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Spotify, PwC and Tesla
Xero's new AI chatbot, Sweden may reverse uranium ban, and Toyota to invest billions in Brazil.
Pick & Scroll News
March 05, 2024
One Read, All Perspectives
Australian News
A surprise fall in company inventories threatens to reduce December-quarter GDP growth by 1 percentage point, signalling the potential for Australia's first economic contraction since the pandemic. LINK
House prices in upscale suburbs of Sydney and Melbourne surged by up to $242,000 in three months. LINK
New house approvals in Australia dropped to their lowest in nearly 12 years due to rising costs. LINK
Telecom operators are progressing towards the next stage of mobile internet, "5.5G" or "5G Advanced", before even finishing their 5G rollout. LINK
Global News
Sweden is potentially reversing its ban on uranium. LINK
Company News
Toyota will unveil an 11 billion Brazilian real ($2.2 billion) investment plan in Brazil to bolster its manufacturing capabilities. LINK
Xero introduces JAX, an AI chatbot designed to automate the process of chasing unpaid invoices and applying late fees. LINK
Spotify accuses Apple of undermining the EU's Digital Markets Act with its new fee structure, a move that could result in a €500 million fine. LINK
Downer EDI implicates KPMG in a shareholder class action for allegedly failing to disclose issues with a $600 million AusNet Services contract. LINK
The ACCC is taking Mosaic Brands (Noni B, River, Millers) to court for not meeting its own advertised product delivery timelines. LINK
Japanese company J-Power, offers a $375 million bid for Genex Power. LINK
Meta’s refusal to pay for news content in Australia sets a precedent, challenging the country's efforts to regulate tech giants and their impact on democracy and the economy. LINK
Confidential deals between Facebook and Network Ten reveal the social media giant's stringent demands and threats, shedding light on its strategies to avoid government-imposed news payment schemes. LINK
PwC wins an $11 million audit contract for the National Broadband Network amid ongoing government scrutiny and ethical standard reviews. LINK
CBA achieves a new high on the ASX despite widespread analyst skepticism. LINK
Tesla to earn billions by opening its US charging network to Ford and other EV drivers. LINK
This Week’s Top Picks
Chartered Accountants ANZ faces scrutiny for failing to uphold professional standards. LINK
Western Australia has become the first state to ban single-use, non-compostable coffee cups to prevent millions from ending up in landfill, with South Australia following suit. LINK
A carbon dioxide shortage is impacting soft drink supplies in supermarkets, with major supplier BOC prioritising medical, safety, and water treatment customers. LINK
Mortgage stress rates surged at the fastest pace in nearly two years, with non-bank lenders shifting focus to investor loans. LINK
Australians distrust AI, with significant regional disparities in opinions on integrating artificial intelligence in government services. LINK