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🗞️ Blink and you'll miss it
We always like a new Guinness World Record here at Pick & Scroll, especially when the previous record is comprehensively beaten.
Pick & Scroll News
June 06, 2025
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Good morning. We always like a new Guinness World Record here at Pick & Scroll, especially when the previous record is comprehensively beaten.
A team of students built a robot that can solve a Rubik's cube in a record-breaking 0.103 seconds, with the previous record at 0.305 seconds.
Humans take about 200 to 300 milliseconds to blink so try not to blink when you watch it.
All the headlines and more below...
AUSTRALIAN NEWS
Maximising tax deductions for charitable giving
Australian charitable donations have doubled to $4.5B over a decade, while only 4.3 million taxpayers claimed deductions for their contributions. LINK
Brisbane construction costs are projected to rise by 30% over 5 years due to the Olympic Games and health infrastructure projects. LINK
ASIC has launched 31 civil cases and 193 investigations by April FY24, marking its busiest prosecution year since the banking royal commission. LINK
Deep tech investments have delivered 70% higher returns than traditional tech. LINK
Australian household spending grew by 0.1% in April despite easing inflation and lower borrowing costs. LINK
Luxury property sales over $5M have increased by 55% since FY20 with 3,295 transactions in FY24. LINK
Australian law firms struggle with associate turnover as burnout fuels resignations. LINK
GLOBAL NEWS
Cloud providers rethink cooling to cut waste
Cloud computing now consumes 4% of global electricity, raising sustainability concerns surrounding data centre energy usage. LINK
Consumer watchdogs from 21 nations have accused Shein of using deceptive online sales tactics, including fake countdowns and low stock messages. LINK
The International Energy Agency forecasts US$3.3B in global energy investment for FY25 with US$2.2B for clean energy. LINK
US graduate unemployment has risen to 5.8% as AI replaces entry-level positions. LINK
COMPANY NEWS
Once-popular toy retailer collapses for a second time
Toys R Us has entered voluntary administration about 5 years after its relaunch as an online store. LINK
Mecca lifted annual revenue above $971M and increased profit to $27.8M in FY23. LINK
Nintendo has launched its Switch 2 console globally amid high demand and limited supply. LINK
CBA has become Australia's most valuable bank at $303.06B through AI investments and AWS cloud migration. LINK
Samsung's new e-paper signage could reduce retailers' print costs by 50%. LINK
KPMG is switching its default super fund from smartMonday to Hostplus after a year long process. LINK
Austrac seeks a $400M penalty against Star Casino for facilitating illegal China Union Pay transactions. LINK
Reddit has sued Anthropic for allegedly using its site data without permission to train the Claude chatbot. LINK
Amazon has revealed new AI-powered warehouse robots while forming a dedicated team for multitasking robotics. LINK
Citigroup is cutting 3,500 tech jobs at its Shanghai and Dalian centres as part of global streamlining. LINK
Google will partner with Chile to construct the first undersea cable connecting South America to Oceania and Asia by 2027. LINK
Magellan Financial Group has recorded a 2.1% growth in assets to $39.3B for May despite $400M in outflows. LINK
Procter & Gamble has announced plans to reduce 7,000 non-manufacturing positions globally as part of restructuring efforts. LINK
ABC is being sued by a union over repeated short-term contracts in a test case under new labour laws. LINK
David Jones is launching a loyalty program with Qantas to compete against Myer's partnership with Virgin Australia. LINK
ONE MORE SCROLL
Editor’s Pick: Primary school evacuated after student brings in a grenade for show and tell.
Draft Pick: Socceroos are on track to qualify for the World Cup… But there’s a catch.
Odd Pick: Poundland to be sold for £1 after wave of store closures.
TOGETHER WITH
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TRIVIA
On this day in 1998, Sex and the City aired its first show becoming one of the most popular TV shows in the late 90's and early 2000's. Who were the 4 leading actresses? If you want to show off and include which actors they played then feel free to get double the points.
Answers below
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ANSWERS
Sarah Jessica Parker = Carrie Bradshaw
Kim Cattrall = Samantha Jones
Kristin Davis = Charlotte York
Cynthia Nixon = Miranda Hobbes
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