- Pick & Scroll News
- Posts
- Perisher, LVMH & Baby Reindeer
Perisher, LVMH & Baby Reindeer
Coles imposes a 2-carton egg limit across most of Australia due to a bird flu outbreak as nearly 600,000 chickens have been euthanised to prevent disease spread.
Pick & Scroll News
June 11, 2024
One Read, All Perspectives
Australian News
The RBA will not follow Canada's and Europe's interest rate cuts, focusing instead on controlling high inflation. LINK
Australians are fuelling a travel boom despite rising interest rates and inflation, with many funded by parental support. LINK
Travellers are reluctant to pay for greener flights despite their desire for sustainability, with Qantas and Webjet noting a decline in customers choosing to offset flights. LINK
The housing crisis and cost-of-living pressures are increasing reliance on the "bank of mum and dad". LINK
Brisbane motorists face petrol prices of almost $2.30 per litre, prompting calls for the Queensland government to cap daily price. LINK
Holidaymakers on the Gold Coast may see higher short-term rental prices following a 26.21% rate increase for property owners. LINK
The NSW government spends twice as much on consultants compared to public servants, with 20% of the almost $1B spent in 5 years going to non-specialist work. LINK
Shopping centres are experiencing high demand for retail space for the first time in 20 years, driven by new tenants like restaurants and pickleball courts. LINK
About 2,000 jobs have been lost in the international education sector due to migration cuts. LINK
Nearly half of women in early stages of their media careers feel dissatisfied with their jobs. LINK
Ticket sales for Australia's most popular ski fields, including Perisher and Falls Creek, have dropped by 22% due to the worst ski season in decades. LINK
Gen Z employees, adept at AI technology, are leading workplace mentoring and changing work practices faster than any other cohort. LINK
Companies are developing AI tools that can communicate with each other. LINK
Global News
Cryptocurrencies are surging, with Bitcoin breaking US$70,000, driven by optimism over US interest rate cuts. LINK
Global investors poured a net $8.9B into equity funds in the week leading to June 5, driven by optimism that major central banks would cut interest rates. LINK
Far-right parties made significant gains in the EU elections, particularly in France and Germany. LINK
New Zealand has reversed its ban on offshore oil and gas exploration to address energy security concerns, 6 years after they halted new drilling to combat climate change. LINK
Company News
Meta will start using Australians' Facebook and Instagram activity to train AI tools without an opt-out option. LINK
Australia has become the NBA's biggest revenue generator outside the US, driven by high-profile Australian players and strong merchandise and streaming service sales. LINK
Coles has imposed a 2-carton egg limit across most of Australia due to a bird flu outbreak, urging customers not to panic buy as nearly 600,000 chickens have been euthanised to prevent disease spread. LINK
Apple unveiled its "Apple Intelligence" AI strategy, integrating across apps like Siri and partnering with OpenAI to bring ChatGPT to its devices. LINK
Meta launched its first AI-driven ad targeting program for businesses on WhatsApp. LINK
Microsoft unveiled new all-digital versions of its Xbox Series X and S consoles and trailers for over a dozen games. LINK
Macquarie Bank has warned customers of a rise in scams, including investment scams. LINK
Visa and Mastercard face new lawsuits over merchant fees in the UK. LINK
Bonza's administration is at a critical point, with potential buyers given until Friday to submit offers as the last aircraft leaves the country. LINK
Crown Resorts is investing heavily in new hospitality attractions to become less "casino-centric". LINK
Guzman y Gomez has increased its IPO offer to $335.1M. LINK
Netflix will defend a $255M lawsuit filed by Fiona Harvey, who claims she is the inspiration for a character in the series Baby Reindeer. LINK
Aristocrat Leisure is considering exiting the non-gambling computer games market it entered less than a decade ago amid slowing poker machine growth. LINK
An LVMH subsidiary in Italy making Dior handbags was placed under court administration after a probe found it sub-contracted work to Chinese-owned firms mistreating workers. LINK
Healthscope is facing an exodus of senior staff as it grapples with $1.6B in debt and calls on expert advice from US executives. LINK
Foxtel will lose access to popular channels like BBC News and BBC Earth from July 31 as BBC and A&E withdraw their content, and may also lose HBO shows if Warner launches its own platform in Australia next year. LINK
Life360 debuted on the NASDAQ at US$27 per share, aiming to raise US$100M to boost its market presence and credibility. LINK
GameStop reported a decline in sales and announced a more than $3B stock offering ahead of its scheduled earnings release. LINK
