- Pick & Scroll News
- Posts
- Jetstar Apologises, Qantas' Jet Lag-Busting Lights & Tinder x AI
Jetstar Apologises, Qantas' Jet Lag-Busting Lights & Tinder x AI
Thailand has expanded visa-free travel for Australians from 30 days to 60 days as part of a new tourism scheme.
Pick & Scroll News
July 19, 2024
One Read, All Perspectives
AUSTRALIAN NEWS
Australians are increasingly adopting a sober-curious lifestyle or opting for zero-proof drinks. LINK
Australia’s June unemployment rate rose to 4.1%, up from 4% in May, despite a significant employment increase, slightly raising expectations of an August rate hike. LINK
Australia’s working-age population is projected to decline over the next 50 years, impacting the property industry, government policies and the economy. LINK
Australia’s LNG revenue fell 25% in FY24 to $69.5B despite stable export volumes. LINK
Corporate Australia has reduced its office space in Sydney’s CBD by nearly 200,000 sqm since the pandemic, contributing to high vacancy rates and falling commercial property values. LINK
The ATO is scrutinising self-managed superannuation funds over property valuations as it prepares for a new tax on earnings above $3M. LINK
GLOBAL NEWS
Thailand has expanded visa-free travel for Australians from 30 days to 60 days as part of a new tourism scheme. LINK
The Paris mayor swam in the Seine River to prove its safety following its $2.3B clean-up for the Olympics, despite swimming in the Seine having been illegal since 1923 due to health risks. LINK
Geopolitics has overtaken inflation as a key market risk among global fund managers. LINK
Nearly 25% of Japanese companies use AI, while more than 40% have no plans to adopt the technology. LINK
Bitcoin miners are seeking deals with AI developers to revive revenues by utilising their data centres for AI processing. LINK
COMPANY NEWS
Domino’s Pizza admitted it won't achieve its 2033 target of 7,100 stores, leading to an 8% drop in shares. LINK
Online auction business Grays was fined $10M and ordered to compensate car buyers after misleading descriptions of 750 vehicles led to over $3M in consumer losses. LINK
Jetstar apologised to a wheelchair user who fell out of an aisle wheelchair while being assisted at Adelaide Airport. LINK
Tinder will launch an AI-powered feature in Australia to help users select their best profile pictures, using facial recognition technology to curate photos from their phones. LINK
Telstra was fined $1.5M for failing to properly authenticate user identities during SIM card swaps, leaving over 100,000 customers vulnerable to scams. LINK
Qantas will install scientifically-tested jet lag-busting lighting on aircraft for 20-hour flights between Australia, New York and London, developed through extensive testing in collaboration with Airbus and Sydney University. LINK
Slater & Gordon admitted to underpaying over 100 staff by at least $300,000 due to a decade-long miscalculation of leave entitlements. LINK
Meta Platforms suspended the use of generative AI tools in Brazil due to government objections to its new privacy policy regarding personal data and AI. LINK
Netflix likely added the fewest subscribers in 5 quarters during April-June, with an estimated 4.82M additions, down from the previous quarter's 9.3M. LINK
Google and Microsoft are offering Chinese companies access to Nvidia AI chips by providing data centre services outside China, bypassing US technology restrictions. LINK
Volvo Cars beat Q2 earnings estimates but lowered its full-year retail sales forecast due to European tariffs on Chinese-made EVs affecting key models. LINK
Renault's H1 2024 sales volume rose 1.9% due to strong hybrid performance in Europe, with electrified vehicles accounting for 29.6% of sales. LINK
Nokia's Q2 operating profit fell 32% due to weak demand for 5G equipment but expects improvement in the second half of 2024. LINK
Telix Pharmaceuticals hit a record high in shares after upgrading its full-year revenue forecast, buoyed by strong US sales of its prostate cancer imaging product. LINK
