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Nike, Macquarie and L'Oreal
Bonza airline to reduce Gold Coast flights.
Pick & Scroll News
April 22, 2024
One Read, All Perspectives
Australian News
Australian energy market faces unprecedented demand due to AI-driven growth in data centres, with power requests potentially tripling the current load in Sydney's western suburbs. LINK
Cross-border online shopping in Australia rebounds, driven by Chinese retailers Shein and Temu. LINK
Free-to-air TV viewership plummets among youth, dropping by 83% among teenagers since 2011. LINK
Global News
Bitcoin 'halving' update reduces miner rewards, slashing the bitcoin amount dispensed for transaction validation by half, potentially impacting miner revenues but leaving market prices stable. LINK
Company News
Bonza airline reduces Gold Coast flights, reflecting operational adjustments amid aircraft registration issues and strategic focus on routes from other bases. LINK
Bartercard reduces redundancy payouts, after the Fair Work Commission rules that home-based roles offered to retrenched employees constitute suitable alternative employment. LINK
Meta introduces new AI capabilities across its platforms, though its deployment has led to some unexpected interactions, with broader plans for more advanced AI models in the future. LINK
Commodity traders like Vitol and Trafigura are investing in big data and AI. LINK
Chemist Warehouse nears $9 billion merger with Sigma Healthcare, potentially seeing softer regulatory resistance to its dominance in the pharmacy retail and distribution market. LINK
ABC's advertising expenditure rises to $20.1 million annually, a 69% increase, in an effort to combat declining audience numbers across its platforms. LINK
Macquarie agrees to a $10 million fine, acknowledging its failure to adequately monitor third-party transactions which led to unauthorised withdrawals from client accounts. LINK
Netflix excels in Q1 2024, doubling expected new subscribers to 9.33 million globally, driven by original content and strict measures against password sharing. LINK
Dutch government warns of Facebook privacy risks, considering halting its use due to unresolved data protection concerns. LINK
Social media platform X to contest Australian order, refusing to remove posts related to a terrorist attack in Sydney. LINK
OpenAI's GPT-4 matches medical experts in eye health diagnosis, showcasing the potential for AI in clinical applications. LINK
Nike announces 740 layoffs at Oregon HQ, amid cost-cutting efforts following forecasted revenue declines. LINK
American Express beats Q1 earnings forecasts, driven by robust spending by affluent consumers. LINK
Apple complies with Chinese government, removing Meta's WhatsApp and Threads from its App Store in China over security concerns. LINK
Nissan reduces annual profit forecast by 14.5%, attributing the cut to lower vehicle sales and operational challenges, especially in China. LINK
L'Oreal's Q1 sales rise 9.4%, beating forecasts with strong demand in its mass market segment, easing slowdown fears in the US and China. LINK
Hyundai pauses advertising on X, addressing brand safety concerns with the social media platform owned by Elon Musk. LINK
Google restructures AI teams, merging its Research and DeepMind divisions to enhance focus on safe AI development. LINK