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AU's Highest Paid Job, NSW Land Tax & Nokia
China announces 15-day visa-free travel for Aussies.
Pick & Scroll News
June 18, 2024
One Read, All Perspectives
Australian News
Tasmanian power prices will see a minimal rise of 0.5%, with state and federal rebates potentially reducing overall costs for consumers. LINK
Queensland has the highest rate of hotel pool drownings in Australia, with lifesaving devices like life rings and defibrillators not being mandatory. LINK
Passive superannuation strategies at Australia's largest funds are outperforming active ones, with double-digit returns. LINK
Brisbane has become Australia's "bleisure capital," with corporate travellers extending their stays for leisure, averaging 5.2 days per trip. LINK
NSW's new land tax policy is expected to drive away property investors, with a $1.5B increase over 4 years following similar measures in Victoria and Queensland. LINK
Tech companies are focusing on cloud-based AI services to encourage consumers and businesses to upgrade ageing devices. LINK
ATO data reveals that the top 1% of earners paid nearly one-fifth of personal tax revenue. LINK
APRA has dismissed claims by smaller banks that they face the same regulation as larger banks. LINK
Social media is set to overtake TV as the top news source in Australia, prompting a parliamentary inquiry. LINK
ASIC has warned investors about the risks of crypto ETFs as the ASX prepares to launch its first Bitcoin-linked fund. 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
Global News
China announced that Australians can travel to China visa-free for up to 15 days. LINK
Global concerns about AI in newsrooms and misinformation are growing. LINK
China's industrial output growth slowed in May, with retail sales providing a bright spot amid weak domestic demand and export challenges. LINK
Company News
NAB has discontinued its stablecoin project. LINK
CBA is leveraging AI loyalty programs and new lending opportunities to challenge rivals, aiming to capture a larger share of the $20B real estate market. LINK
CBA predicts a shake-out of smaller businesses due to inflation, tepid demand, and slim cash reserves, particularly affecting property development, hospitality and retail sectors. LINK
Infratil raised $1.06B, its largest ever, to capitalise on the growing demand for data centres. LINK
A Virgin Australia plane made an emergency landing in New Zealand after a possible bird strike caused an engine fire shortly after take-off. LINK
Ampol's potential acquisition of EG Group's Australian service stations seems unlikely. LINK
Singapore’s Temasek has invested $300M in Betashares, one of Australia's largest ETF providers. LINK
Cettire has entered China's luxury goods market despite competitors withdrawing. LINK
Dan Murphy's is using AI technology to maintain its lowest price guarantee by monitoring and scraping online liquor prices. LINK
Nokia is seeing consumer reluctance to pay higher prices for faster internet. LINK
