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🗞️ Fake it 'till you make it
What lengths would you go to in order to dodge a restaurant bill (aside from just staying silent when your date reaches for their wallet)?
Pick & Scroll News
February 26, 2025
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Good morning. What lengths would you go to in order to dodge a restaurant bill (aside from just staying silent when your date reaches for their wallet)?
One man has taken it to the extreme, faking heart attacks at least 20 times to avoid paying. Well known to local police, he reportedly threw himself to the ground, and put on a grand show.
His antics have landed him in jail multiple times which policeman say he graces with a smile - potentially because he is getting more free meals.
All the headlines and more below...
AUSTRALIAN NEWS
The work from home party is winding to a close in Australia driven by one key trend among employers
39% of businesses have mandated 5 days a week in the office in 2025, a 3% jump from the previous year. LINK
The NSW government's rezoning plan will deliver 138,000 new homes over 15 years in Sydney's north shore suburbs. LINK
ASIC has mandated the ASX to publish clearing and settlement fee comparisons to increase market transparency and competition. LINK
Queen Victoria Market traders have initiated their first-ever strike due to financial mismanagement and rising operational costs. LINK
Australian Treasurer Jim Chalmers is meeting US Treasury Secretary Scott Bessent to negotiate steel and aluminium tariff exemptions. LINK
Australian fintech investments reached $1.1B in late 2024 driven by 2 major deals. LINK
GLOBAL NEWS
US refuses to blame Russia for Ukraine war
COMPANY NEWS
Domino's posts first loss in 20 years as it moves to shut hundreds of stores worldwide
Domino's reported weak first-half profit, a $22.2 million loss compared to a healthy $58 million profit for the same period last year. LINK
Starbucks is laying off 1,100 corporate employees as the company streamlines operations in its largest job reduction. LINK
FTI Consulting experienced staff departures and declining profits after a former executive launched a rival firm. LINK
WiseTech Global lost $10B in market value after 4 independent directors resigned over conflicts with founder Richard White. LINK
Tesla faces an Australian class action lawsuit over phantom braking incidents in its semi-autonomous vehicles. LINK
Nine Entertainment announced $100M in additional cost cuts through FY27 as it continues restructuring under its Nine2028 strategy. LINK
Beston Global Food Company is entering liquidation after KPMG determined likely insolvency since April 2024. LINK
ANZ is expanding its Plus digital banking platform with 850,000 customers despite regulatory scrutiny. LINK
Anthropic has launched Claude 3.7 Sonnet for faster responses and advanced reasoning. LINK
Zoom has forecasted lower-than-expected annual revenue as businesses reduce remote work reliance. LINK
Chegg has filed a lawsuit against Google claiming AI-generated search previews harm content publishers. LINK
Johns Lyng reported a 33% profit decline due to reduced insurance claims. LINK
Zendesk has acquired Australian contact centre platform Local Measure for $100M to strengthen its cloud-based customer service offerings. LINK
Microsoft has cancelled hundreds of megawatts of US data centre capacity leases as AI infrastructure demand shows signs of slowing. LINK
Centuria Industrial REIT has posted a 413% year-on-year profit increase to $62.6M. LINK
Zip reported a 30% increase in year-on-year gross profit as operating costs increased by 10%. LINK
AUB Group reported a 50% drop in first-half net profit to $26.4M whilst reaffirming full-year guidance. LINK
Lifestyle Communities reported a 9.5% rise in first-half profit to $22.7M during a challenging period. LINK
G8 Education posted a 20.8% rise in full-year earnings to $67.7M amid strong childcare demand. LINK
EnergyAustralia's parent CLP Group has recorded a $119.3M profit whilst warning of ongoing pressure in the retail energy market. LINK AFR
Viva Energy posted a 20% drop in full-year profit to $254.2M due to weaker convenience business demand. LINK
ONE MORE SCROLL
Editor’s Pick: TikTokers dropping heavy objects on feet in viral trend ‘risk lifetime of pain’.
Draft Pick: Sydney Marathon’s record-setting winner Brimin Misoi Kipkorir banned for doping.
Odd Pick: More than 200,000 Canadians sign petition to revoke Musk’s citizenship.
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BRAINTEASER
Bad chemistry
What element on the periodic table is represented by the following:
Hydogen
Nitogen
Beyllium
Fluoine
Boon
Phosphous
Cabon
Sulfu
Answer below
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ANSWER
In all of these elements, the “r” is gone, so the answer is “argon.”
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