News
The impact closed International borders is having on your wage
Australia’s Reserve Bank Governor has voiced concerns about the country’s closed international borders and the impact this is having on the local labour market.
The governor’s concerns centre around the fact that Australia cannot “tap global labour markets”, meaning there are increasing worker shortages in a number of sectors.
This is starting to result in pockets of wage increases in the economy, which is worrying business owners.
The governor says prior to the pandemic “if there was very strong demand for workers with a particular skill, the wage didn’t really move very much.. because you could go and get workers overseas.”
However, despite the lack of global talent, employers are still broadly trying to avoid any wage growth.
The governor says that “even in those pockets where firms are finding it hardest to hire workers… wage increases are mostly modest.”
News
OpenAI prepares first consumer device amid revenue boom
OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.
OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.
OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.
The device comes after OpenAI acquired a promising hardware startup to accelerate development.
The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.
Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.
This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.
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Putin invited to Trump’s Gaza Peace Board
Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.
Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.
Russian President Vladimir Putin has reportedly received an invitation to join the U.S.-led ‘Board of Peace’ for Gaza, according to the Kremlin. The council, created by President Donald Trump, is designed to maintain a ceasefire between Israel and Hamas while overseeing the region’s reconstruction.
Kremlin spokesman Dmitry Peskov said Moscow will review the details of the invitation before responding. The board has already extended invitations to several world leaders, with some nations confirming their participation.
The proposal has sparked debate because the Trump administration reportedly requires participating nations to pay $1 billion to secure a permanent seat. Putin’s potential involvement also raises concerns, given his ongoing conflict with Ukraine.
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Trump escalates Greenland standoff as Europe weighs retaliation
Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.
Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.
Denmark has deployed additional troops to Greenland after President Donald Trump renewed his push for U.S. control of the island, linking the issue to what he claims cost him a Nobel Peace Prize.
The move has raised alarm across Europe, with leaders scrambling to prevent a fresh transatlantic crisis.
Trump has warned of tariffs against countries opposing American control of Greenland, calling the territory vital to U.S. security interests. Norway’s Prime Minister Jonas Gahr Støre has privately raised concerns with Trump, while EU officials assess potential coordinated countermeasures.
Despite the rhetoric, European leaders remain cautious. With U.S. influence deeply embedded in Europe’s defence and security framework, the bloc is keen to avoid further escalation as diplomatic negotiations continue behind the scenes.
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