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Soon you will have a new messaging platform to message that special someone, "You up?"
Pick & Scroll News
August 28, 2025
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Good morning. Soon you will have a new messaging platform to message that special someone, "You up?"
Spotify is adding messaging to its app so you can share that nostalgic song from high school with your friend, without leaving the app.
SMS has had a pretty rough ride when it comes to competitors entering its arena in the last 15 years.
All the headlines and more below...
AUSTRALIAN NEWS
AusPost halts most parcel postage to US amid US tariffs
Australia Post has suspended US deliveries due to new tariff rules requiring prepaid duties. LINK
Young Australians are facing worsening financial prospects as 40% rely on family support to enter the housing market. LINK
Australia's inflation rate increased to 2.8% in July as electricity prices surged. LINK
ASIC will launch 252 investigations in FY25-26, focusing on ASX confidence and AI risk management. LINK
The cost of child protection has risen 47% to $22.3B for at-risk Australian youth over 5 years. LINK
Workplace surveillance may become standard for remote workers, employers warn. LINK
Centrelink will upgrade its payment system from September 6 to reduce fraud while maintaining existing card operations. LINK
UTS has been urged to keep its teacher education courses by the NSW government amid growing demand. LINK
Australian equities rose 11.8% over the past year despite continuing to lag behind global markets. LINK
Indonesia is attracting Australian pharmaceutical companies for drug trials amid US regulatory uncertainty. LINK
GLOBAL NEWS
Australia pushes back on US defence demands
COMPANY NEWS
Woolworths posts weaker than expected sales as shares plunge
Woolworths reported a 19.1% drop in full-year profit to $1.39B amid ongoing customer trust issues and a 26% increase in store crime rates. LINK
WiseTech Global reported US$778M in revenue, up 14%, while profit jumped 17% to over US$200M. LINK
Amazon will invest $570M in Vietnam to deploy its Kuiper satellite services by 2030. LINK
Domino's reported a $3.7M loss for FY25 as store growth slowed and profitability declined. LINK
Google and Microsoft urged Australia to ease copyright laws for AI development as unclear regulations could shift innovation elsewhere. LINK
Coles delivered a $1.08B annual profit through cost-saving initiatives and own-brand sales whilst considering shelf price reductions. LINK
MIXI has increased its PointsBet stake to 42.38% following Betr's competing offer. LINK
SpaceX successfully launched its Starship rocket and deployed satellites in a major test breakthrough. LINK
OpenAI and Sam Altman face a lawsuit from parents who claim ChatGPT encouraged their son's suicide. LINK
EBOS Group reported a 20.8% drop in annual profit to $215M despite maintaining dividends and forecasting 7% EBITDA growth for FY26. LINK
Lovisa has achieved $798.1M in annual sales with a 4.8% profit increase as 162 new stores opened globally. LINK
Nine Entertainment reported $2.67B in revenue with plans for $150M in cost cuts by FY27. LINK
Sigma Healthcare posted a $529.9M profit whilst increasing synergy targets to $100M after the Chemist Warehouse merger. LINK
ARN Media has forecast a 'low to mid-single digit' revenue decline for H2 FY25 after achieving a 21% rise in digital revenue. LINK
Mecca Brands FY24 revenue rose to $1.28B while net profit fell 20% to $22.7M. LINK
Big W's declining performance has prompted Woolworths to accelerate transformation after a decade of flat sales. LINK
Tabcorp has rebounded to a $36.6M profit as Dabble betting performance improved. LINK
Flight Centre reported a $212.6M net profit despite citing weak US travel demand and Middle East tensions. LINK
Australian Finance Group reported record $63B home loan activity and forecasted rising property prices. LINK
ONE MORE SCROLL
Editor’s Pick: Is peeing 'just in case' bad for you?
Draft Pick: Cadillac shakes up the F1 grid with bold return.
Odd Pick: Surgeons transplant pig lung into brain dead human recipient for the first time.
TOGETHER WITH
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We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
TRIVIA
It's a public holiday in the Czech Republic today, commemorating the establishment of an independent state post World War 1.
Can you name the countries that border the Czech Republic?
Answers below
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