-living crisis to increased financial stress among those aged 15 to 19. LINK

• WA has loosened its domestic gas restrictions until 2030 to encourage developers to bolster supplies. LINK

• New legislation is set to expand powers for regulators like ASIC and the RBA over the ASX, aiming to enhance the response to crises and market outages. LINK

• Australian REITs are showing signs of recovery from high interest rates and office market fears. LINK

GLOBAL NEWS

US Federal Reserve cuts interest rates for the first time in 4 years

• The US Federal Reserve has cut interest rates by 0.5%, moving into a new phase of its inflation battle following an aggressive 2-year campaign to curb borrowing costs. LINK

• Australia has signed its first free trade agreement with the UAE, aimed at boosting vegetable and red meat exports. LINK

• London’s luxury mansion market is struggling, with demand for homes priced above £10M down 22% in the past year due to higher taxes and regulatory uncertainty. LINK

• A UN advisory body on AI has proposed 7 recommendations for addressing risks and governance gaps in AI, to be discussed at a UN summit in September. LINK

COMPANY NEWS

Total Tools hit with a data leak, affecting 38,000

• Total Tools, owned by Metcash, has suffered a data breach affecting 38,000 customers, with compromised information including credit card data and login details. LINK

• ING plans to cut off clients that lag on climate commitments, diverging from US banks, as the company pushes large companies to reduce their carbon footprints or lose access to financing. LINK

• Woolworths is facing investor pressure to divest Big W and its New Zealand division to focus on its core supermarket business, which is losing ground to Coles. LINK

• Apple has introduced a new pink-coloured iPhone 16 as part of its latest range, tapping into the recent popularity of the colour following the Barbie movie's cultural resurgence. LINK

• Harvey Norman faces a second class action over its extended warranties, with another law firm alleging the retailer’s warranties provide no additional protections under consumer law. LINK

• Bega has leveraged the booming demand for healthier, high-protein yoghurts, adding $700M to its market capitalisation in the last 9 months. LINK

• Meta Platforms won a lawsuit over Apple's privacy changes and claims about Sheryl Sandberg, as a judge dismissed shareholders' accusations of fraud related to advertising revenue impacts. LINK

• Alibaba has launched new open-source AI models and text-to-video technology. LINK

• Waymo, a subsidiary of Alphabet, is in talks with Hyundai Motor to use the Ioniq 5 for its 6th-generation self-driving technology. LINK

• Nintendo and The Pokémon Company have sued Palworld producer Pocketpair for patent infringement, alleging the game infringes on Pokémon's intellectual property. LINK

• Google urged a London tribunal to dismiss a $9.3B lawsuit accusing it of abusing its dominance in the online search market, as it faces multiple antitrust challenges globally. LINK

• BHP's planned nickel plant stoppages in Australia have delayed the launch of 2 new trading platforms aimed at challenging the London Metal Exchange. LINK

ONE MORE SCROLL

Odd Pick: Man arrested for creating fake bands with AI, then making US$10 million by listening to their songs with bots.

Editor’s Pick: Londoners will soon see drones ferrying blood between hospitals.

Draft Pick: Sydney's Moore Park will be flying tonight with the Swans v Port Adelaide and the Sharks vs Cowboys finals matches within 100 metres of each other.

CHART OF THE DAY

Singapore’s Stablecoin Payments Touch Record High

TOGETHER WITH

Looking for a collab? Shoot us an email here.

TRIVIA

Pepperoni Pizza Day

It's national pepperoni pizza day today which gives us the perfect opportunity for some pizza trivia. 5 out of 5 feels like a good reason to have pizza for lunch (actually any score will do to warrant that).

1. In which country was pizza first created?

2. Which city is famous for its deep-dish style of pizza?

3. What type of pizza is typically folded in half when eaten?

4. What is the name of the oven traditionally used to cook Neapolitan pizzas?

5. Which pizza variety is traditionally topped with anchovies, capers and olives?

Answers below

OUR SOCIALS

ANSWERS

1. Italy
2. Chicago
3. Calzone
4. Wood-fired oven
5. Pizza Napoletana

Was this email forwarded to you? Sign up here