🗞️ Shoplifting

Good morning. If you work in retail (or if one of your hobbies is shoplifting), you might be interested in this story:

Surveillance company Flock Safety is looking to sell drones directly to retailers that can track shoplifters and send a video feed to police.

This story did make us wonder whether the grocery shoppers who sneak a bite in the Pick & Mix ever get caught? 

All the headlines and more below...

AUSTRALIAN NEWS

Virgin Australia, CSL, Dominos Pizza, TPG and Transurban were not required to pay any tax in FY24

• Nearly 28% of Australian companies earning over $100M have paid no corporate tax whilst tax avoidance among large businesses remains a concern. LINK

• There have been calls to reform Australia’s pension age, which increased from 65 to 67 in 2023, as concerns rise that physical demands make it harder for manual workers whilst prompting debate on occupation-specific reform. LINK

• Generation Alpha is entering the workforce with new values around work-life balance and technology, following Generation Z. LINK

• Australian living standards are at risk as poor productivity growth persists despite falling inflation, rising wages and predicted rate cuts supporting household spending. LINK 

• Australia’s superannuation pool has grown to $4.3T as regulators warn that its rising market dominance poses new risks to the financial system. LINK

GLOBAL NEWS

UNICEF finds more obese children malnourished

• More children worldwide are both overweight and undernourished as rising consumption of ultra-processed foods drives the dual burden. LINK 

• The US money supply has surged by US$2.2T since May 2023 as ongoing interest rate cuts and AI optimism fuel asset growth and stock market highs. LINK 

COMPANY NEWS

Base formulation may be linked to 21 sunscreens falling short of SPF claims

• TGA has flagged 21 sunscreens with possibly overstated SPF ratings as low as SPF 4, linking the issue to a faulty base made by Wild Child Laboratories. LINK

• CBA experienced a 3-hour nationwide service outage during lunch, with millions impacted across payments, internet banking and ATMs. LINK

• General Pants closed 16 stores in 13 months as parent Alquemie Group restructured the business amid high rents, market pressures and online competition. LINK

• CBA admitted offshoring roles to India after 283 redundancies whilst unions revealed some cuts were directly refilled offshore despite earlier denials. LINK  

• Apple has halted the development of a budget Vision Pro headset as it redirects its efforts toward smart glasses targeted for release in 2027. LINK

• Meta will begin using users’ AI chat data for targeted advertising and content on Facebook and Instagram from December 16 without an opt-out option. LINK 

• ASIC lifted the stop order on the La Trobe US Private Credit Fund as the fund updated investment suitability criteria and clarified timelines. LINK

• Universal Music and Warner Music are finalising AI licensing deals with startups and tech companies like Google and Spotify to manage copyrighted content. LINK

CHART OF THE DAY

Where Gen Z protests are rocking the world

ONE MORE SCROLL

Editor’s Pick: Coconut water isn’t hydrating you as much as you think.

Draft Pick: Wallabies team confirmed to play New Zealand in Perth.

Odd Pick: In win for infectious diseases, Florida to end all school vaccine requirements.

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TRIVIA

Brazil has 9 neighbouring countries and an 'overseas territory'. How many of the 10 can you name?

Answers below

OUR SOCIALS

ANSWERS

1. Suriname
2. Guyana
3. Venezuela
4. Colombia
5. Peru
6. Bolivia
7. Paraguay
8. Argentina
9. Uruguay
10. French Guiana (A French overseas region, not a sovereign country)

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