Hanson lauds Trump policy; Emirates sleep hack; Kimi K3 demand overwhelms owner
Published: July 21, 2026
Hanson lauds Trump policy; Emirates sleep hack; Kimi K3 demand overwhelms owner
News in brief
Rest Super wants to standardise portfolio and product names across the $4.5 trillion retirement savings sector, saying current conventions are too confusing for members.
Lithium prices fell six per cent yesterday in the biggest one-day fall since the beginning of the US-Iran war. Some lithium prices are down 25 per cent since May.
Chinese AI startup Moonshot has suspended new subscriptions to its Kimi K3 model due to demand. The new large-language model promises to compete with AI models of Anthropic and OpenAI and be much cheaper.
Fighting in the Middle East continues, and while there’s no official comment, it’s clear the ceasefire is over. Nearly 100 US service members have been injured in the last two weeks of the war in Iran, the Pentagon said, including at least three deaths.
Emirates is promising a revolutionary headrest on its flights, which will stop passengers from falling forwards and sideways when sleeping on a plane. The U-Dream headrest, made by a group called Safran Seats, is one of the most significant innovations in economy cabins since the flexible side wings on seats were introduced, the airline claims.
Fear-o-meter
One Nation has again rebounded in some polls and if this trajectory continues, it is expected to do well in state elections in Victoria later this year, and NSW early next year. Pauline Hanson was in Perth yesterday, and like her or loathe her, she has plenty of fans of her plain spoken wisdom.
The other main player in the party is Barnaby Joyce, the former deputy prime minister who joined One Nation earlier in the year.
He was in the news yesterday after his interview on ABC’s 7:30 program on Monday night, where mid-interview he shouted at his dog. It was a bad look. That aside, he seems to be the person picking up after Pauline Hanson.
That’s ironic given he used to be the flame thrower in the coalition and now he is the fire douser. Over the past few days, Joyce has spent plenty of time trying to explain and rationalise comments from Hanson, particularly over the White Australia policy and mass deportations.
The challenge for Joyce is that One Nation is now being at least considered by mainstream Australia. Joyce is no political fool, and he knows the party needs to look sensible, at least sometimes. It doesn’t want a controversy every day. It’s not an easy task.
Fear & Greed Q+A today
On whether the release of the Kimi K3 model by Chinese AI company Moonshot is another DeepSeek moment, and why more businesses are starting to consider Chinese AI models as rivals to OpenAI and Anthropic:
"China is investing a lot in AI. Large language models are just part of it. It's investing in hardware, in chips, in robotics, and also in video models as well.
If you look across the spectrum, I would rate China's robotics at the top. I would rate China's video models at the top. Then when it comes to coding and knowledge work, that's where US models like Claude and GPT have been at the top.
The impact of Kimi K3 is that it starts challenging those US models in that knowledge-work and coding arena as well."
One Nation leader Pauline Hanson says she’s willing to work with the Liberals and Nationals to defeat the federal Labor government and said she has what it takes to be prime minister. But she doesn’t want to be included in any Coalition cabinet.
Hanson has just returned from a European holiday where she spent time with Australia’s richest person Gina Rinehart and with British far-right activist Tommy Robinson.
She wouldn’t say who funded her trip, other than it was not the taxpayer, and she applauded Rinehart as a great Australian.
Hanson said she agreed with how Donald Trump has handled illegal immigrants and suggested she would use it as a template to tackle the number of people living in Australia without valid visas.
Hanson also said she wouldn’t describe her politics as extreme, and she wants to embark on a listening tour around the country.
Greed-o-meter
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Who's spending all the money in the AI boom right now, and who's making it? Take a look at the difference in cash flow estimates for the AI hyperscalers (Amazon, Alphabet, Meta and Oracle), compared to the semiconductors (Nvidia, Micron, Broadcom, Applied Materials).