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A new update is coming to Microsoft Teams that will reveal if people are in the office or working from home.

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Good morning. A new update is coming to Microsoft Teams that will reveal if people are in the office or working from home.


The update is ostensibly designed to provide management a view on where employees are located within the office; however, its uses beyond that seem far more likely.


If only they had an instant messaging tool where they could simply ask employees about their whereabouts.


All the headlines and more below...

AUSTRALIAN NEWS

250,000 Aussies to get a windfall after $358M in wage underpayment was recovered

  • Nearly 250,000 Australians will get an average of $1,400 each after the Fair Work Ombudsman recovered $358M from wage underpayment in FY25. LINK 

  • ASIC's new guidance has classified stablecoins, wrapped tokens and digital wallets as financial products whilst requiring licences by June 2026. LINK 

  • Cancer remains the most expensive disease in Australia and has kept its top spot in national health spend since 2017. LINK 

  • Victoria is introducing a new law to ban employers from forcing sexual harassment victims to sign NDAs as part of pro-worker reforms. LINK

  • Australia is missing $19B in unpaid superannuation contributions whilst raising concerns over retiree financial security. LINK

  • Australia is introducing a digital air traffic control tower at Western Sydney Airport in June 2025 whilst planning launches at Canberra and 5 other airports to boost safety and efficiency. LINK

  • More than $3B in taxpayer money has supported Australia’s metals industry as energy-intensive smelters warn of closure without government aid. LINK 

GLOBAL NEWS

Trump and Xi talks could end months of global economic chaos

  • Trump and Xi will meet at the APEC summit for the first time since 2019 as they seek a new US-China deal amid global uncertainty. LINK 

COMPANY NEWS

OpenAI, PayPal partner to launch first payments wallet on ChatGPT

  • OpenAI and PayPal partnered to launch in-app payments on ChatGPT by 2026 as they target 700M global users. LINK

  • Apple exceeded a US$4T market valuation with strong iPhone demand pushing it to become the third firm to reach the milestone after Microsoft and Nvidia. LINK

  • Medibank plans to lift its health earnings to $200M by 2030 by increasing capital spending and completing strategic acquisitions. LINK  

  • Australia Post has accused JLL of underpaying subcontracted cleaners after a culture audit and executive changes at the real estate firm. LINK 

  • Crown Resorts made its first profit in 5 years under Blackstone as cost cuts and asset sales helped repay a $450M fine for money laundering breaches. LINK  

  • ClearVue Technologies has expanded its solar glass pipeline by 54% to over $60M whilst demand for renewable construction solutions surges. LINK 

  • Nick Scali reported an 11.6% Q1 sales order increase across Australia and New Zealand whilst shares jumped following stronger consumer demand. LINK

  • Nvidia is investing US$1B to acquire a 2.9% stake in Nokia as part of a strategic deal to build AI-driven networking technologies including 5G and 6G. LINK

  • Woolworths posted a modest 3.2% sales lift amid deep discounts with the business eyeing stronger Christmas trading performance. LINK  

  • OpenAI finalised a restructuring giving its nonprofit unit control as it valued Microsoft's 27% stake at US$135B. LINK 

  • CBA now lets first-home buyers declare rental income to boost borrowing power by up to $50,000 while supporting housing access. LINK

  • AirTrunk will invest $3B in a new AI data centre in Saudi Arabia as it enters its first market outside Asia Pacific with local partner HUMAIN. LINK

  • Ubank has become the first Australian digital bank to eliminate passwords for mobile and internet banking as it adopted secure passkey technology. LINK

  • Super fund Cbus admitted to breaching corporate law and agreed to a $23.5M fine and $32M compensation as insurance delays impacted members. LINK

CHART OF THE DAY

ONE MORE SCROLL

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Draft Pick: AFL adds 7 new rules for umpires to cut gametime in the 2026 season.

Odd Pick: Egyptian strongman wrestler pulls ship with his teeth.

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