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Aussie Job Satisfaction & Convenience Store Gold Bars
Apple launches 4 new iPad models featuring the M4 chip.
Pick & Scroll News
May 09, 2024
One Read, All Perspectives
Australian News
Victoria shifts homebuyer grant responsibility to federal government, ending its $2 billion state-based scheme and putting pressure on Canberra’s Help to Buy policy. LINK
Workplace engagement declines, as Australian employers face slipping job satisfaction and motivation among workers. LINK
Nurses push for expanded roles in healthcare, aiming to address skill shortages and enhance their impact in primary care settings. LINK
Renewable energy transition demands new workforce skills, with the need for diverse training and qualifications as Australia shifts to low-carbon solutions. LINK
Australian military faces 'low preparedness' amid regional tensions, with Defence chiefs calling for an increased focus on workforce readiness and enhanced space capabilities. LINK
Global News
Global property market entering a 'new normal', with recovery in office values underway as companies reoccupy spaces post-pandemic, led by green building demand. LINK
Japan restricts tourist access to overcrowded sites, responding to a record-breaking influx of 3.08 million visitors in March 2024 by barring tourists from certain traditional areas. LINK
South Korea's convenience stores are now selling gold bars, with significant sales predominantly to customers in their 30s. LINK
UK airports face delays due to Border Force tech issues, with major airports like Heathrow and Gatwick experiencing long queues at passport control. LINK
Company News
AstraZeneca discontinues COVID-19 vaccine, citing declining demand and the availability of updated vaccines. LINK
Qantas reaches 90% on-time performance, returning to pre-COVID-19 capacity levels. LINK
Goodman Group forecasts strong growth from data centres, with earnings rising as it expands into global logistics and tech infrastructure. LINK
TikTok challenges US ban in court, arguing the forced sale or ban breaches free speech rights and highlighting the app’s wide US user base. LINK
Global food giants including Mars, Nestle and PepsiCo warn of high manufacturing costs in Australia, highlighting challenges to the government's local production goals due to rising energy prices and wages. LINK
Star Entertainment poaching Crown employees with a new jobs portal and offers incentives like relocation packages. LINK
Qantas sees a surge in point redemptions following the introduction of Classic Plus reward seats, with over 6.5 billion points spent on flights in just 4 weeks. LINK
Apple launches 4 new iPad models featuring the M4 chip, marking a major update in its tablet line and setting a new standard in performance. LINK
Reddit reports strong first-quarter earnings, with a 48% revenue increase fuelled by significant growth in ad sales, outpacing major competitors. LINK
BMW expects a slight drop in pre-tax profit for the year, citing increased costs and lower used car prices. LINK
Disney faces challenges as traditional TV revenues decline, overshadowing a surprise profit in its streaming division. LINK
Meta Platforms introduces AI-driven ad tools, enabling automatic creation of image variations and text overlays. LINK
Westpac alleges decade-long Ponzi scheme by a Sydney market stall, suing for $15 million lost to falsified revenues and invoices. LINK
OpenAI introduces a new tool to detect DALL-E 3-generated images, aiming to address the spread of AI-created content during elections; the tool boasts a 98% accuracy rate in internal tests. LINK
Microsoft announces significant cuts to its gaming division, as it grapples with a slowdown in the gaming industry. LINK
This Week’s Top News
Baby Boomers' spending habits have shifted towards supporting family financially, despite maintaining overall spending levels. LINK
Student visa appeals surge, with a significant increase in applications at the national appeals tribunal as rejected visa holders seek to extend their stay in Australia. LINK
European intelligence agencies report that Russia is escalating covert sabotage activities across Europe, including bombings and arson, as part of a broader conflict strategy with the West. LINK
ATO tightens tax scrutiny, targeting work-related deductions and rental property claims, bolstered by data-matching technology that adjusted nearly half a million tax returns last year. LINK
ATO focuses on crypto tax evasion, planning to collect detailed transaction data from cryptocurrency exchanges to ensure traders meet their tax obligations. LINK
Labor's 'prac/placement payment' scheme analysis reveals eligibility concerns, with means-testing likely excluding 30% of students from receiving full benefits for mandatory work placements. LINK
Calls to reinstate HECS discount to aid debt recovery, with criticisms that current reductions in indexation rates are minimal and will not significantly affect future national finances. LINK
Victoria's economic troubles worsen, with dependency on property and population growth leading to a forecasted drop in state revenue. LINK
Gen Z's are misuing AI in job applications, with career consultants noting identical AI-generated cover letters as a common error among young job seekers. LINK
Reserve Bank of Australia maintains interest rates, signalling caution as inflation pressures persist. LINK
Australia's median rent hits a new record, escalating to $627 per week amid sharp increases in regional areas and suburbs, driven by long-term underinvestment in affordable housing. LINK
Woolworths to introduce a 4-day work week, allowing 130,000 employees to compress their hours, but requiring weekend availability for some. LINK