🗞️ Uber, but make it posh

Good morning. If you're too good for Uber Black, maybe you're the Uber Helicopter type, we have some good news.

Uber Elite is on the way, which will entail licensed professional drivers in cars less than three years old.

It will be invite-only, so you better get those followers up and prove you’re not an Uber Pool guy in disguise.

All the headlines and more below...

AUSTRALIAN & GLOBAL NEWS

AI has been blamed for over 1,000 job losses in Australia

• AI has been blamed for over 1,000 job losses in Australia in recent months. LINK

• The ACCC has called a meeting with major petrol companies as petrol and diesel prices surged alongside wholesale costs, with Perth recording a 59.5 cents per litre increase. LINK

• Since Australia relies on imports for 90% of its oil, the country is facing fuel shortages and rising prices as it holds just 26 days of diesel and 29 days of petrol in reserve. LINK

• The Australian government has directed fuel companies to release nearly 20% of reserve petrol and diesel supplies as fuel companies’ stock obligations are cut to 700M litres of petrol and 2.2B litres of diesel. LINK

• The Fair Work Commission has delayed a key case on employer AI consultation requirements until 2027 as a surge in AI-generated unlawful dismissal claims pushed its caseload to capacity. LINK

• The Australian Energy Regulator will introduce a daily window of free solar electricity and cap power bill components for NSW, SA and Southeast QLD. LINK

• The NSW government will introduce laws requiring property sellers to publish price guides while increasing fines for underquoting and dummy bidding to $110,000. LINK

COMPANY NEWS

ANZ lifts mortgage rates ahead of expected rate hikes by the RBA

• ANZ increased its fixed mortgage rates by up to 0.25 percentage points ahead of the RBA meeting, as other lenders lift rates and economists expect 3 rate hikes to bring the cash rate back to 4.35%. LINK

• AI companies including Anthropic, Google and OpenAI are pressuring Australia to relax copyright laws for model training. LINK

• Major retailers such as Chemist Warehouse, Bunnings, Coles and Woolworths have launched professional in-house radio stations to enhance the shopping experience. LINK

• APA Group has sought regulatory clearance to expand its southwest Victoria pipeline to avert an east coast gas shortfall from 2029 as major LNG importers raise cost concerns. LINK

• Bluesfest Enterprises has entered voluntary liquidation owing more than $23M to creditors as rising costs and poor ticket sales prompted cancellation of the 2026 festival. LINK

• Perpetual has agreed to sell its wealth management unit to Bain Capital in a deal valued at around $550M. LINK

CHART OF THE DAY

Top causes of poor sleep

ONE MORE SCROLL

Editor’s Pick: Here's how much a ticket costs to join Meghan Markle at a girls' weekend event in Australia.

Draft Pick: Australian golfer Hannah Green has won the Women’s Australian Open.

Odd Pick: This company wants to pay you $800 to bully AI for a day.

AI Alone Can’t Run Revenue

Finance doesn’t run on “mostly right.” It runs on math.

In The Architecture Behind AI-Native Revenue Automation, Tabs’s CTO breaks down why LLMs alone aren’t enough—and what it actually takes to build audit-ready, AI-driven contract-to-cash systems for modern B2B teams.

Get the whitepaper

TRIVIA

We start the week off with 5 True or False questions:

1. The average adult brain weighs more than 1.2kg

2. Bees have 4 eyes

3. India have a greater population than China

4. Eliud Kipchoge has the fastest official marathon time

5. The Berlin Wall fell in 1988

Answers below

OUR SOCIALS

ANSWERS

1. True
2. False - 5
3. True
4. False - Kelvin Kiptum
5. False - 1989

Was this email forwarded to you? Sign up here