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Conor McGregor scraps UFC comeback, will instead run for President of Ireland in 2025.
Pick & Scroll News
September 09, 2024
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Good morning. Whatever difficult challenges you are staring down for the week, you can at least be thankful you are not NASA astronauts Butch and Suni.
The plagued Starliner aircraft successfully returned to Earth over the weekend however the aircraft did not contain the two astronauts that it departed with.
Butch and Suni will return home with rival company SpaceX in February turning an 8 day trip into 8 months. Puts that difficult 30 minute presentation into perspective.
All the headlines and more below...
AUSTRALIAN NEWS
Cash-strapped consumers are giving Australia's liquor makers a headache
Australian liquor makers are experiencing a downturn in sales as cash-strapped consumers reduce discretionary spending. LINK
Over half of the new apartment projects approved on the Gold Coast are at risk of being scrapped or delayed due to rising construction and labour costs. LINK
More Australian households are struggling to afford groceries, leaving charities under strain. LINK
Personal insolvencies are on the rise in Australia. LINK
The spike in burial and cremation costs have led more Australians to opt for budget funerals. LINK
Airfare affordability has worsened, with the cost of a return flight from Sydney to London now requiring an average of 4 days of work - in 2019 it took just 3 days of wages. LINK
Australia’s federal and state governments will invest $4.7B to combat domestic violence, focusing on improving legal aid, tracking high-risk offenders and reviewing alcohol laws. LINK
Office values have dropped by 22% over the past 2 years due to the rise of remote work and high interest rates. LINK
Government spending fuelled nearly half of all jobs created in H1 2024. LINK
Katanning, a small town in WA, has seen a surge in tourism thanks to viral YouTube videos by Malaysian content creators. LINK
QLD farmers' debt has increased by 8.2% over the past 3 years, driven by higher land values. LINK
GLOBAL NEWS
Venezuela opposition candidate flees to Spain
Venezuelan opposition candidate Edmundo Gonzalez has fled to Spain following a contested election against President Nicolás Maduro. LINK
Global gold ETFs saw inflows for the 4th consecutive month in August. LINK
The UK's antitrust regulator has found Google guilty of abusing its dominant position in digital advertising, alleging anti-competitive practices. LINK
Japanese products, including cars, beer and whisky, are seeing a surge in popularity in South Korea as relations between the two countries thaw. LINK
COMPANY NEWS
Westpac sued by its head of audit for alleged bullying
Westpac's head of audit has sued the bank, alleging she was bullied after raising concerns about financial crime and fraud within one of its franchises. LINK
PwC UK will track employee locations as part of a stricter hybrid working policy, requiring staff to spend at least 3 days a week in the office or with clients. LINK
Chartered Accountants Australia and New Zealand will launch a new program allowing individuals without a university degree to become chartered accountants to address labour shortages through an apprenticeship-like training scheme starting in February. LINK
Transurban is in negotiations with the NSW government over a toll fare overhaul in Sydney. LINK
Star Entertainment will sell its leasehold interest in the Treasury Brisbane Casino for $67.5M. LINK
Nike is facing increasing investor pressure to improve working conditions at its garment factories over labour rights and supply chain concerns. LINK
OpenAI now has more than 1 million paid business users across its products, including ChatGPT Enterprise. LINK
Apple’s new iPhone will feature Arm's V9 chip technology to boost AI capabilities. LINK
Tesla announced plans to launch its Full Self-Driving (FSD) software in Europe and China, ahead of unveiling its robotaxi product "Cybercab." LINK
Toyota has reportedly cut its 2026 electric vehicle production target by one-third to 1 million units due to slowing EV sales. LINK
Amazon expects exports from Indian sellers to reach $5B in 2024. LINK
Snap is facing a lawsuit from New Mexico, alleging that Snapchat's policies have facilitated the sharing of child sexual exploitation material. LINK
PayPal is expanding into US point-of-sale payments by integrating its debit card with Apple's mobile wallet and offering cashback reward. LINK
Marriott International has reported that the booking window in Greater China has shortened to less than 3 days, reflecting growing uncertainty in travel plans. LINK
Chrysler is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system. LINK
CHART OF THE DAY
Middle East and Central Asian economies suffer nearly a decade after intense conflict, while impacts elsewhere fade after 5 years
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TRIVIA
Love Actually
Hugh Grant, who gave us one of the greatest dance scenes of all time in Love Actually, turns 64 today (hope that doesn't make you feel old). Can you put 5 of his movies in order of most recent to oldest?
Four Weddings and a Funeral
Bridget Jones's Diary
Love Actually
The Gentleman
Notting Hill
Answers below
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ANSWERS
1. Four Weddings and a Funeral (1994)
2. Notting Hill (1999)
3. Bridget Jones's Diary (2001)
4. Love Actually (2003)
5. The Gentlemen (2019)
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