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Caravan Parks, Golf and AusPost
Suncorp hit with a cyberattack, No Aldi in Tasmania, and Single women are buying houses.
Pick & Scroll News
April 15, 2024
One Read, All Perspectives
Australian News
Major media companies face potential losses of $300 million from proposed bans on junk food advertising. LINK
Revenue at holiday and caravan parks surged over the summer due to cost-of-living pressures, with families opting for more affordable vacation options, showing a 12% increase in average revenue and higher occupancy rates. LINK
Board games are being redesigned for the TikTok generation, focusing on faster, simpler gameplay to engage younger players who prefer quick, digestible content. LINK
COVID-19 deaths in Australia have reached new lows, with weekly national figures dropping to single digits and the rolling 7-day average briefly hitting zero. LINK
Rising land taxes and interest rates are compelling landlords to increase commercial property rents, leading to higher business and personal insolvencies. LINK
Golf ranges, hairdressers and dentists are seeing a boost on weekdays due to work from home trends. LINK
Human resources managers express concerns to the Fair Work Commission that expanding work-from-home rights could lead to increased workplace tensions and disputes. LINK
Single women in Australia are nearly matching men in home buying, although the total number of solo borrowers is declining due to increasing serviceability challenges. LINK
Australians with master’s degrees from prestigious overseas universities report significant pay increases post-graduation, with a survey indicating strong support for international education despite high costs. LINK
The Australian government considers significant visa fee increases for international students, possibly including a hard cap on approvals, to manage migration levels ahead of elections. LINK
Global News
Middle East conflict escalates inflation and rate risks, potentially delaying anticipated rate cuts by the Reserve Bank. LINK
Vietnamese real estate tycoon Truong My Lan was sentenced to death for her role in a $19.1 billion fraud case, marking the country's largest financial fraud incident. LINK
Iran retaliates with drone strikes on Israel following a consulate attack in Syria, with most drones intercepted but one strike injuring a child in southern Israel. LINK
Company News
Australia Post to reduce letter delivery frequency to every second business day starting Monday, aiming to enhance parcel collection and delivery services. LINK
Aldi confirms no plans to expand to Tasmania, with the CEO explaining the decision at a Senate inquiry into supermarket pricing. LINK
Suncorp hit with a cyberattack where an intruder accessed and withdrew funds from customer accounts, with the bank successfully returning the stolen funds to affected customers. LINK
Tesla slashes the price of its Full Self-Driving package by half to US$99 a month. LINK
Apple plans to revamp its entire Mac lineup with new AI-focused M4 processors for enhanced performance and energy efficiency across all models. LINK
Sky News Australia's owner loses court battle against Isentia, allowing the media monitoring firm to distribute video clips to clients. LINK
Meta's strategic response to potential news bans in Australia and Canada involves refusing to renew commercial deals with news outlets, aiming to optimise ad space revenue. LINK
Rio Tinto adopts Mars exploration technology, LIBS, to accelerate its search for new copper and lithium mines, aiming to end a 7-year drought in significant mineral discoveries. LINK
ESSSuper, A major industry superannuation fund faces a legal challenge over allegedly failing to include penalty shift allowances in transport workers' super payments. LINK
Herron Todd White, a national valuation firm, has been suspended by major banks from new work following a data breach that affected its commercial and agricultural property valuation platforms. LINK
News Corp Australia is undergoing its most significant restructure in over a decade, aiming to save $15 million amidst a sluggish advertising market, with no expected revenue increase from Meta and an uncertain Google deal. LINK
Nike CEO John Donahoe attributes the company's innovation slowdown to the challenges of remote work, noting difficulty in creating disruptive products while employees work from home. LINK
ASIC is investigating CurrencyFair, a cross-border payments platform, after it halted transactions for Australian residents, leaving customers unable to access their funds. LINK
Salesforce is reportedly in advanced talks to acquire data management company Informatica, with a potential deal price below Informatica's current share price. LINK
BlackRock's assets hit a record $10.5 trillion in the first quarter, with profits jumping 36% due to rising global equity markets and increased investment advisory and administration fees. LINK