🗞️ The Ashes

Day 1 is here and Australia's working productivity is about to decrease.

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Together with


Good morning.


If your sports-mad colleague has blocked out their calendar from 1 until 5 today, we can assure you it's not to catch up on their mandatory work training.


England is in town for the start of The Ashes, and it's got cricket fans eagerly anticipating Ball 1 at 1:20 p.m. today.


Expect five matches, plenty of on-field drama, and many frayed relationships to come.


All the headlines and more below...

AUSTRALIAN NEWS

Rising workplace stress as AI use increases

  • Australian stress-related absences increased from 42% to 57% within a year as heightened workloads and corporate restructuring took a toll on staff. LINK 

  • The RBA has admitted it underestimated Australia’s housing market rebound while interest rate cuts and a federal homebuyer scheme have driven 10 consecutive months of price growth. LINK 

  • Victoria and WA experienced the steepest reductions in per-person economic output in FY25 while the ACT led national growth due to strong public sector activity. LINK

  • APRA has warned that home lending and super funds’ links to banks could amplify losses during crises, as it reviewed outcomes of recent stress testing involving asset selloffs. LINK 

  • Australia’s $4.3T superannuation sector has delivered a 7.8% annual return despite volatility and concern about an AI-driven tech rally bubble. LINK 

  • Only 1 of 89 Australian renewable energy projects has gained final approval since 2023 as urgent reform discussions intensify due to mounting delays. LINK 

COMPANY NEWS

Officeworks called out over price detail as ACCC puts retailers on notice: 'Scummy'

  • Officeworks has been called out for raising the price of a monitor before Black Friday while facing an ACCC complaint over misleading consumer pricing. LINK

  • Commonwealth Bank has announced a $10B profit for FY25, exceeding market expectations despite challenging economic conditions. LINK

  • Nvidia reported a record US$57B quarterly revenue as data centres generated a dominant $51.2B and its networking division contributed $8.3B. LINK

  • Myer is revamping its loyalty scheme by partnering with JD Sports to attract younger shoppers whilst growing on 4.7M active members. LINK 

  • Meta will deactivate the Instagram, Threads and Facebook accounts of Australian users under 16 starting 4 December 2025 due to new legislation, warning errors in age checks can be resolved with a video selfie or ID. LINK

  • Qantas launched a 'Frequent Flyer Extra' for Jetstar passengers at up to $264 per year as it allows points and status credit earning on cheaper fares to attract budget travellers from rival Virgin Australia. LINK

  • A2 Milk upgraded its FY26 revenue outlook to low double-digit growth as it cited strong infant formula performance, favourable exchange rates and gains in other product segments. LINK

CHART OF THE DAY

Workers’ rights around the world

ONE MORE SCROLL

Editor’s Pick: A solid gold toilet is up for auction with a $10 million starting price.

Draft Pick: World No. 2 Jannik Sinner beat World No. 1 Carlos Alcaraz in the Nitto ATP Finals capping of stellar 2025 season.

Odd Pick: Ferry firm apologises as porn screened to passengers.

TOGETHER WITH

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TRIVIA


We finish the week with an estimation question.


How far does the average human walk in a lifetime?


Answer below

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ANSWER

By our estimation, a human would walk roughly 177,000 kilometres in a lifetime. Give yourself 100 points if you got that number or 10 points if you got between 150,000 and 200,000.


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