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🗞️ Bali baggage
It's been 20 years since carrying a surfboard to Bali didn't look suspicious.
Pick & Scroll News
May 29, 2025
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Good morning. It's been 20 years since carrying a surfboard to Bali didn't look suspicious.
That's because it's now been 20 years since Schapelle Corby was convicted of carrying 4.2kg of cannabis into Bali.
Schapelle Corby has become an Australian icon and while maintaining her innocence since that day, she has also managed to write 2 books and appear in multiple TV shows. But does anyone believe that she didn't pack her own bags?
All the headlines and more below...
AUSTRALIAN NEWS
Australia's consumer inflation holds steady in April, rate cuts still in view
Australian inflation held steady at 2.4% annually in April whilst remaining within the RBA's target range. LINK
Australia's superannuation rate will rise to 12% on July 1 while gig workers, women and self-employed may still face retirement shortfalls. LINK
Australia's home construction spending rose 7% to $24.275B in the March quarter whilst building activity requires further increase. LINK
99% of Australia’s large organisations recognise the need for real-time payments, with 25% adopting, 47% starting and over 70% expecting improved market position. LINK
COMPANY NEWS
Consulting giant McKinsey cuts headcount by 10%
McKinsey has reduced its workforce by 10% over 18 months as consulting demand weakens. LINK
Amazon has launched Alexa+, a new AI-powered voice assistant that has reached 100,000 users whilst aiming to make smart home control more natural. LINK
The United Workers Union faces internal scrutiny as 75% of its employees experience psychological distress according to a staff survey. LINK
A cyberattack on WA's Legal Practice Board has compromised sensitive financial data of legal professionals. LINK
Web Travel Group has achieved $4.9B in total transaction value for FY25 whilst bookings grew 29% in early FY26. LINK
Salesforce is finalising a $12.4B acquisition of data-management firm Informatica to expand its enterprise solutions. LINK
Myer will launch a new tiered loyalty program in August with external partnerships to emulate airline loyalty schemes. LINK
Myer has announced a modernisation strategy featuring beauty services and youth brands to attract younger customers. LINK
Goodman Group dedicates over 50% of $13.7B development pipeline to data centres whilst investing $6.3B in AI-powered warehouses and maintaining 9% earnings growth forecast for FY25. LINK
Brazilian prosecutors are suing BYD for US$45M over alleged human trafficking and labour violations at its factory. LINK
Fisher & Paykel has reported a NZ$377.2M annual net profit as strong demand for hospital equipment and sleep apnea masks drove growth. LINK
The US Supreme Court has cleared the way for Rio Tinto and BHP to develop a copper mine on sacred Apache land that could supply 25% of US copper demand. LINK
Nvidia's global chip demand could reach $1T as Middle Eastern nations boost AI investments whilst Chinese demand wanes. LINK
ONE MORE SCROLL
Editor’s Pick: Scientists find exercising boosts brain health in as little as 12 weeks.
Draft Pick: New-look Blues halves make Suncorp statement in 27-year Origin first.
Odd Pick: Couple has wedding guests vote to decide their new last name.
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BRAINTEASER
What is 3/7 chicken, 2/3 cat and 1/2 goat?
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