🗞️ Stress relief

Feeling the pressure of the daily grind? Seems like some adults in China are turning to pacifiers for a bit of stress relief.

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Good morning. Feeling the pressure of the daily grind? Seems like some adults in China are turning to pacifiers for a bit of stress relief.


While we're all for finding your zen, let's hope this particular trend doesn't find its way down under. Otherwise, we might need to add a new line item to the office stationery budget.


All the headlines and more below...

AUSTRALIAN NEWS

Unions, business at loggerheads over 4-day work week

  • The ACTU is calling for a 4-day work week in sectors that can support it, arguing this will allow workers to benefit from productivity gains and technological advances whilst addressing rising burnout. LINK

  • Australian employers are using digital monitoring to assess staff productivity rather than hours worked. LINK

  • Australian first-home buyers have become more indebted than ever, with the average loan size increasing by $18,000 over the last 3 months to $678,011 following interest rate cuts in February and May. LINK

  • Australian couples face new divorce complications as cryptocurrency becomes a tool for hiding marital assets among 100,000 annual divorces. LINK

  • Young Australians anticipate inheriting an average of $525,000 while aged care costs may significantly reduce inheritance values. LINK

  • Nearly 600,000 high-income Australians have opted to pay the Medicare surcharge instead of private health insurance as the incentive system fails to convince wealthy citizens. LINK

  • The ACCC ruled Apple and Google misused market power to overcharge app developers in Australia. LINK

GLOBAL NEWS

Electric vehicle sales growth eases to 21% in July

  • Global EV sales growth slowed to 21% year-on-year in July as Chinese hybrid demand eased. LINK

  • A US judge has ruled that Elon Musk must face OpenAI's harassment claims regarding his public comments and legal tactics. LINK

COMPANY NEWS

NAB cops $16M fine for treatment of customers in financial hardship

  • NAB has been fined $15.5M for failing to respond to financial hardship notices whilst implementing internal reforms. LINK

  • CBA posted a $10.25B annual profit whilst partnering with OpenAI and Anthropic. LINK

  • Treasury Wine Estates reported a 16% rise in annual underlying profit to $470.6M driven by strong Penfolds demand in China. LINK

  • AGL Energy reported a $100M loss whilst announcing plans to increase renewable energy targets to 6GW by 2030. LINK

  • IAG posted FY25 cash earnings of $1.17B as higher premiums and fewer climate-related claims boosted results. LINK

  • PepsiCo has won a $29M Australian High Court case regarding Schweppes royalty tax payments. LINK

  • Perplexity has made an unsolicited US$34.5B bid to acquire Google's Chrome browser whilst promising to maintain default search services. LINK

  • DJK Transport has entered liquidation after 57 years of operation due to industry challenges. LINK

  • Port Adelaide Salvage has been fined $700,000 for illegally dumping asbestos-contaminated waste across multiple sites. LINK

  • Telstra has resolved a major outage that affected 100,000 customers in southern NSW. LINK

CHART OF THE DAY

ONE MORE SCROLL

Editor’s Pick: Map of the world’s must-try desserts, according to TikTok.

Draft Pick: Marcus Windhager’s future at St Kilda uncertain as contract negotiations stall.

Odd Pick: Nintendo insists Mario and Princess Peach are Just “Good Friends”.

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


What rare trait do these terms have in common?

  • NARNIA SERIES

  • HAPPENCHANCE

  • THE MIAMI HEAT

  • INTESTINES

  • MONTGOMERY GENTRY

Answers below

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ANSWER

These terms are all ‘pair isograms’.

In other words, each individual letter appears exactly twice in them. Some shorter pair isograms include: NOON, DEED and HANNAH. Can you come up with any pair isograms?


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