Delivery drivers working for gig economy platforms in Australia will get a minimum pay rate of $31.30 an hour and personal injury insurance under new rules set by the Fair Work Commission. These standards aim to protect workers while keeping the flexible nature of on-demand delivery jobs.
Key Facts
The Fair Work Commission approved a minimum hourly pay rate starting at $31.30 for gig delivery workers.
The rules apply to workers delivering food, drinks, and groceries for platforms like UberEats and DoorDash.
The new standards take effect from August 17, 2024.
Delivery workers must maintain insurance for damage caused by their vehicles, but platforms will provide and pay for personal accident insurance.
Pay rates will increase by 50 cents per hour beginning January 1, 2027.
The standards provide clearer ways to resolve disputes and allow workers unpaid time off.
The rules cover any on-demand delivery platform operating in Australia, not just those involved in the application.
These changes follow workplace reforms by the Albanese government giving the industrial umpire power to set minimum standards for gig workers.
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France has introduced a new law banning unsolicited telemarketing calls to protect consumers from unwanted sales calls and fraud. The law requires companies to get prior consent before calling and imposes heavy fines on violators.
Key Facts
The new law in France prohibits businesses from calling consumers without their prior permission.
People can withdraw their consent to receive marketing calls at any time.
Violators face fines up to 75,000 euros per illegal call for individuals and 375,000 euros for companies.
About 75% of people in France receive at least one unwanted marketing call per week.
There are exceptions, like calls to customers who already have contracts or who gave explicit consent.
Consumers can report unwanted calls on a government website.
The law has raised concerns in Morocco, where call center jobs might be at risk due to less telemarketing work from France.
Morocco has a strong telemarketing industry, earning over $1 billion annually, mainly from French companies outsourcing there.
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Heathrow Airport has lost its title as Europe’s busiest airport to Istanbul Airport, which had more passengers in July 2024. Heathrow is operating nearly at full capacity and is pushing for government approval to build a third runway to handle more passengers and support economic growth.
Key Facts
Heathrow had 7.86 million passengers in July 2024.
Istanbul Airport had 8.15 million passengers in the same month, overtaking Heathrow.
Heathrow was Europe’s busiest airport from 1996 to 2019 and regained the title after 2020 until now.
Passenger traffic at Heathrow on Middle East routes dropped by 20.2% due partly to the US-Israel-Iran conflict.
Heathrow runs nearly at full capacity with two runways and wants permission to add a third runway.
The planned expansion would allow Heathrow to serve up to 150 million passengers a year; it handled 84.46 million passengers in 2023.
The UK government is consulting on Heathrow’s expansion plan, with aims to build the third runway by 2035.
New airlines from Italy, the US, and Saudi Arabia have started flights to Heathrow, showing high demand.
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London Heathrow Airport lost its position as Europe’s busiest airport to Istanbul Airport in July, with Istanbul serving 8.15 million passengers compared to Heathrow’s 7.86 million. Heathrow has faced a drop in Middle East passenger traffic due to the US-Israel conflict with Iran and is planning to expand by building a third runway to handle more passengers.
Key Facts
Istanbul Airport had 8.15 million passengers in July 2025, while Heathrow had 7.86 million.
Heathrow was Europe’s busiest airport from 1996 to 2019 and again since 2023, except during the 2020 pandemic.
Passenger numbers on routes to the Middle East from Heathrow fell by 20.2% in July 2025.
Heathrow operates two runways nearly at full capacity and wants approval to build a third runway.
The airport recorded 84.46 million passengers in the first half of 2025.
Heathrow’s busiest day in 2025 was July 19, with 267,000 passengers.
Heathrow plans an expansion to handle up to 150 million passengers annually.
The airport will charge airlines higher fees to recover costs spent on the third runway project’s early work.
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A US judge dismissed criminal bribery and fraud charges against Indian billionaire Gautam Adani. The judge criticized the unusual way the case was dropped but confirmed the charges could not be brought back.
Key Facts
Gautam Adani was accused in 2024 of bribing Indian officials and misleading US investors.
Adani and his companies denied any wrongdoing.
US District Judge Nicholas Garaufis approved the Justice Department’s request to drop the charges.
The judge criticized that a top official made the decision without consulting prosecutors and investigators.
The Justice Department said the case was hard to prosecute because much alleged conduct happened outside the US.
Adani hired a new legal team led by Robert Giuffra Jr., a personal lawyer to President Donald Trump.
Adani promised to invest $10 billion in the US and create 15,000 jobs, but the judge said this did not influence the dismissal decision.
The charges were dismissed with prejudice, so they cannot be filed again.
Separate from this case, Adani and related companies settled other US regulatory penalties worth millions of dollars.
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Nvidia has teamed up with six big Wall Street firms to raise over $500 billion to fund artificial intelligence projects. The plan will create special financing platforms to help investors put money into AI computing as a new type of investment.
Key Facts
Nvidia partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR.
The total money to be raised for AI infrastructure is more than $500 billion.
Nvidia CEO Jensen Huang said Nvidia can back up to $125 billion of this financing.
The deal will allow outside investors to treat AI computing power as an investment asset.
Big tech companies’ AI spending is expected to go beyond $730 billion this year.
Nvidia is valued at $5.3 trillion and supplies AI technology to companies like Google, Amazon, Microsoft, and Meta.
The exact financial terms and schedule for using the $500 billion were not revealed.
Executives emphasize AI computing as a crucial infrastructure for industries and countries.
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Consumer confidence in the UK reached its highest level in nearly two years in July, helped by the final stages of the men’s football World Cup and more people taking holidays within the country. Barclays reported a rise in consumer spending, especially in pubs, cinemas, and UK accommodations, while some retailers saw mixed results during the summer heat.
Key Facts
In July, 30% of people surveyed felt confident about the UK economy, the best since February 2022.
Consumer card spending increased by 2% compared to the same month last year.
Spending in pubs rose by 10%, partly due to England’s World Cup performance, adding about £150 million in sales.
Cinema card spending grew by 2.6%, supported by popular movies like Toy Story 5 and The Odyssey.
Heatwaves led to less spending on airplane tickets and more on UK holidays, with accommodation spending up 2.6%.
Food sales grew by 3.8% year on year in July, while sales of big items like furniture and computers fell.
Retailers such as John Lewis, H&M, and Zara reported tough trading conditions, but toy shops like HMV saw visitor numbers rise by 12%.
Next upgraded its profit forecast for the third time in 2024 due to good weather and a calmer global economy.
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Oil prices stayed steady after a big jump the previous day, as uncertainty remains about when the Strait of Hormuz will reopen for oil shipments. Asian stock markets showed mixed results, with some rising and others falling, while U.S. futures moved slightly higher.
Key Facts
Brent crude oil held steady at $87.72 per barrel, and U.S. crude was steady at $82.13 after a 5% rise the day before.
Oil prices have been volatile recently due to hopes and concerns over a U.S.-Iran deal affecting shipping through the Strait of Hormuz.
South Korea’s Kospi index rose by 1.5%, helped by a 4.6% gain in Samsung Electronics shares.
Hong Kong’s Hang Seng index dropped 0.6%, and Shanghai’s index edged down 0.1%.
Australia’s main stock index went up 0.5% after the Reserve Bank kept interest rates unchanged at 4.35%.
U.S. stock indices showed small declines after recent records, with the S&P 500 down 0.1%.
U.S. companies are reporting strong profit growth, with earnings up about 50% from last year.
Berkshire Hathaway gained 1.5% after reporting better profits and increasing stock investments under CEO Greg Abel.
MarineMax shares jumped 46.1% after agreeing to sell itself for $1.5 billion in cash to a Blackstone portfolio company.
Varex Imaging shares rose 48.8% following an acquisition announcement by Teledyne Technologies.
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Seaside businesses in Skegness, England, report fewer evening customers and less spending despite a rise in overall visitors. Traders say many visitors are day trippers who come during the day but leave early, affecting local shops, cafes, and pubs.
Key Facts
Visitor numbers on the east coast increased by 8% in 2025 compared to 2024, reaching 2.94 million.
The economic impact of tourism in East Lindsey District was about £752 million in 2025, up 15%.
Local businesses like fish and chip cafes and pubs have fewer customers in the evening and are closing earlier.
Many visitors now are day trippers who spend less time and money than holidaymakers staying overnight.
Visitor days in serviced accommodations dropped from 856,000 in 2023 to 722,000 in 2025.
Non-serviced accommodation visitor days increased from 8.1 million to 8.9 million in the same period.
Tourism supports nearly 7,000 jobs in the East Lindsey District, a 5% increase from before.
Visitors say they enjoy their holidays but cut back on spending due to rising costs.
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President Donald Trump’s media company, Trump Media & Technology Group (TMTG), reported a loss of $238 million in the second quarter of 2026, despite earning $1.7 million in revenue. Most of the loss was due to decreases in the value of digital assets and securities, with the company’s total losses reaching $644 million in the first half of 2026.
Key Facts
TMTG reported a net loss of $238 million for April-June 2026.
The company earned $1.7 million in revenue during the same period.
$190.4 million of the loss came from unrealized losses on digital assets and securities.
Additional losses included $11.7 million in unpaid interest added to loans and $8.1 million from stock-based pay.
The company’s revenue grew 89% compared to last year, mostly from advertising and subscriptions.
TMTG’s total losses in the first half of 2026 were $644 million against $2.5 million in revenue.
TMTG owns Truth Social, Truth+ streaming, and Truth.Fi fintech, and recently launched Truth API, a paid market data service.
Truth Social’s user visits dropped by more than one-third year-over-year in July 2026, lagging behind bigger social platforms.
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The Reserve Bank of Australia (RBA) kept the official cash rate steady at 4.35% after three hikes earlier in the year. The RBA warned that house prices are falling across several cities, which will slow income growth and household spending, but said it may raise rates again if inflation remains high.
Key Facts
The RBA held the cash rate at 4.35% following three increases in 2024.
House prices are falling in Sydney, Melbourne, Brisbane, Perth, and Adelaide.
Inflation is still above the target at 3.8% yearly, with the goal of reaching 2.5% by late 2027.
Falling home values are expected to reduce household wealth and spending in 2026.
New home loans have slowed, with a sharp drop in investor loan commitments and home loan applications.
Some banks are lowering advertised mortgage rates to compete for customers.
Most mortgage holders have buffer savings covering around a year of repayments.
Economic growth is forecast to be about 1.4% in 2026, partly supported by increased datacentre investment.
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President Donald Trump’s media company, Trump Media & Technology Group, is stopping most of its new business projects to focus again on its main media platform, Truth Social. The company is now selling fast access to President Trump’s posts for a high fee, which could significantly increase its income despite raising ethical concerns.
Key Facts
Trump Media & Technology tried several new businesses like online betting, finance, bitcoin storage, and nuclear energy but none succeeded.
The company is returning to its original focus on Truth Social, a social media platform started by President Trump after being banned from other sites.
They are offering a service that sells rapid access to President Trump’s posts for a fee to clients including traders and data companies.
Trading firms pay between $60,000 and $100,000 per month for this fast access.
This new service could boost the company’s revenue two to three times what it earned last year.
The company lost over $1 billion since early last year, including a $238 million loss in the latest quarter.
Much of the recent loss is due to a drop in the value of bitcoin the company holds.
The company has a $1 billion loan with a repayment deadline in November 2026, adding financial pressure to improve results soon.
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Trump Media and Technology Group, which runs President Trump’s Truth Social platform, reported a $238 million loss from April to June. The company’s losses increased mainly due to its investments in cryptocurrencies, but its revenue grew by 89% compared to last year.
Key Facts
The company lost $238 million between April and June 2024, over 10 times more than the same period in 2023.
Revenue for the quarter was $1.7 million, up 89% from the year before.
Losses were caused mainly by a drop in cryptocurrency values held by the company.
Total assets at the end of June were about $2 billion, including $1.9 billion in cash, short-term investments, and digital currencies.
The company has not yet made a profit.
Trump Media expanded into areas like cryptocurrency and clean energy investment.
It launched a new paid service giving traders faster access to President Trump’s posts on Truth Social.
More than 10 customers have signed up for this new service, which aims to create a new revenue stream.
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Donald Trump’s media company, which owns the social media platform Truth Social, reported a loss of $238 million in the second quarter. The company is shifting its focus back to social media after trying new ventures like cryptocurrency and online betting.
Key Facts
Trump Media & Technology lost $238 million from April to June.
The company tried expanding into crypto and online betting but will now focus on social media.
They launched a service called Truth API that sells early access to Trump’s Truth Social posts to trading firms for $60,000 to $100,000 a month.
Ten high-frequency trading firms have signed up for Truth API, which helps them trade stocks fast based on Trump’s posts.
Critics say this paid access could be a conflict of interest because Trump is president, but the company says such services are common in finance and media.
Trump Media plans to continue a merger with energy company TAE Technologies for a nuclear fusion project.
In the quarter, the company made $1.7 million in revenue, more than double from last year.
The company holds $1 billion in debt due in 2028, with lenders possibly requiring repayment in November, and has over $400 million in cash plus $1.2 billion in bitcoin assets.
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Taylor Fresh Foods is recalling some products containing jalapeños because of possible salmonella contamination. The recall includes prepared foods like guacamole and pico de gallo, and these products were sold in multiple major stores across several states.
Key Facts
Taylor Fresh Foods is voluntarily recalling products with jalapeños due to possible salmonella contamination.
The recall follows a previous lettuce recall linked to a different food illness outbreak.
A supplier called Coast Citrus Distributors also recalled fresh jalapeños, leading Taylor Fresh Foods to pull related products.
Recalled products have a "Best If Used By" date up to August 16, 2026.
These products were sold at stores including Kroger, Stop & Shop, Target, Whole Foods, Trader Joe’s, and Walmart.
The supplier’s contamination is linked to a grower in Sinaloa, Mexico.
Taylor Fresh Foods stopped buying from this grower and plans to use other suppliers.
No illnesses from Taylor’s jalapeño products have been reported so far.
Consumers should throw out recalled products and can get refunds from the store.
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Women in the UK invest less than men, with only about a quarter of women investing compared to around 40% of men. However, women tend to get slightly higher returns on their investments, possibly because they trade less often and make more cautious choices.
Key Facts
Only about 26% of UK women invest, compared to about 41% of men.
Women under 45 invest even less, at 23%, while 40% of men under 45 invest.
Women’s investments returned about 50% over three years, slightly higher than men’s 47% returns.
Women trade (buy and sell) their investments about half as often as men.
Women tend to be more cautious and patient with investments, leading to better long-term results.
Women invest in a wider range of industries, including retail, food, health, beauty, and female-focused technology.
Men often focus more on higher-return sectors like technology.
Cultural reasons and historic roles influence why fewer women invest, but this is changing as more women discuss money and investing.
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Taylor Farms is recalling jalapeño pepper products because they might have salmonella, a type of bacteria that can cause illness. The company was also connected to a previous outbreak involving lettuce earlier this summer.
Key Facts
Taylor Farms is recalling jalapeño products due to possible salmonella contamination.
Salmonella is a bacteria that can cause food poisoning.
This recall follows an earlier health issue with Taylor Farms related to a parasite found in lettuce.
The recall aims to prevent people from getting sick after eating these jalapeño products.
News about the recall was reported by CBS News and covered by Tom Hanson.
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Taylor Farms is recalling several products that contain jalapeños because they might have salmonella, a type of bacteria that can make people sick. These products are sold at stores like Target and Walmart.
Key Facts
Taylor Farms is recalling food items made with jalapeños.
The jalapeños may be contaminated with salmonella bacteria.
Salmonella can cause illness if people eat contaminated food.
The recalled products are available at major retail stores including Target and Walmart.
The recall is announced to protect consumers from potential health risks.
Food safety experts are involved in explaining the situation.
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Trump Media & Technology, the company behind the Truth Social app, reported a $238 million loss in the second quarter of 2024. The company plans to stop expanding into new businesses like crypto and online betting and instead focus on social media, including a new service called Truth API for traders.
Key Facts
Trump Media lost $238 million from April to June 2024, over 10 times more than the loss a year earlier.
The company’s loss per share increased to 86 cents from 8 cents.
New CEO Kevin McGurn said they will stop most non-media business efforts, such as crypto and online betting.
The company will focus on social media, including Truth API, a paid service giving trading firms early access to posts from top users like President Donald Trump.
Truth API charges $60,000 to $100,000 per month per customer and has about 10 clients so far, mostly high-frequency trading firms.
Trump Media’s stock price declined after the earnings report.
The company continues work on a nuclear fusion venture with TAE Technologies, considered a key long-term value.
Some losses were from the falling value of Trump Media’s cryptocurrency holdings, such as bitcoin and Cronos tokens.
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Taylor Farms, a major North American produce supplier, is facing a food safety crisis linked to salmonella and cyclospora outbreaks. The company is recalling products containing jalapeños and iceberg lettuce and is working with the FDA to address multiple contamination cases that have sickened thousands.
Key Facts
Taylor Farms supplies produce and finished food products to big stores and restaurants like Walmart, Target, Chipotle, and Taco Bell.
The FDA has tracked 345 salmonella cases linked to jalapeños from a distributor connected to Taylor Farms, with 36 people hospitalized.
Taylor Farms is recalling several jalapeño-related products from stores like Kroger, Trader Joe's, and Whole Foods.
Over 6,300 cyclospora cases have been linked to Taylor Farms iceberg lettuce used by restaurants such as Taco Bell.
Taylor Farms ended its relationship with the implicated jalapeño supplier and is looking for new sources.
The company has a history of food safety issues, including a 2024 E.coli outbreak tied to onions supplied to McDonald’s.
Food experts say Taylor Farms needs stricter supply chain checks and better safety practices to avoid further illnesses.
The FDA has faced staffing cuts that may affect its ability to handle foodborne illness outbreaks efficiently.
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