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Whether you're scrambling to the Christmas finish line or you have a very suspicious 1pm-5pm 'meeting' this afternoon, we hope you achieve your goals today on Friday the 13th.
Pick & Scroll News
December 13, 2024
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Good morning. Whether you're scrambling to the Christmas finish line or you have a very suspicious 1pm-5pm 'meeting' this afternoon, we hope you achieve your goals today on Friday the 13th.
A quick wrap of headlines we didn't cover this week:
KFC launched a limited-edition perfume in a drumstick shaped bottle. No thanks.
The most popular Wikipedia pages of 2024 were topped by the cheerful page of 'Deaths of 2024'.
Village People front man said YMCA isn't a gay anthem and will sue anyone who disagrees.
To be fair, a song about a young man hanging out with all the boys, doing whatever he feels, putting his pride on the shelf and not doing it all by himself could easily be about a lad joining Fitness First.
All the headlines and more below...
AUSTRALIAN NEWS
Australia plans new rules forcing Big Tech to continue paying news outlets
The Australian government has introduced a news bargaining incentive legislation to enforce Big Tech companies' payment for news content, extending its 2021 policy requiring Google and Meta to compensate media companies. LINK
Australia's unemployment rate has unexpectedly fallen to 3.9% in November, with 35,600 new jobs added, reducing the likelihood of a February rate cut. LINK
The Australian government has agreed to fund a Papua New Guinea NRL team with $600M, contingent on PNG not signing a security agreement with China. LINK
GLOBAL NEWS
Meta faces global outage as Facebook, Instagram, WhatsApp, and Messenger go down
Meta's platforms Facebook, Instagram and WhatsApp are gradually recovering from global outages reported by users, particularly in Australia. LINK
Banks globally are experiencing significant productivity boosts from artificial intelligence, while monetisation remains challenging. LINK
Russia aims to enhance its global AI standing by 2030 through talented developers and generative AI models. LINK
Thai consumer confidence rose in November driven by government economic measures and tourism. LINK
South Korea will support smaller airlines and monitor competition as Korean Air completes its US$1.3B acquisition of Asiana Airlines, creating one of Asia's largest carriers. LINK
COMPANY NEWS
AMP invests $27 million in Bitcoin as first major superannuation fund to embrace crypto
AMP has become the first major superannuation fund to invest $27M in Bitcoin as part of its diversification strategy. LINK
Amazon has reduced plastic packaging by shipping items in original boxes, eliminating about 3 million tonnes of unnecessary packaging since 2015, while developing recyclable alternatives. LINK
Apple has partnered with Broadcom to develop an AI-specific server chip code-named Baltra, whilst launching "Apple Intelligence" in Australia with enhanced AI features across its device lineup. LINK
oOh!media has announced plans to cut costs by at least $15M amid challenging market conditions. LINK
Virgin and Qatar have launched an airfare war with reduced economy and business class fares from Australia to Europe, challenging Qantas and Emirates' higher pricing. LINK
Samsung has filed a legal complaint against India's antitrust body for allegedly unlawfully detaining its employees and seizing data during a raid. LINK
Betashares is shutting down 9 ETFs, including the metaverse fund MTAV, despite delivering nearly 40% returns this year, due to insufficient investment support. LINK
The ACCC has initiated civil cartel proceedings against Ventia Services and Downer EDI's Spotless subsidiaries for alleged price fixing in Defence contracts worth $4B and $5.8B. LINK
Kraken AU has been fined $8M by Australia's federal court for unlawfully issuing credit facilities to over 1,100 customers. LINK
Nvidia has expanded its China workforce by adding 200 employees in 2023, reaching nearly 600 in Beijing, while enhancing autonomous driving research. LINK
The UK financial regulator has delayed Shein's IPO approval due to supply chain oversight scrutiny and legal risks regarding labour practice allegations. LINK
Adobe forecasts FY25 revenue below estimates at $23.30B to $23.55B. LINK
ONE MORE SCROLL
Editor’s Pick: We’ve now watched ‘Moana’ for more than 1 billion hours. How did it become the No. 1 movie in streaming history?
Draft Pick: Australia, PNG unveil deal for Papua New Guinea team to enter NRL in 2028.
Odd Pick: Man who found smooth Mars bar gets £2 compensation.
TRIVIA
Silly season
We are well and truly in silly season which means it's also Karaoke season. We visit one of our favourite trivia games with Karaoke classics. Can you name the next line in the song?
Gimme, gimme, gimme a man after midnight...
Is this the real life? Is this just fantasy? Caught in a landslide, no escape from reality...
I'm comin' out of my cage and I've been doin' just fine. Gotta, gotta be down because I want it all…
When you call my name, it’s like a little prayer…
Why do you build me up (build me up) Buttercup, baby…
Answers below
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ANSWERS
1. Won't somebody help me chase the shadows away (Gimme, Gimme, Gimme)
2. Open your eyes, look up to the skies and see (Bohemian Rhapsody)
3. It started out with a kiss, how did it end up like this (Mr Brightside)
4. I’m down on my knees/I wanna take you there (Like a Prayer)
5. Just to let me down (let me down) and mess me around (Build me up Buttercup)
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