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- Disney Cruise Ships, Wage Theft & Apple Vision Pro in AU
Disney Cruise Ships, Wage Theft & Apple Vision Pro in AU
Apple's Vision Pro is available in Australia this week but faces scepticism over its $6,000 price tag.
Pick & Scroll News
July 10, 2024
One Read, All Perspectives
Australian News
The AU government is investing over $7M to boost wildlife surveillance and prepare for potential outbreaks of the H5N1 avian flu strain this spring. LINK
AUSTRAC has flagged luxury goods like diamond-studded Rolex watches and Birkin bags as a "very high" risk for money laundering. LINK
The Australian ETF market has surpassed $200B, driven by strong investor interest in global equities. LINK
More than half of residential construction firms expect sales to remain sluggish despite an increase in inquiries. LINK
Hospitality businesses are failing at nearly twice the rate of a decade ago due to soaring food and energy prices. LINK
Australia's largest "wage theft" case could reach $500M due to a Fair Work Commission order, with 5 wage hire companies facing potential repayments. LINK
The AU government is targeting public servants' use of major technology services and social media as part of a broader foreign interference crackdown. LINK
Australian business conditions worsened in June, with employment outlooks taking a hit, though firms were more confident as cost pressures eased. LINK
Australian consumer sentiment fell in July as fears of rising borrowing costs overshadowed the prospect of lower taxes and government relief on power bills. LINK
Global News
Company News
Refund requests and flight delays were the most complained-about issues for airline customers in 2023, with Virgin Australia attracting slightly more complaints than Qantas. LINK
Disney plans to launch a new cruise ship from Tokyo in 2028 as part of a $60B expansion of its theme parks and cruise business. LINK
Apple's Vision Pro is available in Australia this week but faces scepticism over its $6,000 price tag. LINK
Porsche reported a 7% decline in global vehicle deliveries in H1 2024, primarily driven by a 33% drop in China due to EU-China tariff tensions. LINK
Porsche will stop producing petrol-powered versions of its SUV model Macan for non-European markets by 2026, transitioning to electric vehicles. LINK
Meta and Vodafone have optimised short-form video delivery to free up capacity on 11 European mobile networks without compromising viewing quality. LINK
Microsoft plans to offer Apple's iOS devices to employees in China, citing the absence of Google's Android services in the country. LINK
Australia's DigitalX obtained approval to list its spot bitcoin ETF on the ASX. LINK
Samsung workers began a 3-day strike for better pay, with their union demanding an extra day of annual leave and changes to the bonus system. LINK
Tata Consultancy Services has signed a sponsorship deal with Sydney Marathon to boost its brand presence in one of its top 5 markets. LINK
Kayo Sports has increased its subscribers by 10% YoY to 1.5M by focusing on understanding and engaging its diverse sports audience. LINK
The CFMEU and 3 officials have been fined $247,540 for unlawful conduct at the Yatala Labour Prison project in Adelaide. LINK
ASR Wealth has been forced to refund fees to investors in an NDIS housing scheme due to lack of service after aggressively marketing double-digit returns. LINK
Bapcor has rejected Bain Capital's $1.83B buyout offer and appointed Angus McKay as executive chairman to turn the company around. LINK
Telstra has increased mobile plan prices by up to $4 per month, impacting postpaid and prepaid customers starting August 27 and October 22, respectively. LINK
Insignia Financial has enlisted Citi Australia's bankers as private equity firms consider its potential as an M&A target. LINK
Daimler Trucks reported a 15% drop in Q2 sales, indicating market normalisation, though electric vehicle sales rose by 69%. LINK
This Week’s Top Picks
The average new owner-occupier home loan has reached a record high of $626,055 nationally, driven by surging housing markets in Perth, Brisbane and Adelaide. LINK
The average Australian worker's commute time is more than an hour a day in rush-hour traffic, longer than in many European countries and the US. LINK
Hackers are using a $20 device to create fake Wi-Fi networks at Australian airports, stealing data from unsuspecting users and potentially launching cyber attacks. LINK
Uber will cut fares by up to 5% next month, reducing driver pay rates, testing the government's new gig economy pay laws. LINK
NDIS funding will no longer cover payments for sex work and other non-essential services under new reforms aimed at controlling costs. LINK
The federal government has introduced a new industry code for dating apps to improve user safety and address abusive behaviour. LINK
A new study finds that attending selective public high schools offers little long-term advantage in employability and life satisfaction. LINK
Australia's defence and intelligence agencies will use AI to analyse vast datasets under a $2B contract with AWS. LINK
