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ANZ x Apple, GameStop & Fake Job Listings
Canva can reclaim shares from departing employees who publicly criticise the company.
Pick & Scroll News
June 19, 2024
One Read, All Perspectives
Australian News
Higher tax burdens and weaker capital gains led over 3,000 property investors to exit Melbourne in May. LINK
Apartment owners face challenges with building insurance covering electric vehicle charging facilities. LINK
Construction insolvencies are expected to level out after a significant increase recently. LINK
RBA plans to review payment regulations, potentially allowing retailers to pass on BNPL fees to customers. LINK
The NSW government will invest $5.1B in social housing, building 8,400 new and refurbished homes as part of a broader plan to construct 30,000 homes. LINK
RBA left the cash rate on hold at 4.35% but warned that government spending could stoke demand and inflation remains a concern. LINK
A looming hardwood timber shortage in Queensland could increase building costs and completion times for new homes. LINK
You can now use an online statutory declaration for sick leave without a JP signature, reducing the need for doctor visits for documentation. LINK
Companies are posting fake job listings to appear thriving and to placate overworked staff. LINK
Retirees who rent homes are significantly more worried about their financial outlook compared to homeowners. LINK
Increased taxes have made Brisbane student accommodation unaffordable. LINK
Global News
AI technology could reduce carbon emissions in the global shipping industry by 47M tonnes annually by optimising sea navigation. LINK
NATO's innovation fund will invest €1B in technologies like AI and robotics to enhance its defences, backed by 24 member states. LINK
France and Australia introduced taxes on fast fashion to address the environmental impact of cheap clothing in landfills. LINK
Bargain hunters are buying ageing, empty office buildings in the US at deep discounts due to falling property values and weak tenant demand. LINK
UK consultants face losing £3B in government contracts as both major political parties pledge to cut spending on external advisory firms. LINK
Company News
Australia Post seeks new deals with banks to fund regional banking services, warning of financial losses without increased funding. LINK
ANZ will be the first Australian bank to offer Apple's new pay later service, which replaces the current buy now, pay later offering. LINK
City Chic aims to raise $25M and just sold its American brand, Avenue, to reset its business strategy. LINK
Beach Energy plans a painful turnaround by slashing spending, costs and jobs while selling non-core assets LINK.
The US government sued Adobe, accusing it of trapping customers in subscriptions with hefty termination fees and difficult cancellation processes. LINK
Canva can reclaim shares from departing employees who publicly criticise the company, using a legal structure similar to OpenAI's. LINK
HS Fresh Food, a supplier to Coles and Woolworths, collapsed after facing tough trading conditions and underinvestment. LINK
GameStop shares fell 11.6% after CEO Ryan Cohen announced plans to operate a smaller network of stores without detailing cash use. LINK
Apple will discontinue its buy now, pay later service in the US and launch a new loan program available through Apple Pay. LINK
Adidas shares fell 4% amid an investigation into corruption allegations in China following an anonymous letter. LINK
Buildcorp signed up to the CFMEU NSW’s industry agreement with a 22% pay rise, followed by Aqualand and Roberts Co. LINK
This Week’s Top Picks
China announced that Australians can travel to China visa-free for up to 15 days. LINK
Passive superannuation strategies at Australia's largest funds are outperforming active ones, with double-digit returns. LINK
Surgeons are Australia's highest-paid professionals, earning over $480,000 annually. LINK
Building inflation is set to surge again driven by rising wages, increased demand for materials, and transitions to lower-carbon alternatives. LINK
Qantas is offering discounted business class and premium economy seats on international routes for the first time in 5 years. LINK
ANZ is implementing a new policy allowing wealthy customers in 145 postcodes to borrow up to 95% of a property's value without mortgage insurance. LINK
