🗞️ Just do it

Good morning. Nike just updated its “Just do it” tag line with a Gen Z twist.

Nike launched “Why do it?” to 'resonate with young athletes’ tendency to question tradition and seek authenticity and purpose'.

It might make sense in the sporting world, however it might not be best to ask the workforce, Why do it? on a Monday morning when summer is starting to peak through.

All the headlines and more below...

AUSTRALIAN NEWS

Australian government expands Parental Leave Pay to 24 weeks

• The Australian government has expanded Parental Leave Pay to 24 weeks with superannuation benefits and flexibility options. LINK

• Australians are shifting away from traditional retirement plans towards flexible work and life experiences as workplace values evolve. LINK 

• The ATO is examining GST exemptions for toddler milk formula as 33% of Australian toddlers currently consume these products. LINK 

• NDIS autism participation is 6 times higher in less affluent Sydney areas. LINK 

• Tests have discovered traces of banned pesticides in Australian blueberries. LINK

GLOBAL NEWS

Australia is having the last laugh on Trump’s trade beef

• US beef prices have risen 10% year-on-year despite Trump's inflation claims. LINK

• The US has not appointed an ambassador to Australia after 8 months of President Trump's second term. LINK 

• World leaders Putin, Modi and Kim Jong-un gathered in China for summits. LINK

COMPANY NEWS

Giorgio Armani’s death leaves brand future uncertain

• The future of Giorgio Armani's €2.3B fashion empire remains uncertain following his death at 91. LINK

• Seek has accused Employment Hero of misusing candidate data to build a rival database. LINK

• Apple will launch its iPhone 17 lineup, smartwatches and other products on 9 September to compete with Samsung and Huawei. LINK

• Woolworths is restructuring Big W and Petstock operations with leadership changes and IT platform separation to improve performance. LINK

• UBank customers threaten exodus after new rules require $1 monthly balance growth for bonus interest rates. LINK

• Nestlé has replaced its CEO amid investor pressure to improve operations as debt rises. LINK

• Levi's has reported strong consumer demand despite increased prices, as affluent shoppers maintain spending. LINK

• TikTok has grown to 200 million monthly European users from 175 million last year. LINK

• Lifestyle Communities lodged an appeal against a tribunal ruling that voided deferred management fees in residential contracts. LINK

• Apple has achieved record US$9B sales in India through aggressive retail expansion. LINK

• Fletcher Building has cut executive bonuses for FY25 whilst recording a $419M annual loss. LINK 

• Hard Rated alcoholic beverages have generated $500M in annual sales, representing nearly one-third of its market segment. LINK 

• Microsoft Azure services are experiencing increased latency due to Red Sea undersea cable cuts whilst data is rerouted through alternatives. LINK

• Lululemon is reviving sales by signing athletes Lewis Hamilton and Frances Tiafoe to expand beyond yoga wear. LINK 

CHART OF THE DAY

Where 'De Minimis' exemptions apply

ONE MORE SCROLL

Editor’s Pick: Jennifer Aniston and Courteney Cox go on double date night.

Draft Pick: Max Verstappen takes pole at Monza with the fastest lap in Formula 1 history.

Odd Pick: Air Canada returned her missing suitcase, but it came back with a knife, toiletries and ticket scanner inside.

TOGETHER WITH

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TRIVIA

Adam Sandler turns 59 today so we celebrate his birthday with some Adam Sandler trivia. You have to identify which movies below he was in and which ones he wasn't:

1. Happy Gilmore

2. Grown Ups 2

3. Murder Mystery

4. Shrek (voice only)

5. You Don't Mess With The Zohan

6. Little Nicky

7. The Longest Yard

8. The Ridiculous 6

Answers below

OUR SOCIALS

ANSWERS

1. Happy Gilmore - Yes
2. Grown Ups 2 - Yes
3. Murder Mystery - No
4. Shrek (voice only) - No
5. You Don’t Mess With The Zohan - No
6. Little Nicky - Yes
7. The Longest Yard - Yes
8. The Ridiculous 6 - No

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