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Ad-free Instagram, Antarctic Ice Shelf, and Russian Diamonds
More streaming platforms are cracking down on password sharing, Krispy Kreme vs weight-loss drugs, and FIFA World Cup stays with SBS.
Pick & Scroll News
November 01, 2023
One Read, All Perspectives
Australian News
Occupations including project engineers and customer service workers saw significant pay rises last year, amid a slowing economy and easing skill shortages. LINK
Sydney Airport’s passport SmartGates fail frequently, averaging 88 breakdowns monthly and delaying international arrivals. LINK
Following Netflix and Disney+, more streaming platforms are projected to restrict password sharing to increase revenue in 2024. LINK
Australia’s Cyber Security Cooperative Research Centre warns of AI data poisoning by malicious third parties. LINK
Global News
China’s factory activity contracts in October while the services sector expansion slows, hinting at a fragile economy. LINK
China increases wheat imports due to rain damage and global price drops, likely supporting global wheat prices. LINK
G7 prepares to ban Russian diamonds, affecting the global diamond industry which is already strained by US sanctions on Russia's Alrosa. LINK
Company News
Krispy Kreme faces a downgrade due to rising popularity of weight-loss drugs like Ozempic and Wegovy. LINK
Vicinity has doubled its stake in Chatswood Chase, purchasing a near-half stake for $307M, and looks to pursue a major development. LINK
Apple unveils new M3 chips and a price cut for entry-level MacBook Pro to boost sales amidst a global PC sales slump. LINK
Porsche to integrate Google Maps and Google Assistance in its future cars after ending software R&D with Volkswagen's Cariad unit. LINK
Alibaba encourages aggressive pricing for China’s Singles Day to boost sales and recover market share. LINK
Meta Platforms introduces ad-free subscription plans for Facebook and Instagram in Europe to comply with EU regulations. LINK
V8 Supercars operator reports a $2.7M loss in its first 15 months of operation. LINK
Crown Resorts faces a critical phase as it begins to recover under Blackstone ownership, with its license hanging in the balance. LINK
SBS offers ad-blocking for specific categories on its On Demand platform. LINK
CBA’s loan book shrinks for 3 consecutive months, a first in decades, due to avoidance of loss-making mortgages. LINK
Long distance rail transport provider Pacific National attributes its $59M annual loss to unforeseen floods and industrial actions. LINK
SBS secures broadcasting rights to the 2026 FIFA Men’s World Cup, sustaining its 40-year association with the prestigious soccer event. LINK
Other News
This Week’s Picks
Crypto memes surge post-Bitcoin ETF frenzy with Pepe Coin and Bitcoin experiencing significant price hikes. LINK
1 in 3 employers considers working-from-home a privilege, with some looking into differentiated pay for remote work. LINK
NAB has abandoned its promise to hike monthly mortgage repayments only on the 12-month anniversary of variable rate loans, after unexpected rapid interest rate increases. LINK
IMAX CEO Rich Gelfond has announced plans to build 37 more screens in Australia, identifying the country as an underserved market. LINK
Taylor Swift has become a billionaire following her highly successful Eras tour. LINK