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Checking out Down Under: Why corporate Aussie giants are shipping support roles overseas

  • Coles Group confirmed plans to shift up to 1,000 back-office roles to India through a multi-year partnership with Accenture.
  • Corporate overhead costs and multi-million-dollar technology investments are driving major ASX-listed firms to target lower international labour expenses.
  • Offshoring strategies face rising competition from global digital platforms like Amazon alongside public backlash over local job losses.
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Cryptocurrency

Three men charged in US over alleged Bitcoin kidnap plot

The US Attorney's Office for the District of Connecticut has charged three men from St Louis — Sedric Louis, John Davis, and Martel Williams — with conspiracy to interfere with commerce through robbery, alleging they plotted to break into a residence and force victims to transfer cryptocurrency linked to a multi-hundred-million-dollar Bitcoin (CRYPTO:BTC) theft.

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Insights

Streaming growth clashes with traditional media pressure

  • Warner Bros. Discovery (NASDAQ:WBD) reported Q2 2026 revenue of $8.72 billion, down 11% year over year, with diluted EPS of $0.06.
  • Streaming revenue increased 10% to approximately $3.1 billion and segment EBITDA rose 75% to $512 million, while Studios and advertising revenue declined.
  • Media companies are managing shifts from traditional television toward streaming, while facing content costs, advertising changes, and regulatory scrutiny around consolidation.
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Insights

Bitcoin’s mining rebound puts rival proof-of-work networks in focus

  • Bitcoin miners generated US$875.35 million in July, up US$38.93 million from June’s US$836.41 million.
  • Bitcoin hash price rose from US$29.01 to US$31.59 per PH/s over 30 days, improving revenue from computing power.
  • Higher mining difficulty, BIP-110 signalling and competition for computing power remain key pressures across proof-of-work networks.
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Insights

Samsung’s stablecoin push puts five digital dollars in focus

  • Samsung Electronics plans native stablecoin support through Samsung Wallet as its Galaxy AI device base targets 800 million.
  • USD Coin (CRYPTO:USDC) had US$72.3 billion circulating on 27 July, while PayPal USD (CRYPTO:PYUSD) recently exceeded US$2.6 billion.
  • Samsung has not confirmed the stablecoin, blockchain, custody model, eligible markets or launch date, leaving the final distribution model unclear.
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