🗞️ Wiggin' out

Did you know that North Korea's number 1 export is.... fake hair?

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Good morning. Did you know that North Korea’s number 1 export is.... fake hair?


That means if you are wearing a wig, and yes, we know who you are despite you thinking we don't, there is a high chance it comes from North Korea, despite the label saying China. That goes for false eyelashes, beards and any other hair piece.


All the headlines and more below...

AUSTRALIAN NEWS

Retail pay proposal could reduce workers' salaries

  • Australian retail workers could lose $5,000 annually under a proposal to exchange penalty rates for a 25% salary increase. LINK 

  • Banks struggle with cybersecurity as 80% of executives fear hackers are advancing faster than defences. LINK

  • Ex-Tropical Cyclone Alfred has washed 2,000 Olympic swimming pools worth of sand off the Gold Coast's beaches. LINK

  • Australia has recorded an unusual trade surplus with the US due to surging gold exports amid America's US$131.4B deficit. LINK

  • ASIC urges Australian company boards to improve expertise diversity in cybersecurity and AI beyond gender representation. LINK

  • Australia requires 175 new data centres and $26B in investment by 2030 to meet AI and cloud computing demand. LINK 

  • NSW's procurement of 319 electric buses faces review over slave labour concerns. LINK

GLOBAL NEWS

Ukraine agrees to proposal for ceasefire with Russia

  • Ukraine agrees to proposal for ceasefire with Russia as US restores aid and intel sharing. LINK 

  • World Health Organisation warns of possible tuberculosis surge because of USAID cuts. LINK 

  • Trump fires more than 1,300 workers in the Education Department, the agency that manages federal loans for college, tracks student achievement and enforces civil rights laws in schools. LINK

  • Britain's electric vehicle charger rollout has fallen behind schedule while showing accessibility issues for disabled drivers. LINK

  • The European Union has retaliated against US steel tariffs by imposing counter-tariffs on US$45B worth of US goods. LINK

COMPANY NEWS

Atlassian and Williams F1 team partner up

  • Williams F1 team is partnering with Atlassian to transform its operations after tracking 20,000 car components using Excel spreadsheets. LINK

  • ASIC has sued AustralianSuper over delayed processing of nearly 7,000 death benefit claims between 2019 and 2024. LINK

  • Insurance Australia Group has received more than 4,000 claims across South East Queensland and Northern NSW related to ex-Tropical Cyclone Alfred. LINK

  • Qantas will increase frequent flyer points for premium reward seats by 20% from August 5. LINK 

  • Australia Post has acquired a 25% stake in Shiperoo to enhance eCommerce services. LINK

  • Meta has begun testing its first in-house chip for training artificial intelligence systems to reduce reliance on Nvidia, whilst planning capital expenditure of up to US$65B to expand its AI infrastructure in 2025. LINK

  • Feastables generated $250M in sales and $20M in profit while MrBeast's media business lost $80M last year. LINK

  • ChatGPT has identified jobs safe from AI automation whilst highlighting emotional intelligence and adaptability. LINK

  • LegalVision has partnered with Quadrant Private Equity to expand across Australia, the UK and New Zealand. LINK

  • Employment Hero has confirmed platform misuse by scammers whilst maintaining system security. LINK

  • IPH has commenced a search for a new CFO as John Wadley announces resignation. LINK

  • News Corp Australia has partnered with streaming service Tubi to expand its digital advertising reach. LINK

  • ING aims to expand its Australian mortgage market presence whilst following Macquarie's growth strategy. LINK

CHART OF THE DAY

Respondents/caregivers who were taking care of an adult reported higher rates of burnout than those taking care of children

ONE MORE SCROLL

Editor’s Pick: Do I get a ‘better’ cardio workout if I go faster or longer?

Odd Pick: Rising egg prices in the US spark chicken rental trend.

TOGETHER WITH

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We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶

RIDDLE


What 4-letter word can be written forward, backward or upside down, and can still be read from left to right?


Answer below

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ANSWER

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