🗞️ Sugar rush

If your child has ever made an unexpected purchase on your phone, you'll be able to relate to Liam's parents.

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Good morning. If your child has ever made an unexpected purchase on your phone, you'll be able to relate to Liam's parents.


8-year-old Liam managed to order 70,000 lollipops on Amazon for $4,000 USD, which is not a bad price really, but not exactly how you'd want to spend your savings.


He planned to host a carnival and hand them out as prizes. It's hard to be mad at that thinking!


All the headlines and more below...

AUSTRALIAN NEWS

Floods strand 48,000 people amid flurry of roof rescues

  • Severe flooding in Eastern Australia has isolated 48,000 people and triggered 300 rescues across 16 disaster-declared regions. LINK

  • SA faces long mental health wait times as only 12% of 1,894 registered psychologists work in the public sector. LINK

  • Sydney's rail network faced severe disruptions for a second day on Wednesday after a power cable fell on a train near Strathfield, with services not expected to return to normal until Thursday morning. LINK

  • Australia joined 20 nations in urging Israel to restore humanitarian aid to Gaza as starvation risks increase. LINK

  • Australia will fall short by 262,000 homes of its 1.2 million new homes target by June 2029. LINK

  • The Workplace Gender Equality Agency reports the public service gender pay gap has halved to 6.4% as women earn $8,200 less than men. LINK

  • Millennials face complex financial decisions when inheriting real estate from baby boomers as property maintenance and tax implications create challenges. LINK

  • Australia's unemployment rate reaches post-WWII full employment levels below 2% whilst boosting Labor support. LINK

COMPANY NEWS

Westpac to cut 1,500 jobs

  • Westpac plans to cut 1,700 jobs as part of a major cost-reduction effort under its new CEO. LINK

  • Telstra faces scrutiny over mobile coverage claims requiring external antennas as wholesale partners update their marketing. LINK

  • ASIC has commenced legal action against Resimac for allegedly failing to assist distressed home loan customers between January 2022 and February 2024. LINK

  • Google Search's market share has fallen below 90% globally as AI tools like ChatGPT reduce traditional search traffic. LINK

  • PwC Australia is concluding independent monitoring early after implementing 47 post-scandal reforms. LINK

  • Google chose not to inform publishers about using their content for AI search training as revealed in an internal document. LINK

  • Immutable has reduced its workforce by one-third while integrating AI technology to reduce costs. LINK

  • Epic Games’ Fortnite has returned to Apple's US App Store after a 5-year ban whilst marking a legal victory over commission policies. LINK

  • Movie World has been cleared of responsibility for a 2022 carousel ride accident after prosecutors dropped the safety breach case. LINK

  • Etihad Airways reported a 30% rise in Q1 profit to $186.5M driven by strong travel demand. LINK

  • Google announced new artificial intelligence features and a US$249.99 monthly subscription to compete with rivals. LINK

  • Webjet achieved a $20.9M annual profit despite domestic bookings declining by 6% following Rex Airlines’ collapse. LINK

  • Volvo Cars has become the lead partner in developing Android software for vehicles with Google to enable faster updates. LINK

CHART OF THE DAY

Mental health conditions exceed leading NCDs in morbidity burden

ONE MORE SCROLL

Editor’s Pick: Teenagers who go to bed early and sleep longer have sharper brains.

Draft Pick: Tottenham beats Man United to win Europa League, ends 17-year trophy drought.

Odd Pick: She was fired for being too attractive, and the court said it’s okay.

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


On this day in 1972, Ceylon became Sri Lanka, transitioning to a republic from a British Dominion.


We are going to give you the 'old' name of a country or city. Can you provide us with the new names?


1. Burma

2. Persia

3. Bombay

4. Constantinople

5. Rhodesia

6. Zaire


Answers below

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ANSWERS

1. Myanmar
2. Iran
3. Mumbai
4. Istanbul
5. Zimbabwe
6. Democratic Republic of Congo


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