Pears, Sara Lee and Adidas

Australian News

• SA Government faced a cybersecurity breach, potentially exposing data of numerous individuals. LINK

• Dairy industry workers went on strike, causing 14,000 litres of premium milk to be dumped. LINK

• Hydrogen-powered garbage trucks debut in NSW, aiming to offer both environmental and noise reduction benefits to residents. LINK

• Pear consumption falls among Australians, leading to a 62% plummet in pear production value over the past decade. LINK

• Rentals in 80 Australian suburbs still cover interest repayments despite rising home values and interest rates. LINK

• Australian house prices are set to rise 7.7% this year and 4.5% in 2024, according to economists. LINK

• Email habits outside of work hours jeopardise cybersecurity. LINK

• Listed landlords risk breaching loan covenants due to falling commercial property prices. LINK

Global News

• Xi Jinping and Vladimir Putin pledge to deepen trust amidst the escalating Israel-Hamas conflict. LINK

• Japan sees international visitors return to 96% of pre-Covid levels, despite a lagging Chinese market. LINK

• India extends sugar export restrictions, causing a potential rise in global food costs. LINK

• Gold prices rise due to increasing Middle East conflict. LINK

• China's economy grew faster than expected in Q3, indicating effectiveness of recent policy measures. LINK

Company News

• Commonwealth Bank has been targeted by scammers using deepfake technology and social media. LINK

• Credit Corp shares tumble as debt repayments in the US decline, impacted by inflation. LINK

• Goldman Sachs faces a slump in profitability due to real estate write-downs and a lack of deals. LINK

• Glencore is set to eliminate 1,200 jobs by shutting down its copper mines in Mount Isa by 2025, affecting the local economy and copper supply chain. LINK

• Aware Super plans to invest $2B in small-scale solar and batteries, circumventing obstacles in the energy grid. LINK

• Mirvac will invest $600M in land lease communities, targeting downsizing baby boomers. LINK

• Sara Lee, known for its desserts, seeks a buyer after going into voluntary administration. LINK

• Seven Network is amplifying the use of AI on its streaming platform, 7plus, for targeted advertising. LINK

• X, formerly Twitter, will test a $1 annual subscription for basic features. LINK

• Volvo anticipates slower truck markets in 2024. LINK

• Amazon plans to standardise its box sizes to fit 200M items into 50 boxes, as part of its sustainability efforts. LINK

• Adidas shares gained 4% after revising its loss guidance for the year, owing to Yeezy stock sales. LINK

• Microsoft is in talks to bring Amazon as a customer for its 365 cloud tools in a deal exceeding $1B. LINK

• Nvidia saw nearly an 8% drop in its shares after the US government restricted its chip sales to China.

Other News

• A uni student has deciphered ancient scrolls buried for 2,000 years using AI technology. LINK

• Goldman CEO David Solomon will cease public DJing due to criticisms that it contradicts his professional role. LINK

This Week’s All Star Picks

• YouTube is cracking down on ad-block users by constantly changing its ad-blocking detection scripts.

• Netflix might raise subscription prices after successfully curbing password sharing

• Australian live cattle export prices to Indonesia have plummeted by over 50% in the past 18 months with Indonesia increasing its number of boxed imports.

• Melbourne and Sydney inner property markets see a decline in investors due to weak capital growth and elevated holding costs; Melbourne's investor-owned listings reach 60% in the September quarter.

• Argentina discloses a 12.7% inflation rise in September, leading to a staggering 138% annual rate.

• Atlassian seals its largest-ever deal, acquiring video-messaging startup Loom for $US975M, investing in remote work trends.

• Canva informally advises emerging startups on hiring in Manila, contrasting tech industry appeals for more Australian roles.

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