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HelloFresh, TikTok and Private Schools
Half-marathon axed, Aussie alps vs climate change, and NSW proposes a GST reform.
Pick & Scroll News
March 15, 2024
One Read, All Perspectives
Australian News
Australian bank stocks reach 35-year highs, fuelled by expectations that falling interest rates will drive credit growth. LINK
Private schools save the Australian education system $4.6 billion annually, a study suggests. LINK
Coalition urges TikTok ban in Australia, following the US' lead. LINK
Wage growth in the property sector declines as the labour market improves. LINK
Apartment prices rebound sharply in Melbourne's inner suburbs, signalling a potential recovery in the sector. LINK
Sydney Marathon axes half-marathon event in a bid for 'majors' status, focusing on its 42km race. LINK
Significant koala records overlooked in Sydney's housing developments, raising environmental concerns. LINK
Finance Sector Union claims bank staff are pressured to push customers to digital channels amid branch closures. LINK
Climate change expected to dramatically reduce snowfall in Australia's alps, affecting ski resorts. LINK
International students continue to flock to Australia, despite confusion and record visa rejections. LINK
NSW proposes GST distribution reform to per-capita basis, aiming for fairness across states. LINK
Settlement for illegally sacked Qantas ground workers to be decided in Federal Court, following pandemic-related layoffs. LINK
Global News
TikTok faces potential US ban amid growing US-China tensions, with legislators voting to prevent distribution unless ByteDance divests. LINK
UK to ban foreign government ownership of British media, impacting the Telegraph and Spectator. LINK
Copper prices soar to an 11-month high amid potential production cuts by Chinese smelters. LINK
Company News
Brookfield and Optus negotiations for potential acquisition detailed, with advisers involved in talks for three years. LINK
Appen's US suitor, Innodata, withdraws $154 million bid, leaving Appen to rebuild investor confidence. LINK
Tabcorp CEO Adam Rytenskild resigns amid investigation into allegations of using offensive language. LINK
ACCC scrutinises Woolworths and Coles' store openings, considering reform to foster competition. Since 2008, the chains have opened 394 stores with few challenges. LINK
EY employees deny knowledge of 'fake coal' test manipulation, following accusations from a former mine employee. LINK
Meta claims to offer news publishers $115 million in free traffic yearly, addressing content sharing criticisms. LINK
Aristocrat's rival, Light & Wonder, denies stealing trade secrets for its dragon-themed game. LINK
Superloop disrupts Aussie Broadband's takeover bid with a significant partnership with Origin Energy. The deal is expected to boost Superloop’s earnings by $19 million annually. LINK
Myer announces major leadership change, with former Qantas executive Olivia Wirth stepping into a combined chairman and CEO role. LINK
NAB chair discusses corporate Australia's climate change challenges, emphasising the need for careful balancing in green initiatives. LINK
Microsoft to expand the availability of its AI-powered cybersecurity tool, Security Copilot, with a new 'pay-as-you-go' model starting April 1. LINK
HelloFresh faces investor scrutiny over its expansion into ready meals amid a second profit warning in five months, with calls for cost cuts and subscriber retention strategies. LINK
Optus' interim CEO downplays takeover talks amidst a challenging period for Australia's second-largest telco following a massive cyberattack and network outage. LINK
ABC radio audience declines across all capital cities, challenging the broadcaster's recent talent revamp and programming changes. LINK
This Week’s Top Picks
An ATO officer received a 30-month jail sentence for accepting bribes to reduce tax assessments. LINK
The "motherhood penalty" affects women's workforce participation and pay in Australia, impacting national productivity. LINK
Singtel in advanced talks to sell Optus to Brookfield for around $16 billion. LINK
Renewable energy investment slumps, impacting Australia's 2030 climate targets. LINK
Australians lost $477 million to scams last year, with investment scams seeing a significant drop. LINK
Family farms in Australia are at risk of disappearing within a decade, with aggressive supermarket pricing threatening food security. LINK
Employers advocate for modernised work rules to accommodate remote working, challenging outdated penalty rates and work conditions. LINK
Buy now, pay later services in Australia will now require a credit licence and perform responsible lending checks under new Treasury draft reforms. LINK
Investors in unlisted property funds are experiencing losses, particularly from the downturn in the office market, with total returns dropping to a 12.7% loss last year. LINK
Toll-road reform in NSW is under consideration to improve the efficiency of Sydney’s toll road network and move away from coins. LINK
Australian cereals have decreased in size but increased in cost, a phenomenon known as shrinkflation. LINK
ANZ Private aims to capture a share of Australia's wealthiest families, competing with global banks by offering tailored bond portfolios and new products. LINK
Tutoring companies are benefitting from the failures in the school system, with homeschooling numbers doubling since the pandemic as parents seek alternative education options for their children. LINK
Brisbane's business, sports, and civic leaders advocate for a reevaluation of the 2032 Olympics spending, emphasising the importance of avoiding "white elephant" stadiums and ensuring value for money. LINK
International students have significantly contributed to Australia's GDP growth in 2023, with their spending making up more than half of the country's economic growth. LINK
Gen Z women are lagging in homeownership compared to their male counterparts. LINK
Australian vineyards are now destroying millions of vines and impacting the market for cheaper reds. LINK
A former EY partner loses appeal to keep his identity secret after being accused of creating a $700,000 tax exploitation scheme. LINK