News

Millions of Australians accessed their superannuation during the COVID-19 pandemic, potentially impacting their long-term retirement savings. While the early release scheme is closed, strategies exist to rebuild super, including personal contributions and utilizing the government's re-contribution scheme.

Cyclone Alfred has caused billions of dollars in damage to south-east Queensland and northern New South Wales, with the economic impact expected to be significant due to property damage, disruptions to agricultural production, and rising insurance costs. The event has also raised concerns about the increasing impact of natural disasters on Australian households and the need for better preparedness measures.

Prime Minister Anthony Albanese has pledged $3 billion to upgrade the National Broadband Network (NBN), aiming to provide faster internet speeds to homes and businesses still using slower copper wires. This move marks a return to Kevin Rudd's original plan, undoing the Coalition's decision to use existing copper, which resulted in slower internet without the promised cost savings.

GLP-1 receptor agonists, initially used for managing type 2 diabetes, have shown promise in weight loss and reducing cravings for sweets, fried foods, and even alcohol, potentially due to their impact on the brain and gut. However, further research is needed to fully understand their mechanisms and effectiveness in treating addiction.

Elon Musk reported a significant cyber attack on his platform X, suggesting involvement of substantial resources and possibly state actors, though cybersecurity professionals expressed skepticism. Experts questioned Musk's assertion, noting the characteristics of the attack indicated it was unlikely state-sponsored.