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🗞️ Extra long
We hope you remembered to take those three days of annual leave from April 22 to April 24 to score 10 days off in a row.
Pick & Scroll News
April 17, 2025
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Good morning. We hope you remembered to book annual leave from April 22 to 24 and snag yourself a well-earned 10-day break.
If not, there’s always the King’s Birthday in June - take the Friday or Tuesday off and turn it into a long weekend.
We’ll be taking a short break too. For those who’ve been with us since the start (and helped us hit our 2-year milestone this week), thank you for the ongoing support.
Enjoy the time off and we’ll see you in May.
All the headlines and more below...
AUSTRALIAN NEWS
Australians shun US travel as Trump sparks confusion, then backlash
Australian travel to the US has declined 10% amid political instability and new immigration rules under the Trump administration. LINK
The ABS has recorded workforce growth of 1.58 million over 5 years to February FY25, surpassing previous periods amid strong employment gains. LINK
The hospitality sector warns of worsening labour shortages as immigration restrictions tighten. LINK
Australian home building has slowed with a 4.4% quarterly drop whilst achieving a 1.8% annual increase to 168,049 homes in late FY24. LINK
APRA has reduced its direct supervision of small banks through a new pooled model despite rising sector risks. LINK
GLOBAL NEWS
China Q1 GDP growth tops expectations, but US tariff shock looms large
China's first-quarter economic growth reached 5.4% year-over-year, outstripping expectations whilst being underpinned by solid consumption and industrial output. LINK
Hongkong Post has suspended sea mail services to the US whilst planning to halt air shipments from April 27. LINK
The UK job market continues cooling as vacancies fall below pre-pandemic levels despite October's employer tax increase. LINK
China implemented export controls on rare earth minerals and magnets essential for US military hardware in response to new tariffs. LINK
COMPANY NEWS
PwC shuts operations in more than 12 countries
PwC has closed offices in more than a dozen countries following internal disputes and client losses. LINK
WiseTech Global has announced a new 10-year employment agreement with founder Richard White, appointing him executive chair and chief innovation officer with an annual salary of $1M. LINK
Nvidia will take a $5.5B charge after the US government informed the company it will require a licence to export its H20 chips to China. LINK
Zip Co reported record quarterly cash earnings of $46M for the March quarter, up 219.4% year-on-year. LINK
Apple airlifted $2B worth of iPhones from India to the US before tariffs hit. LINK
Shein's shift to Vietnam production has reduced orders from Chinese factory hubs, impacting local suppliers. LINK
EY has committed to its Sydney headquarters until 2036 with rent near $1,550 per square metre. LINK
Bank of Queensland reported a 13% rise in first-half net profit to $171M, boosted by lower operating costs and growth in commercial lending. LINK
OpenAI has established a nonprofit commission while pursuing up to $40B in funding at a $300B valuation. LINK
ONE MORE SCROLL
Editor’s Pick: The more protein, the better? The New York Times fact-checked this and five other big protein claims circulating online.
Draft Pick: Arsenal knock Real Madrid out of the Champions League to set-up semi-final with PSG.
Odd Pick: Police escort woman off flight after she is unable to pay for Pringles.
TOGETHER WITH
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TRIVIA
What are the 5 leading city tourism destinations in Europe by number of bed nights booked?
Note: Study was taken from 2019 to 2023.
Answers below
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ANSWERS
1. London, UK - 78.1 million bed nights
2. Paris, France - 52.4 million bed nights
3. Istanbul, Turkey - 29.75 million bed nights
4. Berlin, Germany - 29.58 million bed nights
5. Rome, Italy - 29.51 million bed nights
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