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- Airbnb Tax Evasion, Woolies Cuts Prices, and Kangaroo Roadkill
Airbnb Tax Evasion, Woolies Cuts Prices, and Kangaroo Roadkill
Skyscanner reveals Aussie travel preferences, Putin's 100% re-election, and New Delhi's air pollution.
Pick & Scroll News
November 08, 2023
One Read, All Perspectives
Australian News
The RBA raised the cash rate for the 13th time to 4.35%. LINK
A surge in collisions between cars and kangaroos by 32% during September and October prompts insurers to urge motorists to exercise caution on Australian country roads. LINK
Mortgage customers negotiating with their banks can secure significant interest rate reductions, averting nearly $2,400 annually on a $500,000 loan. LINK
Brisbane City Council's recruitment campaign successfully hires over 400 new bus drivers to address the shortage, ensuring the delivery of about 99.8% of scheduled bus services. LINK
A trial by AGL Energy and the Australian Renewable Energy Agency suggests the anticipated strain on the electricity grid from electric vehicles may be lesser than expected, as EV sales surge. LINK
The extension of industrial action at DP World terminals by the Maritime Union of Australia has led to shipping vessels skipping ports and misrouting cargo, escalating costs for customers to retrieve their goods. LINK
Skyscanner data reveals a shift in Aussie travel preferences towards Japan and China, with cities like Osaka and Chengdu witnessing a fourfold increase in online searches for flights and accommodation for 2024. LINK
Global News
India’s New Delhi's initiates a vehicle restriction to tackle the ongoing dangerous air pollution. LINK
Vladimir Putin reportedly seeks re-election in 2024, indicating a likely extension of his regime till at least 2030 amidst a backdrop of minimal political opposition. LINK
China's October trade data reveals unexpected growth in imports and a quicker pace of export contraction. LINK
Company News
Woolworths announces a 20% price cut on 26 Australian lamb products as a pre-Christmas relief for families, reflecting a response to oversupply in the meat industry. LINK
An Italian judge orders the seizure of €779.5M (~A$1.3B) from Airbnb's European headquarters over alleged tax evasion. LINK
Meta restricts political campaigns and certain advertisers from utilising its new generative AI advertising products to mitigate the risk of election misinformation. LINK
OpenAI's Autopilot showcases the first-ever AI to AI contract negotiation, hinting at a future where artificial intelligence could autonomously handle legal agreements with human oversight. LINK
Nintendo experiences a sales and profit boost driven by the "Super Mario Bros. Movie" and its flagship Zelda game. LINK
Medibank and Amazon adapt to hyper-localisation strategies to enhance customer satisfaction and operational efficiencies. LINK
Vitasoy Australia anticipates its highest yearly production as consumer preference shifts towards plant-based milk alternatives. LINK
UBS faces its first quarterly loss in nearly six years due to the ongoing integration of Credit Suisse. LINK
AustralianSuper experienced the highest number of complaints among retirement funds last financial year, with a total of 1,750 grievances. LINK
WeWork plans to cut down its space in three Australian locations while ensuring to keep all 15 local hubs operational. LINK
Klarna reported its first quarterly operating profit in 4 years, driven by a surge in consumers using its 'buy now, pay later' loans. LINK
British fintech Revolut sees a boost in Australia due to the recent migrant wave as it aims to expand its business, seeking a bank license and establishing a stronger market presence. LINK
Other News
An increasing trend of 'health and well-being' breaks is emerging, with more individuals openly communicating these breaks to employers. LINK
This Week’s Top Picks
The Cheesecake Shop unveils a multimillion-dollar rejuvenation strategy, encompassing a new logo, TV commercial and store fit-outs, aimed at evolving from a celebratory event shop to a go-to dessert business for various occasions. LINK
Flybuys experiences a surge in point redemptions throughout 2023 as households leverage the scheme amidst rising living costs. LINK
October saw a 43% leap in company collapses in Australia, partly due to an aggressive tax office and impending interest rate rises as the holiday slowdown approaches. LINK
Small to medium businesses (SMBs) in Australia face heightened cyber attack risks. LINK
An increasing number of millennials are migrating from cities to regional areas in Australia. LINK
Construction workers are found to be 6 times more likely to die by suicide than from work-related accidents. LINK
According to science, modern NBA players are better than the previous eras, exhibiting enhanced explosiveness in movement despite no significant increase in body size. LINK
Meta CEO Mark Zuckerberg sustains an ACL injury while training for a competitive MMA fight. LINK
Mariah Carey faces a lawsuit from singer-songwriter Andy Stone for alleged copyright infringement over the iconic song "All I Want for Christmas Is You". LINK