- Pick & Scroll News
- Posts
- Gen Z Unemployment, Qantas Airfares Hike, and Banks Explore Tokenisation
Gen Z Unemployment, Qantas Airfares Hike, and Banks Explore Tokenisation
Menulog's potential $15 hike per delivery, Toyota to adopt Tesla's EV charging technology, and Amazon AU's dog-friendly workplace policy.
Pick & Scroll News
October 23, 2023
One Read, All Perspectives
Australian News
Farmland prices have declined by 3.9% in the first half of 2023, impacted by higher interest rates, lower commodity prices, and forecasted drier El Niño conditions. LINK
China announced the potential easing of Australian wine tariffs, highlighting thawing trade tensions between Australia and China. LINK
Cybersecurity experts and software developers are seeing increased earnings as general IT contractor rates stagnate due to industry "correction". LINK
Aussie families pull back on spending due to high living costs, even avoiding dining out and travel. LINK
Battery metal prices, including lithium, plummet due to supply surplus and reduced Chinese EV demand. LINK
NSW Government invests $128M in local communities to expedite green energy infrastructure projects. LINK
Banks explore tokenisation of real-world assets to streamline trade processes, potentially saving billions. LINK
Gen Z unemployment rises sharply, posing a challenge for the RBA in determining interest rates. LINK
Apartment developers face hiring challenges due to a construction boom the in health and education sectors. LINK
Global News
Company News
Fast-food chain Guzman Y Gomez faces scepticism over its IPO valuation, which is at odds with market expectations and comparably listed businesses like Domino’s and Collins Foods’ KFC. LINK
Amazon AU is adopting a 'dog-friendly' workplace policy with the expectation that it boosts productivity and employee retention. LINK
Melbourne builder Dome went into liquidation due to a failed $6.5M loan, as ongoing vulnerability hits the home building industry. LINK
Despite a difficult economic climate, Kmart and Target's boss expects Aussies to spend more this Christmas. LINK
Qantas is increasing airfares by 3.5% this week in response to escalating fuel costs. LINK
Rio Tinto and Pilbara traditional owners sign a groundbreaking deal to construct a solar energy project for WA's iron ore industry. LINK
Menulog warns of a potential $15 price hike per delivery if the government enforces stricter employment conditions on gig work. LINK
ASIC bans Peter Collins, ex-PwC partner, for 8 years from the financial services industry following the tax leaks scandal. LINK
ABC's redundancy payouts skyrocket to $22M following a major organisational restructure to boost audience engagement. LINK
HSBC relocates private bankers to Australia in a renewed push to tap into the country's ultra-rich and family offices. LINK
OpenAI, the company behind ChatGPT, is in negotiations to sell shares at a staggering $136B valuation. LINK
Elon Musk announces 2 new subscription tiers for X, formerly known as Twitter, with varying ad levels and costs. LINK
Toyota, the world's largest automaker, will adopt Tesla's EV charging technology from 2025. LINK
Other News
A 5.0 magnitude earthquake near Colac and Apollo Bay on the Great Ocean Road disrupted Victorian communities and led to minor damages in central Melbourne. LINK