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CosMc's, Adidas and ANZ
Google's Gemini faces criticism, Australia's heatwave, and New measures for AU's study visa system.
Pick & Scroll News
December 11, 2023
One Read, All Perspectives
Australian News
The recent NDIS review focuses on creating services for children with mild autism and developmental disorders. LINK
Less than 2% of mortgage holders face “severe financial stress,” despite more searches on Google for financial stress and increased demand for financial counselling. LINK
Petrol prices are expected to drop further across Australia, with prices showing a significant decrease. LINK
Australian crypto exchanges saw a surge in trading volumes in November. LINK
QLD Premier Annastacia Palaszczuk announced her resignation, set for next week after nine years in power. LINK
The Albanese government is backing tighter UK-style laws to regulate "big tech" with mandatory code of conduct laws. LINK
60% of employees hide who they are at work, downplaying aspects of themselves to conform to norms. LINK
Australia will triple fees on foreign purchases of existing homes. LINK
New measures for Australia's study visa system will increase English-language proficiency requirements and intensify scrutiny of applicants to deter non-genuine students seeking job market access. LINK
The federal government’s debt interest bill in Australia has increased by $80B since May, surpassing the NDIS as the Commonwealth's fastest-growing expense. LINK
Global News
China's consumer prices fell 0.5% last month, the steepest drop in three years, while producer prices declined 3%. LINK
The UK has accused Russia of a longstanding cyber campaign targeting politicians, civil servants, and journalists to undermine British democracy. LINK
EU institutions are negotiating proposals to regulate AI products like ChatGPT, with Germany, France and Italy opposing direct regulation of generative AI models. LINK
Company News
ANZ was fined $900,000 for a continuous disclosure failure in its 2015 capital raising. LINK
RACQ is discontinuing insurance coverage for ride-sharing and food delivery vehicles due to higher claim levels. LINK
McDonald’s is launching a new “small-format beverage-led concept” called CosMc's, offering customisable drinks like Churro Frappés in a pilot project in Chicago and Texas. LINK
Google faces criticism over an edited promotional video of its AI model Gemini. LINK
Microsoft clarified that it does not own any part of OpenAI, stating it only has rights to share in profit distributions. LINK
Adidas shifts its focus to emerging sports like breakdancing, climbing, skateboarding and BMX for next year's Paris Olympics. LINK
APRA ordered NGS Super to hire external advisors to improve cybersecurity after a hack revealed significant control deficiencies, impacting the fund's $14B customer base. LINK
Australia's Clean Energy Finance Corporation is set to provide $1B in low-interest loans for homeowners to retrofit homes with energy-efficient upgrades, aiming to reduce emissions and energy bills. LINK
Other News
Olympic hopefuls and athletes are utilising AI tools for training and enhanced performance in preparation for the 2024 Paris Games. LINK
The heatwave along parts of Australia’s east coast is testing the energy market's resilience for the first time in four years. LINK
Zoom meetings are considered ineffective for meaningful staff interactions, with employees increasingly opting for silence in meetings due to various factors. LINK