Draft Right to Disconnect clause released

August 2024 for big business, 2025 for small

Author

Maziar Foroudian
July 16, 2024

Latest Stories

Do you struggle with maintaining a work-life balance? The new Right to Disconnect law in Australia may be the solution. Learn about its effective dates, key aspects, and potential impact on productivity.

Discover the dramatic decline in Asia's venture funding scene, with a 24% drop in Q2 and a 32% year-over-year decrease. From early-stage to late-stage funding, find out how investor sentiment is shifting and the potential impact on the region's innovation and growth.

While you gear up for Amazon Prime Day, be aware of the massive rise in fake sites targeting unsuspecting shoppers. Learn how to spot and avoid these malicious websites, and keep your login and payment information safe.

Struggling small businesses in Australia are looking for relief from the challenges of rising costs, weaker demand, and labor shortages. But a new survey reveals that nearly a quarter of SMEs won't benefit from the government's budget incentives. See what alternative measures they prefer and why.

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Top stories

Australian beauty startup tbh Skincare faced a wave of misogynistic backlash after a playful social media video. Despite the negativity, the brand cleverly engaged with social media, making the most of the attention and turning the incident into a positive outcome.

Melbourne startup JigSpace secures $13 million in funding led by Breakthrough Victoria, coinciding with the release of Apple's $5,999+ Vision Pro in Australia. The AR platform allows users to create 3D visualizations for various purposes.

Australia

Smartphones are poised to revolutionize with the adoption of AI technology. Samsung and Apple lead the charge, prioritizing customer privacy and data security amidst concerns around transparency and regulations. Consumers should stay informed.

ASIC’s new insider-trader detection system is helping catch offenders, but their lack of sophistication may be their downfall. Tony Boyd discusses the increasing stupidity of insider traders and the impact on equity markets.

Australian beauty startup tbh Skincare faced misogynistic backlash after a playful social media video went viral. Despite the negativity, the brand cleverly channeled the attention into a positive outcome, highlighting the dark side of online communities and emphasizing the importance of female empowerment.

Australian Economy

Real wages in Australia have decreased by 4.8% since 2019, a significant drop compared to other OECD countries. The Reserve Bank's concern over high inflation overlooks the role of rising profits and stagnant wages.

Delays in updating Australia's power grid hinder renewable energy growth, causing price spikes and reliability issues. Urgent modernization is needed to meet climate targets and prevent extended fossil fuel use. Coordination and accountability are essential.

World

The UK economy grew by 0.4% in May, exceeding expectations and boosting the new Labour government. With positive trends in various sectors, including services, production, and construction, analysts predict potential interest rate cuts and increased private investment.

The U.S. Senate introduces the COPIED Act to protect artists and creatives by requiring more precise authentication of digital content through AI standards. This legislation aims to detect and curb the use of AI-generated content like deepfakes.

Unilever plans to cut a third of its office-based roles in Europe by 2025 to revive growth under new CEO Hein Schumacher. The move comes after announcing cost-cutting measures and splitting off its ice cream business.

Tech

Google is nearing its largest-ever acquisition, in talks to buy Wiz, a cybersecurity start-up valued at $12 billion. If successful, the $23 billion deal would strengthen Google Cloud's offering and may face regulatory scrutiny.

Apple announced Apple Intelligence, integrating with iPhone, iPad, and Mac. Leveraging generative models and personal context, it enhances language and image understanding. With a focus on privacy, Apple sets a new standard for AI while introducing new capabilities for language and image creation.

Satya Nadella's bold investments in AI, including deals with Inflection AI and OpenAI, have propelled Microsoft's value by 70% in the last two years. Nadella's gamble on AI technology could reshape the tech industry.

Curated for you

Despite being a small industry with few positions available, venture capital firms are constantly hiring. To break into this competitive field, aspiring investors must research firms, craft compelling cold emails, and showcase their potential value.

First-time startup founders face pressure to secure funding; choosing the right investor is crucial for long-term success. Look for shared enthusiasm, a strong network, experience, transparency, and resilience in your first investor. This ensures a solid partnership for growth.

Entrepreneurial success hinges on effective leadership. Planning, people management, streamlined processes, and consistent accountability are key pillars. Setting clear goals, communicating expectations, implementing efficient systems, and monitoring performance are vital for sustainable growth.

AI's energy consumption is hindering climate change initiatives, with Google and Microsoft struggling to balance AI advancements with sustainability goals. Microsoft plans to be carbon negative by 2030, facing setbacks due to AI power use.

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