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Qantas Lounges, Farmers, and the ATO
NAB takes on Xero and MYOB, Middle managers are getting retrenched, and Apple is looking to use Google's Gemini.
Pick & Scroll News
March 19, 2024
One Read, All Perspectives
Australian News
Farmers hold $6 billion in tax haven accounts despite a smaller grain harvest and fluctuating cattle prices. LINK
Zoning changes could create 20,000 new homes in Sydney, according to a peak body representing churches, mosques, synagogue and other faith-based groups in the state that has nearly 2,500 parcels of land that could be redeveloped. LINK
Renewable energy spending rebounds as developers gear up for projects to meet 2030 goals. LINK
Unions target small businesses through women, posing a risk to flexible work arrangements. LINK
Smart home device sales rise despite privacy and cost concerns, items vary from internet-connected fridges and washing machines, to smart speakers. LINK
Builders still favour fixed-price contracts post-COVID boom despite risk. LINK
Retrenchments are expected to rise among middle managers due to spiralling operating costs. LINK
Most Australians open to limiting tax breaks for property investors amid housing crisis. LINK
ATO pursues $34 billion in small business debts post-COVID, raising insolvency concerns. LINK
Global News
China's mixed economic growth is marked by a surge in industrial output and investment, while home prices in 70 major cities fell for the eighth consecutive month in Feb-24 as consumer and business confidence remains subdued. LINK
Australian banks benefit from Chinese investment, leading to a rally in banking stocks as investors shift away from the volatile Chinese market. LINK
Company News
Uber agrees to $272 million settlement with Australian taxi and hire car drivers. LINK
Google and Bing under ACCC scrutiny for search quality and competitiveness. LINK
Chinese investors may lose $585 million on Nature's Care, a Sydney vitamins maker now in administration. LINK
Reddit's IPO is oversubscribed, indicating strong interest ahead of its market debut. LINK
Apple in talks to licence Google's Gemini for generative AI features. LINK
Judge criticises Qantas union for delaying compensation claim tactics. LINK
US investigates Meta over role in facilitating illegal drug sales. LINK
Iress plans dividend reinstatement after UK mortgage business sale to Bain Capital for $164.3 million. LINK
Qantas increases club lounge fees by 17%, citing $100 million investment in lounge upgrades. LINK
NAB introduces Bookkeeper software, challenging MYOB and Xero in the accounting market. LINK
AGL links office attendance to bonuses and performance reviews. LINK
The ABC faces significant revenue loss in the standoff between Meta, media and the government. LINK
Other News
This Week’s Top News
MYOB predicts insolvency risk for over 20% of SMEs due to new payday super laws, highlighting challenges of simultaneous superannuation and wage payments. LINK
Shortfall in student accommodation as international student numbers rise, with an expected annual gap of 7,000 beds. LINK
PwC seeks buyers for its Indigenous Consultancy amidst firm-wide restructuring and scrutiny. LINK
Australian Grand Prix to surpass $100 million in revenue, with tickets sold out, partially driven by Netflix's series 'Drive to Survive'. LINK
"Oppenheimer" achieves success at the Oscars and box office, but its release in Japan brings controversy over the portrayal of J. Robert Oppenheimer. LINK