🗞️ Work-life balance

Good morning. Looking to give up your job and go volunteering for a while? We may have found your perfect volunteering activity.

Spain is recruiting 10,000 volunteers to drink wine every day for 4 years. Sounds kinda fun!

The study will look at how moderate wine consumption can impact your health, so no doubt we will have another take on whether a glass of wine is actually good for us. 🤞

All the headlines and more below...

AUSTRALIAN NEWS

Unions to demand strict controls over AI rollout

• Unions are pushing back against AI implementation due to concerns about middle-class job losses. LINK

• The NSW Parliament has rejected a motion to reverse eviction regulation changes while raising concerns about tenant protection loopholes. LINK

• Australia's class action system has secured $8B in compensation despite increasing corporate resistance. LINK

• Artificial intelligence is projected to add $116B to Australia's GDP over the next decade through labour productivity gains, whilst workers face transition challenges. LINK

• Hundreds of rough sleepers, including more women, are crowding Sydney's streets amid a worsening housing crisis. LINK

• Donald Trump has proposed 250% tariffs on pharmaceutical imports affecting $2B in Australian exports. LINK

GLOBAL NEWS

Global insured catastrophe losses hit $80 billion

• Global insured disaster losses have reached US$80B in the first half of FY25. LINK

• AI investments are raising bubble concerns despite the technology's long-term potential. LINK

COMPANY NEWS

ASX error causes TPG Telecom shares to enter a trading halt

• An ASX error has cost TPG Telecom $410M in market value due to confusion with TPG Capital. LINK

• The ACCC has ended its probe into United Petroleum after E10 fuel samples showed less than 1% ethanol content. LINK

• AUSTRAC is suing Mounties Club over $140M in suspicious transactions. LINK

• Match Group has exceeded Q2 revenue estimates, driven by Hinge's performance and new AI-powered tools. LINK

• Snap's revenue growth has slowed due to an ad platform glitch and competition from Meta and TikTok. LINK

• News Corp has exceeded Q4 revenue estimates as digital subscriptions rose by 10% to reach 6.3 million customers. LINK

• Linktree is investing in new roles to optimise AI engine capabilities as search evolves beyond traditional SEO. LINK

• Colonial First State has partnered with JP Morgan Asset Management to launch its first private equity fund focusing on small and mid-market buyouts. LINK

• ASIC is finalising approval for Cboe Australia to list companies in a challenge to ASX's market dominance. LINK

• REA Group reported a 23% rise in annual profit to $564.4M driven by strong property listings in Australia and India. LINK

• TechnologyOne is expanding into the UK public sector after signing with Greenwich Borough whilst competing against Oracle and Workday. LINK

CHART OF THE DAY

Nuclear weapons spending on the rise

ONE MORE SCROLL

Editor’s Pick: Yes, Gen Z is staring at you. The question is why.

Draft Pick: TNT Sports will stream England’s Ashes Series in Australia.

Odd Pick: “The best nod to him possible”: Petition launched to rename Birmingham airport after Ozzy Osbourne.

TOGETHER WITH

Doga Sydney - Corporate Cuddles & Puppy Yoga

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

Today, we've got some famous quotes from some celebrities. Can you match the quote with the celebrity?

1. My baby is already more famous than you will ever be

2. Even as a kid, I always had eyes on me, like bees on honey. I was always outrageous and was always very smart

3. We are bigger than Jesus. We will be as big as the Beatles, if not bigger

4. I'm a walking art piece, just a ball of creativity

5. Part of the beauty of me is that I'm very rich

1. Chris Brown

2. Donald Trump

3. Liam Gallagher

4. Lady Gaga

5. Kim Kardashian

Answers below

OUR SOCIALS

ANSWERS

1. Chris Brown - I'm a walking art piece, just a ball of creativity
2. Donald Trump - Part of the beauty of me is that I'm very rich
3. Liam Gallagher - We are bigger than Jesus. We will be as big as the Beatles, if not bigger
4. Lady Gaga - Even as a kid I always had eyes on me, like bees on honey. I was always Outrageous and was always very smart
5. Kim Kardashian - My baby is already more famous than you will ever be

Was this email forwarded to you? Sign up here