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Business

the Chook Super Fund has landed in the doghouse

The fund has stuck with Mawson and Iris in the belief they will recover. It was remarkable that Iris said this week it earned revenue of $21,823 for each bitcoin mined in July, and it cost $8836 to mine each bitcoin.

The fund has taken a point on decentralized finance with an investment in the DACM Global Digital Asset Fund run by former JP Morgan banker, Richard Galvin.

Also, the fund has invested in a start-up founded by Bryce Leske and Alec Renehan called Equity Mates, which specializes in podcasts for young investors. Its revenue rose 177 per cent in the year to June and its total audience increased 39 per cent compared to the previous year.

The trustees of the fund have benefited from the paid advice provided by Charlie Viola at Pitcher Partners. He recommended the strategy of increasing the proportion of unlisted assets in the fund.

This worked in 2022 because these assets were negatively correlated to markets. Selected assets and their returns were: Elara Village 5 per cent, Kingsmede Brisbane Industrial Trust 29.87 per cent, Stirling Northumberland St 14.61 per cent, Acure Northwest Plaza 7.58 per cent and JP Morgan Global Transport fund 6.23 per cent.

The fund will continue to add real assets to the portfolio to achieve greater diversification and higher income.

Domestic shares did reasonably well thanks to the performance of Macquarie Group, Transurban and Atlas Arteria. They generated an above market return and in one case it was because of good luck.

Atlas Arteria soared in June and ended the 2022 financial year with a share price gain of 30 per cent thanks to interest from IFM Investors, which has taken a 15 per cent stake. IFM indicated it might make a takeover offer, but walked away.

The inherent focus on growth in the fund has worked out well in the past six weeks. Rising share prices here and overseas have meant the fund has made up about two thirds of the losses in the last financial year.

Over the long term the fund has beaten its benchmark. Media Super’s balanced fund has returned 8.7 per cent a year over the past 10 years compared to the Chook Super Fund’s 9.89 per cent return per annum over the past 11 years.

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Technology

Samsung Galaxy Watch 5 vs. Google Pixel Watch — which smartwatch could win?

We’re anticipating a high-stakes showdown between the Samsung Galaxy Watch 5 vs. Google Pixel Watch this failed. After all, whichever is a better Wear OS will determine what’s the best smartwatch for Android for the year.

The recently-announced Samsung Galaxy Watch 5 has a lot going for it. It has a new skin-temperature reader, more scratch-resistant display and 50 hours of battery life. The Samsung Galaxy Watch 5 Pro, meanwhile, has 80 hours of battery life to power through outdoor sports.

Categories
Entertainment

Australian brand Quay inks massive deal with Love Island UK and US

An Australian brand is celebrating record sales after landing a huge partnership with one of the UK’s most popular reality shows.

More than five million Brits tuned in to watch Love Island this year – the show’s biggest audience since its launch in 2015.

It’s since become a global phenomenon, with audiences around the world including Aussies and Americans, becoming obsessed with the bikini-clad dating show.

It’s because of this, sunglasses brand Quay Australia, decided to collaborate with the culturally iconic series – designing a range worn by the “islanders” during the eight-week show.

And after seeing how girls and guys in the villa rocked the sunglasses, shoppers were quick to snap them up, the brand’s CEO Jodi Bricker told news.com.au.

“Since the show has begun, we’ve seen a lot of excitement from our customers on the partnership, globally,” she said.

“In the UK, we’ve seen a spike in traffic each night the show airs and double-digit growth in traffic since last month.

“The styles the islanders have been loving are also influencing our customer’s choices – the top five selling styles in the UK in June have all been worn on the show.”

It’s a huge result for a brand born from humble beginnings in Melbourne in 2004 and comes after it was sold by the original founders, Linda and Allen Hammond and their son Zak, to Boston-based private equity firm Summit Partners in April last year.

As a result, the Quay team wanted to push the brand to new heights, choosing to sponsor the show to increase its brand awareness outside of Australia.

“Sunglasses are a staple on Love Island and Quay sunnies have been worn nonstop by islanders every season,” Jodi explained.

“We know our community loves the show and has been influenced by islanders such as Amber Gill, Cartier Surjan and Caroline Viehweg, who all wore Quays on previous seasons. “As we advanced our marketing strategy this year, we knew we wanted to test a new approach to collaborations with an integrated broadcast partnership, while giving our fans the best specs of their lives with a fun new collaboration collection.”

More than 25 different designs were proudly worn on-screen, including several polarized sunnies, priced between $85 and $120 – and the brand’s current bestsellers, the $85 “High Key” aviator style frames.

“We launched the Quay x Love Island collection with 16 styles that our product team designed and curated with the islanders, location and show as their muse,” Jodi said.

“Once casting was underway, the islanders were given a wide selection of sunnies to choose from – bestsellers, polarized staples, and new summer drops with vibrant pops of colour, including our official collection.

“They have all been styling themselves as they enter the villa, and we love what they’ve been wearing.

“We also get the heads up from the ITV team on special requests from islanders or events they are planning, such as the blue party, and regularly send new options to the villa for the islanders to try.”

One of the things Jodi said the brand had enjoyed so much about the partnership was seeing how the islanders wear the products, revealing there’s been several surprises during this season.

“We’ve certainly been entertained by Davide rocking his Quay sunnies over his prescription glasses,” she said.

“We offer prescription glasses and sunnies in the US, so the team is dying to get their hands on his prescription to help him solve that problem.

“We also love seeing the islanders pop sunnies on in bed, as the first step in their daily morning routine.”

While the UK season has just concluded, with Davide and Ekin-Su winning the crown, Quay is also sponsoring the US version which has just kicked off and is airing on Channel 9.

“New styles are being added to the collection each week as they appear on air, so be sure to check back regularly,” she said.

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Categories
Sports

NRL Rich 100: Rugby league’s highest paid players revealed

North Queensland, Cronulla and Brisbane have built their premiership revival on a shrewd recruitment drive that has transformed the NRL trio from title pretenders to finals contenders.

Just 12 months ago, the Cowboys, Broncos and Sharks were clubs under pressure to get results after bombing out of finals contention, with the Queensland duo finishing in the bottom three.

But News Corp’s exclusive, annual NRL Rich 100 has laid bare how clever recruitment strategies have catapulted the Sharks, Cowboys and Broncos back into premiership contention.

The five buys of the season — Adam Reynolds and Kurt Capewell (Broncos), Dale Finucane and Nicho Hynes (Cronulla) and Chad Townsend (Cowboys) — have produced stunning results for their respective clubs.

NRL Rich 100: The Origin stars snubbed from list

CHECK OUT PART ONE OF THE NRL RICH 100 BELOW

And the cost has been far from a salary cap-busting experience.

The Broncos outlaid a combined $1.35 million for premiership-winning duo Reynolds and Capewell. The Sharks forked out $1.25m to lure Storm pair Finucane and Hynes to the Sutherland Shire, while North Queensland’s $710,000 investment in Townsend, who steered Cronulla to the 2016 title, has paid handsome dividends.

There were huge question marks on Townsend’s Townsville gamble. Critics of the playmaker believed that, at 31, he was washed up and hurtling toward disaster in the tropics.

But after a one-hour meeting in a Sutherland Shire cafe, Cowboys bosses knew Townsend would be the right fit. Their purchase has been vindicated, with Townsend, buoyed by the Cowboys co-captaincy, turning back the clock to pilot North Queensland into the top two.

At No.44 in the Rich 100, Townsend has delivered bang for his buck.

“Chad has been boots-and-all in since day one,” Cowboys football boss Micheal Luck said.

“The first time we met Chad, we were confident he was the guy we needed.

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“Todd (Payten, coach), myself and Dane Campbell (recruitment chief) met with Chad in a cafe in Caringbah and for me to watch Chad and Todd talk for an hour, it was like two coaches having a yarn about footy.

“We did our homework on Chad with guys who had played with him. The feedback was we needed a composed on-field general who didn’t get too concerned about what was happening around him.

“He has been great for our group. He has been the ultimate pro and a great mentor and teacher for Tom Dearden (five-eighth partner).

“There are a whole heap of ways to put a roster together and we have taken the approach of trying to get as many guys in there that can contribute and contribute now.

“Chad was exactly what we were looking for as a playmaker and leader.”

At the Sharks, hardworking lock Finucane and cool-headed playmaker Hynes have injected a winning DNA.

CHECK OUT PART ONE OF THE NRL RICH 100 BELOW

After finishing ninth last season, Cronulla turned to a new coach in Craig Fitzgibbon and the rookie NRL mentor believed Finucane and Hynes could bring a fusion of steel and tactical smarts to the Sharks.

The formula has worked — at the right price. Finucane is 66th in the Rich 100 at $625,000, while Hynes is ranked No.72 at $600,000, outstanding value given his remarkable transition from Storm supersub to Cronulla’s main man at halfback.

“I had a relationship with Craig Fitzgibbon since playing under him with Country and NSW Origin, so that’s what drew me to the club,” Finucane said.

“I was involved in grand finals and premierships, so it’s no secret that it was hard to leave Melbourne.

“But I’ve enjoyed my time at the Sharks. It’s an opportunity to be part of helping mold what the club wants to be moving forward.”

Reynolds and Capewell have had a similar impact at the Broncos.

After finishing 14th last year, Brisbane were crying out for leadership and a seasoned playmaker to steer the ship.

Capewell’s premiership know-how is worth every cent at $550,000, while Reynolds has repaid Brisbane’s $800,000 outlay by delivering a finals campaign in his debut season at Red Hill.

“The best way to describe our list is well balanced,” Broncos football boss Ben Ikin said.

“’Reyno’ has this great mix of competitive drive and fun in him and Capewell drives our standards, he isn’t afraid to call out blokes if they are cutting corners at training.

“We constructed a plan on how we wanted our roster to look. Throw in guys like Reynolds and Capewell, guys who have been in big games and won premierships, and we have a nice balance.”

Canterbury’s decision in November 2020 to sign Matt Burton, after just six NRL games with Penrith, to a deal worth $550,000 this season, has been a master stroke.

Although the Bulldogs have struggled this season, Burton’s rise at five-eighth has earned him plenty of plaudits. The 22-year-old is able to negotiate with rival teams for 2024 from November 1, when he will be able to command around $800,000 for his next deal.

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Categories
Australia

Alone but not lonely: the solo activities that help foster connection | Health & wellness

When we feel lonely, our first instinct is often to withdraw. “There tends to be shame around loneliness, so we tend to hide and avoid,” says Dr Alison Mahoney, a psychologist at Sydney’s St Vincent’s hospital. “Which only perpetuates loneliness… you disconnect further.

“There’s a myth that there’s something inherently weak with feeling lonely, but in fact, it’s universal.”

Loneliness arises when the quantity and quality of social relationships fall short of our needs; you can feel lonely when you’re not alone – but you can also be alone but not lonely. Ending Loneliness Australia, an organizational network aimed at fostering social connections, estimates one in four Australian adults is lonely.

“It’s not a weakness at all,” Mahoney says. “We get hungry, we need food. We need connection and loneliness tells us that.”

While arranging a quality catch-up on short notice isn’t always possible, it is not the only solution when feelings of loneliness arise.

Sharon Westin holding a paint brush.
Sharon Westin says that for her, painting has an almost meditative quality. Photographer: Sharon Westin

Getting into a flow

Melburnian Sharon Westin separated from her husband during the pandemic. Now her teenage sons de ella live with her every second fortnight. On the weeks without her children, “I often feel lonely,” she says.

“I can go days without speaking to anyone, with most of my daily work done by email. Now I’m single, whereas most friends are in partnerships or have families to run. I feel a little bit on the outer in that respect as well.”

The graphic designer finds her art practice is a balm in those moments. “Painting gets you into a state of flow, like meditation,” Westin says. “The act itself relieves any loneliness I may be feeling.”

Studies conducted during the pandemic with international students and retirement home residents in Taiwan found that activities which allow people to experience a sense of mastery and autonomy – ie flow – are associated with decreased feelings of loneliness. In a state of flow, people become so absorbed in an activity that they lose track of time. A flow state requires a task that is ideally just challenging enough, and provides clear goals and feedback.

In addition to offering short-term relief, finding only activities you love can serve a deeper purpose. “Reflective time alone – exploring hobbies, your passions, your values ​​– can help you get in touch with yourself,” Mahoney says. “When you know who you are, it’s easier to connect with people in a genuine way.”

Keeping nature’s company

Adrian Allen, psychologist at Healthy Mind Clinic in Sydney, says activities like walking and hiking are known to have mental health benefits, and may help shift “attention away from internal feelings and thoughts about being lonely”.

A 2021 study in Nature found people are more likely to feel lonely in dense, crowded areas, but a connection with the natural environment can help those feelings subside.

This is something Hayley Iluka can relate to. Iluka, a teacher, was once an avid surfer but stopped in her 40s. Multiple battles with cancer and other traumatic experiences earlier in life had left her with post-traumatic stress disorder, depression and anxiety. Every time she faced the water, “my PTSD was telling me, everything is going to kill you.”

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Although Iluka had a supportive family, she also grappled with paralyzing thoughts in social situations. “I’d think, ‘you’re a waste of space, no one wants to sit with you’. I really isolated myself.”

As she entered her 50s, she decided to get back on her board, initially through attending standup paddle boarding lessons alone. Even when her first lessons from her triggered panic attacks, she persisted.

“The beach has always had good feelings for me,” she says. From standup paddle boarding, she progressed back to surfing, and the Waves of Wellness program, a mental health charity that offers “surf therapy” – a combination of surfing and group therapy. She started attending sessions, and it was here that she found her her “tribe”; a group of fellow surfers she now socialises with regularly.

“You’re just in the moment, that’s the beautiful thing about surfing,” Iluka says. “You actually can’t think about anything else. You’re watching the ocean, the waves. You can’t be stuck in that cycle of negative self-talk because you’ve got to watch what’s coming.”

making meaning

When Graham Wynn, 61, separated from his wife of 20 years, he found himself increasingly socially isolated. His family of him were based in the UK, but he lived in Australia.

“Twenty years we were together and when that ends, you start to think, ‘Was it me? Will somebody else want me? Am I good enough?’”

At first, Wynn found distraction through things like crossword puzzles and reading. But he felt a need to give back.

Graham Wynn volunteering at animal charity Edgar's Mission.
Graham Wynn volunteering at animal charity Edgar’s Mission. Photograph: Graham Wynn/Supplied

“I’m really cautious about who and what I donate to,” he says. I have spent a lot of time researching organisations, and found that animal shelters would often hold fundraisers when an animal in their care needed veterinary surgery. Spending time online seeking out and contributing to those causes became almost a hobby for him. It felt good, “doing something meaningful like this, without even going anywhere,” he says. “It helped a great deal during that loneliness period.”

This pastime lead him to Edgar’s Mission, a shelter in his area that holds regular volunteering and open days. Turning up to the shelter alone was a little intimidating at first. “I didn’t know what to expect,” he says. “But once you’re thrown a pitchfork and a spade, it passes quickly!”

Mucking out pig styes, painting fences and weeding thistles so animals wouldn’t stand on them helped his world open up as he interacted with others during shifts. “I think volunteer work really does help when you’re lonely … it gives you a sense of self-worth.”

Allen says experiences like Wynn’s are common. In addition to providing social contact, volunteering fosters “a sense of inclusivity and social cohesion that can help ease loneliness. It can also help promote a sense of meaning, purpose and self-esteem by contributing to others or to causes that are bigger than the self.”

Wynn says: “That’s how I moved forward. I got my confidence back… I started believing in myself again.”

Categories
Business

Tech companies offer lavish perks despite lay-offs

A hefty suite of employee perks remain at trendy start-ups, despite some companies recently laying off significant numbers of staff.

Melbourne link-in-bio site, Linktree, has continued its lavish offerings despite this week laying off 17 per cent of its staff – about 50 people – the Sydney Morning Heraldreported.

Remaining employees have access to above market wages and a $6000 lifestyle payment they can use on fitness items including yoga classes or a new bike.

The planned shift into a trendy new office in Melbourne’s Collingwood will also go ahead, despite the company’s forecasted growth not eventuating.

“To meet the needs of our users throughout the last year, we scaled many of our functions, made some big bets and set ambitious hiring targets to meet them. I assumed the favorable economic environment would persist into 2022,” chief executive Alex Zaccaria wrote in a blog post this week.

“Instead, conditions changed faster than expected and those assumptions I made were wrong. I have many learnings to take into the next phase of building Linktree. That next phase involves narrowing our focus on our long-term strategy by reducing roles that are no longer aligned with our roadmap.”

In support of employees likely shocked at the lay-offs, the company gave all staff a mental health day on Friday.

“For a company like ours, so focused on culture and camaraderie, this will be difficult news. I don’t expect anyone to be their normal selves. We will also be allocating you an additional mental health day that you can take at a time that suits you,” Mr Zaccaria wrote.

Elsewhere, despite a round of lay-offs at Sydney blockchain start-up Immutable, it is offering staff a bonus of up to $16,000 if they refer a new employee.

Healthcare start-up Eucalyptus, which is behind the Software, Pilot and Juniper brands, made about 20 per cent of its workforce redundant last month but has upheld its free food and drinks offering.

Online graphic design company Canva, which had its value cut by about $20 million by investors, has also maintained its free meals and will still offer its annual Vibe & Thrive allowance that employees can claim for “whatever best supports their wellbeing”.

It can be spent on anything from health memberships to celebrations, wellbeing and education.

Industry sources who spoke to the Sydney Morning Herald anonymously said companies were saving money by offering employee perks rather than increases to their salaries.

“Free kombucha is way cheaper than paying an extra $40,000 in salary to someone who wants to work somewhere cool,” one told the publication.

While labor shortages still present a threat to the technology industry, supply has crept up on demand, largely due to talented people being let go from major companies, talent marketplace Expert360’s Bridget Loudon said.

“There are more talented engineers at the moment. This is largely driven by lay-offs in the tech sector from the majors to earlier-stage companies,” she told the publication.

Industries across Australia have resorted to offering thousands of dollars in incentives to secure staff, with people in high-demand areas such as healthcare, trades, transport, retail, manufacturing and logistics receiving thousands of dollars in cash bonuses.

They range from $1000 to $15,000 across the country, with one Grill’d franchise saying it was ready to pay prospective store managers $10,000 just to sign on.

McDonald’s Chatswood store manager Rhys Taylor told the Australian Financial Reviewthat incentives were advertised on in-store posters, with the fast-food chain losing staff quicker than they could be replaced at some stores.

Last month, the Australian Retailers Association announced that the post-pandemic worker shortage had worsened over autumn.

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Categories
Technology

Oppo Watch 3, Watch 3 Pro launched in China: Here’s everything you need to know

Soon after Samsung revealed its new Galaxy Watch 5-series, Oppo has launched two new smartwatches in China. The Oppo Watch 3 series features two models – the Watch 3 and Watch 3 Pro. Here’s a deeper look at what Oppo’s latest wearable devices have to offer.

The Oppo Watch 3 and Watch 3 Pro are the first devices to be powered by Qualcomm’s Snapdragon W5 Gen 1 chipset. Both watches have 1GB RAM and 32GB internal storage. In addition to the first Qualcomm chipset for wearable devices, the smartwatches also feature Oppo’s in-house developed Apollo 4 Plus chip, which will help extend battery life.

Both devices have a premium design, are made of aluminum and have 100 workout modes and 150 watch faces. They also feature the same set of sensors which include an accelerometer, geomagnetic sensor, optical heart rate sensor, blood oxygen sensor, ECG sensor, ambient light sensor, air pressure sensor and gyroscope.

Connectivity options include Bluetooth 5.0, GPS/Beidou/GLONASS/Galileo/QZSS, , eSIM and NFC and offer 5ATM water resistance. For those interested in making calls, Oppo has LTE and non-LTE variants for both the Watch 3 and Watch 3 Pro.

So, what’s different?

There are some noticeable differences between the Oppo Watch 3 and Watch 3 Pro. While the Watch 3 comes with a 1.75-inch AMOLED screen with 3D glass on top, the Watch 3 Pro has a larger 3D curved 1.91-inch LTPO AMOLED screen.

Another aspect where the smartwatches differ is the battery capacity. The Watch 3 features a 400 mAh battery that Oppo claims can be charged in 60 minutes. The Watch 3 Pro meanwhile, has a larger 550 mAh battery. The higher battery capacity and LTPO screen compensates for the increase in screen size, allowing the watch to last up to 15 days when used lightly.

Without the strap, the Oppo Watch 3 weighs 31.9 grams whereas the Watch 3 Pro is slightly heavier at 37.5 grams.

Pricing

The Oppo Watch 3 starts at CNY 1,499 (about Rs 17,676) with the Pro variant starting at CNY 1,899 (about Rs 22,393). The Oppo Watch 3 is available in Platinum Black and Feather Gold while those interested in Watch 3 Pro will be able to choose between Platinum Black and Desert Brown.

Both devices are available for pre-order and will be officially available for purchase starting August 19. It is still unclear at this point if Oppo has plans to launch these smartwatches globally, so we will have to wait and see.

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Categories
Sports

Jarryd Hayne: Ex-NRL star was back in court, cheeky Instagram post

Former NRL star Jarryd Hayne has shared a cheeky Instagram post with his wife, just a day before his lawyers argued to have his bail conditions relaxed.

The former footy legend did not appear in Sydney’s Downing Center District Court on Friday as his lawyer applied to have the conditions changed ahead of a long wait to face a jury.

However, he had been active on social media in the lead up to the court matter, posting a cheeky Instagram post with his wife Amellia Bonnici.

Ms Bonnici shared a photo which revealed the former Parramatta Eels fullback had eaten several heart-shaped chocolates behind her back.

“Didn’t want to eat them all,” the Instagram post read with a thinking emoji, tagging her husband.

Mr Hayne re-posted the story with a caption: “Helping you eat clean.”

Defense solicitor Lauren MacDougall faced court on Friday morning on behalf of the former footy star, changing his bail conditions so he no longer had to report to police.

Mr Hayne did not appear in court.

Up until April, he was required to report to Merrylands Police Station three times a week, where it was relaxed to just once.

Judge Timothy Gartelmann on Friday granted Ms McDougall’s application, which was unopposed by the crown.

Mr Hayne has consistently denied the allegations.

In March, the Director of Public Prosecutions announced it would elect to try Mr Hayne a third time

The trial is set to be held at Sydney’s Downing Center District Court starting on March 6 next year.

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Categories
Business

Atlassian billionaire Scott Farquhar buys $10.85 million Central Coast house

Tech billionaire Scott Farquhar and his wife, investment banker Kim Jackson are known for having a somewhat low-key approach to their discretionary property purchases – at least among Australia’s billionaire class.

That said, the couple’s principal property investment is the $71 million Elaine estate in Point Piper (a doer-upperer at that), so it’s all relative.

Scott Farquhar and Kim Jackson are known for their low-key discretionary property portfolio.

Scott Farquhar and Kim Jackson are known for their low-key discretionary property portfolio.Credit:

But as Gina Rinehart stakes her claim to Noosa, Andrew “Twiggy” Forrest to the late Olivia Newton-John’s Gaia Retreat in Byron Bay, and Mike Cannon-Brookes claims a good part of Palm Beach, the Southern Highlands and now Dunk Island, the Farquhar-Jackson family are doubling down on the Central Coast.

Records show the co-chief executive and co-founder of software giant Atlassian has set a record for Avoca Beach of $10.85 million, which in billionaire terms could be seen as a bargain, given it was discounted from an original guide of $13 million in February .

Local values ​​have come a long way since Farquhar first bought into the market in 2010. At the time the then 30-year-old, who was living in a two-bedroom apartment in Pyrmont, bought an architect-designed house with five bedrooms on 556 square meters for $3.57 million.

The five-bedroom house sets a beachfront record for the Central Coast of $10.85 million.

The five-bedroom house sets a beachfront record for the Central Coast of $10.85 million.Credit:

Fast-forward to 2022 and the couple’s new digs – a kicked-football distance away – is another designer home with the same number of bedrooms and on the same land size, but for the marked-up price of 200 per cent more.

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Not that rising values ​​are an issue. Farquhar ranked fourth of this year’s AFR Rich List 200worth an estimated $26.4 billion, and his wealth has only improved since: the share price in the Nasdaq-listed Atlassian has soared 56 per cent to $US279.35 in the six weeks since he exchanged on the beachfront digs.

Categories
Technology

Samsung Galaxy Watch 5 has a mysterious skin temperature sensor — what does it do?

The Samsung Galaxy Watch 5 skin temperature sensor is among the top upgrades for Samsung’s new smartwatch, but what exactly does it — or will it — do?

I say “will” because the Galaxy Watch 5 skin temperature sensor won’t be operational when the smartwatch first comes out on August 26, 2022. (Here’s where to preorder the Samsung Galaxy Watch 5 and Galaxy Watch 5 Pro in the meantime.) During Samsung Unpacked, Samsung said users will be able to benefit from the feature “in the near future.”