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Have you ever been asked to step up into an 'acting' role or been offered a 'promotion' only to find it's twice as much work without any extra money?
Pick & Scroll News
November 25, 2024
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Good morning. Have you ever been asked to step up into an 'acting' role or been offered a 'promotion' only to find it's twice as much work without any extra money?
Well the CEO of Zomato, a publicly listed food delivery company in India, advertised for a Chief of Staff role which would have no salary in the first year and the successful applicant would have to pay the company 2 million Indian rupees ($36,000 AUD) for the privilege.
The job market can't be great in India because the ad received 18,000 applicants in 24 hours.
All the headlines and more below...
AUSTRALIAN NEWS
Australia Post letters and stamp prices to go up
Australia Post has proposed increasing ordinary letter prices from $1.50 to $1.70 from July 2025, pending ACCC approval. LINK
The federal government's proposed legislation to regulate misinformation on social media platforms has been abandoned after being rejected by key political parties and senators. LINK
Migrant business owners represent over one-third of Australia's small businesses. LINK
Border Force is trialing facial recognition technology for passport-less clearance at Sydney Airport, with successful preliminary results, aiming for widespread use by 2030. LINK
Australian wholesale electricity prices spiked dramatically over winter 2024, exceeding $5,000 per megawatt hour 54 times, compared to 10 times the previous year. LINK
Apartment prices are increasing more rapidly than house prices in nearly two-thirds of suburbs across Australia. LINK
A growing divide between young Australian men and women shows increasing directionless behaviour among young men. LINK
The Albanese government's expedited attempt to ban social media for under-16s is facing backlash due to inadequate consultation time for industry feedback. LINK
Australia is set to achieve a record year for mutton exports, with over 200,000 tonnes shipped abroad, primarily to China, as processing rates and flock sizes significantly increase. LINK
GLOBAL NEWS
Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona
Tens of thousands of Spanish protesters have gathered in downtown Barcelona against skyrocketing rental costs and lack of affordable housing. LINK
President Vladimir Putin has announced the use of a new intermediate-range hypersonic missile in Ukraine. LINK
The US dollar has reached a 13-month high amid Federal Reserve interest rate uncertainty, while Bitcoin surges towards US$100,000. LINK
Elon Musk has criticised the Albanese government's social media ban for under-16s. LINK
COMPANY NEWS
NextDC chief endorses nuclear power for Australia as data centre investment ramps up
NextDC CEO Craig Scroggie has advocated for nuclear power adoption in Australia to support the AI-driven tech economy, while the company's shares fell 1.7% amid staff retention concerns. LINK
Coles executives have clashed with ACCC officials over farmer commitment legality in a public hearing. LINK
Meta is pushing for Google and Apple to handle age verification for app users as US legislation momentum builds. LINK
The ACCC is probing PEXA Group for supposedly threatening banks over intellectual property rights to impede competition. LINK
Aussie Home Loans franchisees have challenged Lendi's board over concerns about marketing practices, commission cuts and app compatibility with franchise agreements. LINK
Qantas has been the largest purchaser of its own shares since the Covid-19 pandemic, opting for buybacks instead of paying dividends. LINK
Formula 1 is negotiating with ESPN for new US media rights as its exclusivity period nears end. LINK
CHART OF THE DAY
Chrome’s rise to browser dominance
ONE MORE SCROLL
Editor’s Pick: Microsoft will soon let you clone your voice for Teams meetings.
Draft Pick: Max Verstappen wins 2024 F1 world title as Red Bull driver closes out Drivers' Championship at Las Vegas GP.
Odd Pick: Ancient Roman gladiators were huge celebrities who even had their own merch.
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TRIVIA
Argentina
Diego Maradona, Argentine hero, died 4 years ago today. We thought we’d dive into all things Argentina for our Monday trivia.
What is the capital city of Argentina?
a) Córdoba
b) Mendoza
c) Buenos Aires
d) Rosario
Which region of Argentina is famous for its glaciers and natural beauty?
a) Pampas
b) Patagonia
c) Chaco
d) Tierra del Fuego
What is the name of the famous waterfalls located on the border between Argentina and Brazil?
a) Iguazu Falls
b) Angel Falls
c) Victoria Falls
d) Niagara Falls
What year did Argentina win its first FIFA World Cup?
a) 1930
b) 1978
c) 1986
d) 1990
Which mountain, the highest in South America, is located in Argentina?
a) Mount Chimborazo
b) Mount Aconcagua
c) Mount Illimani
d) Mount Huascarán
Answers below
OUR SOCIALS
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ANSWERS
1. c) Buenos Aires
2. b) Patagonia
3. a) Iguazu Falls
4. b) 1978
5. b) Mount Aconcagua
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