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🗞️ The water cycle
Unless you're that one guy in the office who geeks out on Space, you may have never considered the intricacies of water filtration or the challenges of showering in a zero-gravity environment where water floats freely.
Pick & Scroll News
February 25, 2025
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Good morning. Unless you're that one guy in the office who geeks out on Space, you may have never considered the intricacies of water filtration or the challenges of showering in a zero-gravity environment where water floats freely.
Nearly 80% of the water used for drinking and cleaning aboard spacecraft is recycled from moisture that evaporates from astronauts’ hair, bodies, breath and urine. Must be nice to know that you're drinking or cleaning yourself with someone else's bodily fluids.
All the headlines and more below...
AUSTRALIAN NEWS
Labor says 9 out of 10 GP visits will be free from out-of-pocket expenses by 2030
GLOBAL NEWS
Most USAID staff laid off or placed on leave by Trump administration
The Trump administration is pushing forward with its aggressive plan to cut government spending, with 4,200 on forced leave and 1,600 US-based workers to be laid off as part of a “reduction-in-force” initiative. LINK
The US President has ordered new investigations into foreign digital service taxes on American tech companies, potentially triggering retaliatory tariffs. LINK
COMPANY NEWS
Qantas pilots secure 25% pay increase in new deal
Qantas pilots have accepted a new 5-year pay deal featuring a 25% salary increase. LINK
Slater and Gordon has confirmed an internal breach caused the leaked staff salary email and confirmed no client data was compromised in the email breach affecting 906 employees. LINK
Four WiseTech board members have resigned due to conflicts over Richard White's role despite his previous CEO departure agreement. LINK
Telegram has received a $1M fine from the eSafety Commissioner for failing to cooperate in child exploitation investigations. LINK
Atlassian co-founder Mike Cannon-Brookes has accused a former company secretary of leaking confidential documents during $24.4B divorce proceedings. LINK
Virgin Australia has surpassed Qantas with a 35% domestic market share while operating as a value carrier under Bain Capital. LINK
Perpetual's planned sale of its Corporate Trust unit to KKR has collapsed due to pricing disagreements, high tax costs and board concerns over shareholder interests. LINK
Westpac has partnered with Accenture to implement AI-powered banking agents. LINK
The Sydney Morning Herald maintains its position as Australia's most-read news outlet with 6.9 million monthly readers. LINK
The Age remains Australia's second most-read news outlet with 4.56 million cross-platform readers. LINK
GM, Porsche, BMW and Mercedes-Benz are increasing hybrid and petrol engine production as electric vehicle demand slows. LINK
Domain has confirmed a US$4.20 per share takeover bid from US-based CoStar. LINK
Alibaba has announced a US$52.44B investment in cloud computing and AI over 3 years. LINK
oOh!media delivered higher-than-expected FY24 profits, supported by a $15M cost-cutting program. LINK
Reece reports a 19% drop in half-year profit and reduces its dividend due to tough economic conditions in Australia and the US. LINK
NextDC reported a widened first-half loss of $42.7M due to capacity expansion investments whilst maintaining full-year guidance. LINK
Iress has reinstated dividends and returned to profitability whilst providing a cautious FY25 outlook. LINK
Lovisa reported a 6.5% profit increase whilst falling short of sales growth estimates. LINK
NIB Holdings exceeded profit forecasts despite recording a 22% decline in net earnings. LINK
Regis Healthcare has achieved a $24.4M first-half profit through increased funding and acquisitions. LINK
BHP is allocating nearly half of its capital expenditure to copper production as global demand increases. LINK
ONE MORE SCROLL
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