🗞️ Shopaholic

Here's an update targeted at that person who has items turn up at their door that they can't even remember purchasing.

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Good morning. Here's an update targeted at that person who has items turn up at their door that they can't even remember purchasing.


Gmail is adding a new 'purchases' tab so you can keep track of your purchases and shipping estimates.


Gmail will also start flagging timely deals within its Promotions category to help re-energise the graveyard of emails section.


All the headlines and more below...

AUSTRALIAN NEWS

NSW government to roll out capped taxi fares from Sydney Airport

  • Sydney Airport will implement a $60 flat-rate taxi fare cap from November 3, FY25 as part of a 12-month trial to improve fare transparency. LINK

  • Job seekers are struggling with online application systems as unemployment rises to 4.2%. LINK

  • The top 20% of Australian households control nearly two-thirds of national wealth. LINK

  • WA has added Easter Saturday and an additional public holiday to align with other Australian states. LINK

  • Australian workers have gained $28B in wages over the past year, increasing labour's share of national income to 52.1%. LINK 

  • The government will distribute $721M in compensation to Robo-debt scheme victims following misconduct investigations. LINK

  • Australia will invest $12B in a WA AUKUS defence facility despite geopolitical uncertainties ahead of US elections. LINK

  • The government is revising private health insurance premium calculations to include hospital costs and wages. LINK 

  • Australian banks will cut 8,000 jobs in FY25 due to structural inefficiencies rather than AI implementation. LINK

  • Pay raises will stagnate at 3.4% in 2026 as companies cite economic uncertainty. LINK

GLOBAL NEWS

Prime Minister Anthony Albanese likely to finally meet Donald Trump in New York

  • Prime Minister Albanese will meet President Trump in New York to discuss AUKUS and tech regulations. LINK

  • The G7 discussed imposing tariffs on nations supporting Russia whilst considering using frozen Russian assets for Ukraine's defence. LINK

  • US inflation reached 2.9% year-on-year in August alongside rising jobless claims, strengthening expectations for Fed rate cuts. LINK

  • The UK and US will sign a major technology agreement to enhance cooperation in AI, quantum computing and semiconductors. LINK

  • The FTC has launched an inquiry into Google, Meta and OpenAI to assess generative AI risks and monetisation. LINK

COMPANY NEWS

Australian workers’ data is being gathered by employers - with little privacy protection

  • CBA employees have raised privacy concerns over a mandatory phone tracking app for office access. LINK

  • Great Southern Bank has launched 40-year mortgages to assist young Australians with home purchases despite higher long-term interest costs. LINK

  • The University of Technology Sydney has faced criticism for spending $20,000 on laptops despite preparing to cut 400 staff positions to save $100M. LINK

  • Telstra's viral 'Telstrut' dance campaign has garnered 22 million TikTok views. LINK 

  • CBA and Macquarie are testing AI agents to replace human business bankers. LINK  

  • Up launches a bill-splitting feature to address reporting conflicts as young Australians lose $2,000 annually due to shared bill misunderstandings. LINK

  • Flybuys experienced a 4.4% increase in active members, a 13.3% increase in points redemptions at Coles amid cost-of-living pressures. LINK

  • Woolworths and Scentre Group have partnered with police to combat retail crime as theft cases reached 267,750 in FY24. LINK 

  • The NBN has launched its largest speed upgrade, increasing download speeds tenfold for 2 million users. LINK

  • Ventia has secured contracts worth $2.8B from the City of Sydney and Defence. LINK

  • Oracle experienced a 36% stock boost as AI firms drive demand for its cloud services, reaching a US$922B market value. LINK

  • Microsoft has avoided an EU antitrust fine by agreeing to unbundle Teams from Office products. LINK

  • Reece Group is considering selling its US operations whilst evaluating potential attractive deals despite having no formal exit plans. LINK 

  • Adobe has raised its FY25 revenue forecasts as demand grows for its design software and AI features. LINK

  • Apple TV+ received 81 Emmy nominations across 14 titles whilst establishing its presence in Hollywood through risk-taking storytelling. LINK

  • OpenAI plans to reduce partner revenue sharing from 20% to 8% by FY30, potentially retaining over US$50B in additional income. LINK

  • Microsoft's AI Copilot was evaluated against financial advisers for investment and superannuation guidance. LINK 

CHART OF THE DAY

Europe and China grow offshore wind capacities

ONE MORE SCROLL

Editor’s Pick: In Australia, men are three times more likely to die by suicide than women.

Draft Pick:Craziest game ever’ leaves NRL in disbelief.

Odd Pick: This humanoid robot can run, cartwheel and fist-fight - and it costs just $6K.

TOGETHER WITH

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We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶

BRAINTEASER


Mathematically, which of these numbers is the largest?

A. Number of hours in a year
B. Number of seconds in a day
C. Number of days in a decade
D. Number of minutes in a week


Answer below

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ANSWER

B = 86,400


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