- Pick & Scroll News
- Posts
- Robodebt, Shein & Diamonds
Robodebt, Shein & Diamonds
Tesla shareholders to vote on Musk's US$56B pay package.
Pick & Scroll News
June 14, 2024
One Read, All Perspectives
Australian News
Chinese and Australian business leaders will discuss co-operation on climate change and other sectors during Premier Li Qiang's visit. LINK
Housing in Sydney, Melbourne and Adelaide has been labelled as "impossibly unaffordable," with median prices 9 times household income. LINK
New home builds in Victoria will see a 65% increase in building insurance costs from August. LINK
Researchers suggest ChatGPT could significantly impact stock analysis and funds management. LINK
The Australian dollar saw its largest jump in a month, reaching US67.04¢, after a slowdown in US inflation raised hopes for rate cuts by the Federal Reserve this year. LINK
The National Anti-Corruption Commission will be subject to an independent inquiry after nearly 900 complaints about its decision not to investigate Robodebt referrals. LINK
Australia's jobless rate fell to 4% in May, with the labour market showing resilience to higher interest rates and absorbing a surge in foreign workers. LINK
The ATO has warned property investors against "double-dipping" on tax returns by claiming expenses as both instant write-offs and for depreciation. LINK
A Senate committee has demanded PwC disclose the staff involved in its tax scandal and recommended new rules for consulting firms in government contracts. LINK
Morgan Stanley forecasts the Australian dollar to hit US70c. LINK
Global News
Company News
The ACCC raised competition concerns about Chemist Warehouse's merger with Sigma Healthcare, highlighting potential price hikes for consumers. LINK
Bet365 is being investigated for potentially breaching rules banning credit card deposits into online gambling accounts by allowing deposits via third parties. LINK
Google has not joined Australia's banks, telcos and Meta in an agreement to share intelligence on financial scams, aimed at combating growing fraud. LINK
Treasury Wine Estates announced a minor restructure of its premium brands division to boost growth, potentially leading to a future spin-off or sale as it focuses more on luxury wines. LINK
Shein has increased prices on some core products by over a third ahead of its IPO, outpacing rivals H&M and Zara in price hikes. LINK
Ord Minnett was found to have breached workplace laws by failing to pay minimum wages and leave entitlements to a senior wealth adviser. LINK
Tesla shareholders to vote on a US$56B pay package for Elon Musk and moving the company's legal home to Texas. LINK
Shein has committed to sustainability and ethical labour policies when joining the British Retail Consortium. LINK
Honda Motor will sell a micro-sized electric van for Japan's delivery industry in October. LINK
ASX shares fell 8% as investors reacted to high capital expenditure requirements for technology projects, including rebuilding the CHESS system and upgrading other platforms. LINK
Samsung Electronics announced a turnkey approach for AI chipmaking, integrating memory chip, foundry and chip packaging services to reduce production time by 20%. LINK
Escape will open a pay-per-use airport lounge at Brisbane International Airport by the end of the year, filling the void left by the departure of Plaza Premium and Aspire lounges. LINK
The collapse of Hartwig Air has left aviation students tens of thousands of dollars out of pocket. LINK
This Week’s Top Picks
NSW universities face ongoing financial challenges, with 8 out of 10 recording losses due to falling domestic enrolments and high staff costs . LINK
Families are struggling to find the children's antibiotic Azithromycin as whooping cough cases soar. LINK
Executive pay at ASX-listed companies rose by double digits last year, with CEOs seeing a 14% increase and managing directors an 11% rise. LINK
Australia Post has introduced a next-day delivery service called Metro to meet the growing demand for fast and convenient parcel delivery. LINK
Australian business conditions weakened in May due to slowing sales and profit growth, while cost pressures showed signs of re-accelerating. LINK
Commonwealth Bank is seeing scammers use generative AI enhances the quality and volume of SMS phishing scams, especially during the tax return season when scam activities peak. LINK
Australians are fuelling a travel boom despite rising interest rates and inflation, with many funded by parental support. LINK
About 2,000 jobs have been lost in the international education sector due to migration cuts. 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
Meta will start using Australians' Facebook and Instagram activity to train AI tools without an opt-out option. 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
