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Inside Out 2, BMW's Hydrogen Cars & Cyber Insurance
VIC Chamber of Commerce is partnering with TikTok to educate business owners.
Pick & Scroll News
July 02, 2024
One Read, All Perspectives
Australian News
The Australian government has doubled international student visa fees from $710 to $1,600 to fund education initiatives. LINK
The NSW government has designated North Eveleigh, Camperdown, Kellyville, and Camden for hundreds of new affordable homes. LINK
Private hospital operators will provide the Health Department with data on costs and profitability as part of a $22B sector review. LINK
Victorian Premier Jacinta Allan secured her spot as the second highest-paid politician in Australia with a 3.5% pay rise, taking her salary to $498,031 in 2024-25. LINK
Slow clean energy rollout could drive wholesale power prices up by 50% compared to last year. LINK
Businesses are increasingly turning to TikTok for marketing as Instagram and Facebook lose their appeal, with the Victorian Chamber of Commerce partnering with TikTok to educate business owners. LINK
Residential property owners saw an average $59,000 gain as home values climbed 8% nationwide over FY24. LINK
Pay rises for 250,000 aged care workers of up to 14% have been delayed until next year, likely costing up to $5B in government funding. LINK
Many mortgage holders are extending their loan terms as a strategy to cope with rising interest rates and high property prices, increasing their overall costs. LINK
Australian businesses are shifting marketing investments to brand activities, reporting increased awareness and sales as a result. LINK
Australian job advertisements fell for the 5th consecutive month in June, reflecting easing labour demand amid high interest rates and a slowing economy. LINK
Global News
Cyber insurance premiums are falling globally as businesses improve their security measures, despite a rise in ransomware attacks. LINK
China's home sales downturn slowed in June as major cities eased policies, boosting sales by 36% from May. LINK
US companies are expected to report the fastest quarterly earnings growth since 2021. LINK
French President Emmanuel Macron's gamble on snap parliamentary elections failed, with populist parties gaining ground and threatening government functionality. LINK
Company News
PwC is paying the price for its hasty response to the tax leaks scandal, which saw several partners forcibly removed. LINK
Commonwealth Bank has overtaken Citi in market capitalisation. LINK
The US charged Boeing with fraud over 2 fatal crashes in 2018 and 2019, involving 737 MAX jets. LINK
Lendlease sold its US military housing business for $480M as part of its $4.5B divestment strategy, aiming to refocus on Australian operations. LINK
The Kids Cancer Project doubled its regular donations to $2.2M annually by using AI to streamline processes and target potential donors more effectively. LINK
Lendlease's funds management operation is under scrutiny as poor performance has attracted interest from rival managers. LINK
Lendi Group is launching new tech features for homeowners, aiming to disrupt the vendor-dominated housing market and serve Australia's underserved buyers. LINK
BMW is testing hydrogen cars in Australia, though they are not expected to replace electric vehicles, according to the company. LINK
Pixar's "Inside Out 2" crossed $1B at the global box office in less than 3 weeks, the fastest for any animated film in history. LINK
Australian Retirement Trust's high-growth option delivered an 11.3% return in 2023-24, driven by rising tech stocks amid the AI boom. LINK
This Week’s Top Picks
Property buyers are becoming cautious amid talk of further interest rate rises, with fewer buyers willing to pay above the auction reserve. LINK
The WA government will spend nearly $4M destroying expired rapid antigen tests. LINK
Meta may block news on its Australian platforms if forced to pay news organisations for content, escalating its dispute with the Australian government. LINK
The ANZ-Suncorp $4.9B takeover has been approved by the federal government, with strict conditions, adding $70B in loans to ANZ's portfolio. LINK
