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🗞️ Monkey business
If you haven't been to Bali, you might not have witnessed the not-so-cute Monkeys in action.
Pick & Scroll News
August 08, 2025
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Good morning. If you haven't been to Bali, you might not have witnessed the not-so-cute Monkeys in action.
The Monkeys are now so sophisticated that the Wall Street Journal has labelled them a criminal enterprise.
The Monkeys steal your possessions and then pass them back to locals in exchange for mangoes. iPhone for a mango, you're definitely doing that trade.
All the headlines and more below...
AUSTRALIAN NEWS
Men still out-earn women in 98% of occupations
A national survey reveals that men out-earn women in 98% of occupations due to persistent gender segregation. LINK
Prime Minister Anthony Albanese has deferred major tax reform proposals until after the next election. LINK
Australia's marriage numbers have increased by 2% to 120,800 in 2024 while long-term trends show declining formal unions. LINK
The Australian government will ease compliance requirements for small banks to boost competition in the financial sector. LINK
The Labor government has rejected new tax proposals including a GST increase and negative gearing cuts ahead of the August economic reform summit. LINK
NSW labour laws will allow unions to inspect employer AI usage to prevent unreasonable surveillance. LINK
Office vacancy rates have reached a 30-year high as the national rate increased from 14.7% to 15.2% in the 6 months to June. LINK
Australia's prime office market is experiencing tighter conditions as leasing demand increases, whilst new developments slow between FY26 and FY30. LINK
GLOBAL NEWS
Trump says US will levy 100% tariff on some chip imports
The US President has announced 100% tariffs on semiconductor imports whilst exempting companies investing in US production. LINK
COMPANY NEWS
PwC Australia can bid for federal government work once more
PwC Australia can now bid for federal work after demonstrating improved ethical practices following the FY23 tax leak scandal. LINK
UNSW launched Barker Street Ventures to connect wealthy alumni with university spinouts in deep tech sectors. LINK
NAB has reduced fixed mortgage rates by 0.25% for one and two-year terms ahead of the anticipated RBA interest rate cut next week, whilst the sharemarket indicates a 51% chance of a 0.5 point reduction from the current 3.85%. LINK
ASX Limited revealed $35M in potential costs from an ASIC inquiry after mistakenly linking TPG Telecom to a $400M deal intended for TPG Capital. LINK
Mastercard has warned that banning card payment surcharges could cost Australian shoppers $1.5B annually. LINK
The DigitalX Bitcoin ETF has achieved a 95.5% return over 1 year, leading ETF gains despite cryptocurrency volatility. LINK
OpenAI is exploring a secondary share sale that could value the company at US$500B. LINK
Google has committed US$1B over 3 years to provide AI tools and education to US universities. LINK
The CSIRO could face hundreds of job cuts this year as unions warn of major downsizing. LINK
Data centre land prices in VIC and NSW are surging as Microsoft and Amazon drive demand that will double Australia's centres by 2030. LINK
TPG Capital has launched a $651M takeover bid for Australian software company Infomedia. LINK
Domain will suspend ASX trading as its $3B acquisition by CoStar receives Supreme Court approval. LINK
Forrest Personnel will close after 40 years as new federal contracts make operations unsustainable. LINK
XL Express has entered liquidation with $42M in debt, resulting in 200 job losses after 35 years of operation. LINK
The ASX's administrative error has renewed calls for structural reform as super funds consider acquiring Cboe Australia to improve governance. LINK
Alinta Energy and National Renewables Network launched a Virtual Power Plant offering free solar systems with projected 22% power bill savings. LINK
Apple has pledged an additional US$100B investment in the US, taking its total to US$600B to increase domestic manufacturing. LINK
Airtree Ventures has secured $650M for early and growth-stage tech investments from major global institutions. LINK
Lorikeet has doubled its valuation to $200M through a $54M funding round backed by Canva founders. LINK
v2food has acquired Daring Foods and partnered with Ajinomoto to expand globally with innovative plant-based offerings. LINK
ONE MORE SCROLL
Editor’s Pick: The No. 1 fruit with the most protein, according to a dietitian.
Draft Pick: Son Heung-min joins LAFC in record MLS Deal after Emotional Spurs farewell.
Odd Pick: Prisoner’s escape in cellmate’s laundry bag fuels overcrowding debate in France.
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TRIVIA
Here is a 50% question from the 1% club. You have 30 seconds to determine the below:
What comes next in this sequence?
J, F, M, A, M, J, ___
Answer below
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ANSWER
J
Reason: First letters of the months - January, February, March, April, May, June, July
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