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🗞️ Petabit power
Japan has broken the internet speed record with an incredible 1.02 petabits per second.
Pick & Scroll News
July 14, 2025
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Good morning. Japan has broken the internet speed record with an incredible 1.02 petabits per second.
What does that mean? It's 3.5 million times your average internet which allows you to download every show on Netflix in under a second.
We hope your home wifi serves you well today, or at least gives you a perfect excuse to pause when you don't know the answer to a question you just got asked on Teams call.
All the headlines and more below...
AUSTRALIAN NEWS
Home values on track to be 8 times the average Australian’s income
The wealth gap between homeowners and renters will hit record levels as property prices may rise 13% by FY26. LINK
The Marinus Link undersea cable project between Tasmania and Victoria has received approval, cutting household power bills by $113 whilst reducing emissions by $1B. LINK
Wealthy Australians are restructuring their SMSFs by transferring wealth to children early to avoid Labor's new Div 296 super tax on balances over $3M. LINK
Sydney's premium office rents have increased by 9.1% as demand drives development of landmark buildings. LINK
Australia's national auction clearance rate has maintained strength above 70% for 5 weeks despite steady interest rates. LINK
Australian freight costs from Asia have risen whilst global prices decline due to US-China tariff tensions. LINK
Sydney and Melbourne cafes are subletting after-hours spaces to pop-up restaurants as operational costs rise. LINK
GLOBAL NEWS
Trump intensifies trade war with threat of 30% tariffs on EU, Mexico
COMPANY NEWS
Personal information of McDonald’s job applicants exposed online
McDonald's AI recruitment chatbot has exposed job applicants' personal data globally. LINK
Country Road is closing several stores amid falling sales across key Sydney locations. LINK
Deloitte workers are shifting career expectations from traditional partnership goals to workplace balance and purpose. LINK
UniSuper has delivered a 10.3% annual return on its balanced portfolio. LINK
Ferrari is transforming into a luxury fashion brand through its exclusivity and design approach. LINK
The Ferrero Group will acquire Kelloggs for US$3.1B amidst declining cereal demand. LINK
Recruit Holdings will reduce 1,300 positions at Indeed and Glassdoor whilst pivoting toward AI job-matching technology. LINK
SpaceX is investing $2B in xAI as the company merges with X at a US$113B valuation. LINK
Tesla has not applied for driverless permits in California despite plans to expand robotaxi operations. LINK
Ventia has secured an expanded NBN fibre contract worth $1.08B across 5 states and the ACT. LINK
CSL is reducing research and development spending as acquisition performance and US tariff threats impact earnings. LINK
ONE MORE SCROLL
Editor’s Pick: A ranking of the top 50 albums of all time according to the most known sources of ratings.
Draft Pick: Trump administration sues California over transgender athletes in school sports.
Odd Pick: The anti-doomscroll phone that wants to mix it up with Apple.
TOGETHER WITH
Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!
We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
TRIVIA
Which four letter word can go before "work", "side" and "guard" to make three other words?
Answer below
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