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If you're looking for a Guinness in Melbourne today, you might be out of luck.

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Good morning. If you're looking for a Guinness in Melbourne today, you might be out of luck.


British & Irish Lions fans swept through the city over the weekend, contributing to a fantastic atmosphere at the MCG on Saturday night.


Unfortunately for Wallabies fans, a last minute try to the Lions caused heartbreak as the Lions now have an unassailable 2-0 lead.


The third and final game is in Sydney this weekend which will wrap up an entertaining tour. Although, not having to hear that 'Lions' chant for another 4 years is a bonus.


All the headlines and more below...

AUSTRALIAN NEWS

Productivity boost could make workers $14K better off

  • Full-time workers could earn $14,000 more annually by 2035 through improved productivity measures. LINK

  • Treasurer Jim Chalmers has excluded GST reform from upcoming economic discussions despite efficiency arguments. LINK

  • Australian superannuation funds achieved 10.5% returns in FY25 as currency depreciation boosted international share gains to 18.6%. LINK

  • The ATO confirms most tax penalty waiver requests are approved while refuting claims of increased strictness. LINK

  • Employment scams are targeting jobseekers through unsolicited messages after online resume submissions. LINK

  • The federal government is planning to ban non-compete, no-poach and wage-fixing clauses by 2027 to boost productivity by 4%. LINK 

  • The Australian streaming market has shifted as 28% of households now subscribe to ad-supported platforms, up from 10% in FY24. LINK

GLOBAL NEWS

Google threatens to sue if YouTube is included in Australia's kids social media ban

  • Google has threatened legal action if Australia includes YouTube under proposed age-based social media restrictions. LINK

  • China proposed establishing a global AI cooperation organisation to promote shared development and regulation whilst positioning itself as an alternative to the US. LINK

  • The UK government has introduced rules requiring developers to soundproof homes near music venues to protect nightlife. LINK

  • Australia's civil and military air traffic systems will merge by 2027 to enhance defence capabilities. LINK 

COMPANY NEWS

Allianz Life says majority of customers’ data stolen in breach

  • Allianz Life Insurance has reported a major data breach affecting its 1.4 million customers' sensitive information due to a third-party system compromise. LINK

  • TikTok has expanded its Australian workforce by 40% to 777 employees with plans for further growth. LINK

  • Intel will reduce its workforce by 20% as CEO Lip Bu Tan implements a revitalisation strategy. LINK

  • Cortexa has produced 10,000 MDMA capsules in Melbourne for PTSD treatment following regulatory changes. LINK AFR

  • General Pants Co. faces a winding-up application from UCC Australia over alleged unpaid debts of nearly $70,000 for cameras and film supplied between October and December last year. LINK

  • Bunnings is entering Australia's home solar market whilst following IKEA's trend to capitalise on renewable energy demand. LINK

  • A University of Melbourne graduate missed saving thousands by paying his $35,000 student loan before the new 20% HECS-HELP reduction legislation. LINK

  • Tesla will launch a human-driven chauffeur service in San Francisco while awaiting autonomous robotaxi approvals. LINK

  • Apple has commissioned a report opposing Australian competition laws that would mandate third-party app stores. LINK

  • NAB has completed an enforceable undertaking with AUSTRAC by improving its anti-money laundering procedures whilst independent auditors confirm compliance. LINK

  • Alibaba and JD.com continue instant-delivery price competition despite regulatory warnings. LINK

  • Tesla outperformed BYD and Huawei in Chinese government-backed highway driving assistance tests. LINK

  • Mercedes-Benz will integrate Microsoft Teams with video streaming, Intune security, and Copilot AI tools in its new CLA to enhance in‑car productivity. LINK

CHART OF THE DAY

Which countries like to swim?

ONE MORE SCROLL

Editor’s Pick: Ted Lasso Season 4 is underway as Jason Sudeikis, Hannah Waddingham, Juno Temple and Jeremy Swift reunite in first photo.

Draft Pick: Australia posts three-wicket victory over West Indies in fourth T20 international. 

Odd Pick: Anthony Albanese will table a proposal on to stop beer taxes from rising to help with the cost of living.

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BRAINTEASER


A bag contains 13 green balls and 13 yellow balls. I blindly take 2 balls out of the bag. If both the balls I take out are the same colour, I add an extra green ball into the bag. If both the balls I take out are different colours, I add an extra yellow ball into the bag. I repeat this process until just one ball remains in the bag. What is the colour of the last ball in the bag?


Answer below

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ANSWER

The last ball in the bag will be yellow.


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