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GHB, Mental Health Claims & Bankers Fired for Mouse-Jiggling
Apple faces a class action lawsuit alleging it underpays 12K+ female employees compared to males in similar roles.
Pick & Scroll News
June 17, 2024
One Read, All Perspectives
Australian News
More property investors are considering self-managed super funds (SMSFs) as a way to invest in real estate. LINK
Australian employers lost over 655,000 workdays to mental health claims last year. LINK
A major Queensland hospital reports a significant increase in patients presenting with GHB-related comas. LINK
The Reserve Bank of Australia is expected to hold its key policy rate for the 5th straight meeting due to persistent inflation, with a rate cut likely in the last quarter of the year. LINK
ASIC has called for more funding to upgrade technology and expand enforcement capabilities amid increased high-profile actions. LINK
Australia needs significant investment in refrigerated warehouses to meet the food and pharmaceutical supply needs of its growing population. LINK
Global News
Company News
Qantas is offering discounted business class and premium economy seats on international routes for the first time in 5 years. LINK
ANZ is implementing a new policy allowing wealthy customers in 145 postcodes to borrow up to 95% of a property's value without mortgage insurance. LINK
The ACCC is likely to reject the $8.8B merger between Chemist Warehouse and Sigma Pharmaceuticals due to competition concerns. LINK
ANZ predicts no interest rate cuts this year despite a surge in new property listings across Australian cities. LINK
Telstra is moving away from carbon offsets and focusing on direct action to reduce emissions. LINK
AWS is calling for Australian start-ups to join its global Generative AI Accelerator, which received a $346M cash injection. LINK
Tesla shareholders approved Elon Musk's $72B pay package. LINK
Microsoft is delaying the rollout of its AI-powered "Recall" feature due to privacy concerns. LINK
Tesla to fix software in 5,836 imported Model 3, Model S and Model X cars in China due to safety issues. LINK
Apple faces a class action lawsuit alleging it underpays over 12,000 female employees in California compared to male colleagues in similar roles. LINK
KPMG Australia is overhauling its consulting business, focusing on tech-related advisory and software installation, cutting about 200 jobs as part of an $80M cost-cutting plan. LINK
Westpac plans to remove bonus caps for bankers, following CBA, in a move to remain competitive and attract top talent. LINK
Wells Fargo fired bankers for pretending to work using "mouse jigglers". LINK
Boeing delays key production milestone for its 737 jets by three months, targeting 42 jets per month by September instead of June. LINK
Apple and Meta Platforms are likely to face charges for not complying with the EU's Digital Markets Act, which aims to regulate big tech companies' power. LINK
OpenAI CEO Sam Altman considers restructuring the company to a for-profit benefit corporation, similar to rivals like Anthropic and xAI. LINK
Google must face trial over US antitrust claims that it illegally dominates the online advertising technology market. LINK
Coca-Cola and Starbucks seek to re-register their trademarks in Russia to protect their intellectual property rights after exiting the country following the war. LINK
