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AliExpress x David Beckham, Migration & NAB
Co-working spaces are increasingly moving to suburban areas
Pick & Scroll News
May 28, 2024
One Read, All Perspectives
Australian News
KPMG reckons Australia's migration strategy should now focus on full-time workers in regions with the greatest skills shortages. LINK
Valuers predict that apartments in Perth, Brisbane and Adelaide will likely outperform due to a persistent supply shortage. LINK
Foreign skilled couples, both contributing to the economy, may receive priority in Australia’s revised migration policies aimed at addressing labour shortages. LINK
Although Queensland has reduced public transport costs, concerns remain over the ageing network's slow and outdated infrastructure. LINK
As hybrid working becomes the norm, co-working spaces are increasingly moving to suburban areas, offering a closer-to-home option for big company employees. LINK
Industrial microwave technology is emerging as a potential low-carbon source of heat for heavy industries, like steel manufacturing. LINK
Australia's skilled migration policy is seeing many migrants working in jobs below their qualification level, with many seeing cases of employment discrimination. LINK
Australian banks have been given a deadline until October to resolve their cash distribution issues. LINK
The NSW government has unveiled the first new train station on the Sydney Metro's City and Southwest line at Waterloo. LINK
Global News
In renewed trilateral talks, China, South Korea and Japan seek to overcome mutual distrust and revive economic and security collaborations, marking a 'new beginning' despite global tensions. LINK
The death toll from a massive landslide in Papua New Guinea has been revised to 2,000, with rescue efforts complicated by the area’s unstable terrain and remote location. LINK
Company News
Bonza's administrators are granted additional time to find a buyer for the collapsed budget airline, in a bid to rescue the company and potentially save jobs. LINK
National Australia Bank is deploying generative AI across its operations, identifying systemic risks and improving customer service. LINK
Retailers like Harvey Norman and JB Hi-Fi could see unexpected profit boosts from a new wave of AI-enhanced computing products, despite their traditional brick-and-mortar focus. LINK
Optus must release a confidential report on a major 2022 data breach, as ordered by the Federal Court, which could impact ongoing legal actions and customer trust. LINK
Netflix diverts 92% of its US$1.1B Australian revenue offshore. LINK
Country Road Group is now embroiled in a sexual harassment scandal, with executive resignations and a corporate response that includes external investigations and on-site counselling for staff. LINK
Lendlease is making a retreat from international markets, focusing on core operations in Australia to stabilise its financial position amid significant write-downs. LINK
NSW's Stevens Construction enters voluntary administration, halting numerous projects and affecting the state's construction landscape significantly. LINK
AliExpress has signed David Beckham as a brand ambassador, as it plays catch-up with rival Temu. LINK
This Week’s Top Picks
Picky eating is linked to poorer cognitive performance compared to those with diverse diets. LINK
Queensland introduces a radical 50 cent flat-rate public transport fare to encourage use and ease road congestion, starting in August for 6 months. LINK
The US bans imports of poultry from Victoria due to an avian influenza outbreak. LINK
Australian insolvency rates are on track for their worst period since the Global Financial Crisis, with the increase in business failures predicted to continue. LINK
How do you see the future of travel shaping Australia?
Recent data is showing that international travel is now surpassing pre-pandemic levels with domestic travel still catching up.
Despite increased capacity, domestic air travel has not fully recovered, particularly on routes like Sydney to Melbourne, reflecting ongoing adjustments in corporate and leisure travel post-pandemic.
In contrast, international travel has shown robust recovery, with passenger volumes on the AU East Coast reaching or even surpassing FY19 levels.
There has also been a stable rise in airfare prices as travel dates approach and demand picks up.
What are we liking?
International traffic on the East Coast is now at 100% of pre-pandemic levels, with Melbourne often exceeding these figures.
Increase in strategic capacity adjustments by airline.
What's been challenging?
Ongoing struggles in domestic travel recovery.
Airlines need to adapt to an altered corporate travel landscape.
The focus will likely shift towards enhancing international travel routes and reevaluating domestic strategies to align with new travel norms. The resilience and adaptability of airlines and travel companies will be crucial in capitalising on these trends.
