Atlassian, Qantas and Deepfake Fraud

Australian News

• NSW introduces a 'youth voice' to involve Millennials and Gen Z in housing policy decisions, addressing affordability and intergenerational inequality. LINK

• Australia's total government debt is projected to reach $1.4 trillion, equivalent to 58% of GDP by 2027. LINK

• Streaming giants face a showdown with the Albanese government over proposed local content quotas, potentially conflicting with Australia's free trade agreement with the US. LINK

• New vehicle efficiency standards will be introduced in Australia to set emissions targets for new cars. LINK

• Insurers currently hold the upper hand in disputes over flood damage claims, as a parliamentary inquiry highlights issues with expert reports and coverage definitions. LINK

• Australian Medical Association, Cancer Council and Diabetes Australia are pushing for 20% sugar tax on manufacturers. LINK

Global News

• A second live export vessel receives approval to navigate through the Red Sea amid ongoing security concerns. LINK

• Parisians vote to increase parking fees for SUVs as part of the city's green initiative ahead of the Olympic Games, despite low voter turnout. LINK

Company News

• Google plans to rename Bard as Gemini. LINK

• St Hilliers, a major building company, has entered voluntary administration, pausing work at 21 construction sites while finances are assessed. LINK

• Atlassian shares fell 9% in after-hours trading due to concerns over slowing cloud sales, erasing over US$5 billion from its market cap. LINK

• Lakeba, a Sydney tech firm, is revolutionising document verification in Australia's financial sector, significantly reducing processing times with AI technology. LINK

• Qantas escalates a dispute with Network Aviation pilots to the Fair Work Commission after failed work agreement negotiations. LINK

• Appen CEO exits after a year of attempting to turn around the company, as the company share price hits an all time low. LINK

• Qantas pilots in Western Australia to strike, impacting regional flights and mines, as the airline seeks a resolution through new labour laws. LINK

• Volvo Cars sales rise 10% YoY in January. LINK

Other News

• A Hong Kong-based firm's employee was tricked into paying US$25M to fraudsters who used deepfake tech to pose as the company's CFO and staff during a video call. LINK

• The plant-based Connoisseur hazelnut chocolate ice cream has been recalled from major supermarkets because it has milk in it. LINK

• Taylor Swift won the Grammy award for album of the year for an unprecedented 4th time. LINK

This Week’s Top Picks

• Metcash plans to raise $300 million to fund the purchase of Superior Food Group and two hardware sector acquisitions. LINK

• Competition among Australia's largest banks for new mortgage customers is diminishing, with regional banks expected to face market share declines. LINK

• AU weekend auction clearance rate had its second-best start since 2008, but an influx of listings could temper the market's robust start. LINK

• Deaths in residential aged care in Australia more than doubled in January amid a Covid-19 spike. LINK

• Australian wine exports decline in value and volume as global trends show reduced alcohol consumption, with hopes for a lift on Chinese tariffs. LINK

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