🗞️ Tamagotchi Eduardochi

If you grew up in the 90's then you probably remember trying to keep a Tamagotchi alive.

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Good morning. If you grew up in the 90's then you probably remember trying to keep a Tamagotchi alive.


KFC in Spain is chasing the 90's nostalgia with a new Tamagotchi called Eduardochi. The KFC spin? Eduardochi is a Chicken Drumstick so you have to constantly feed the Drumstick to keep him alive.


Originally $4, the resell price is now $30 proving once again that the world is a weird place.


All the headlines and more below...

AUSTRALIAN NEWS

How Victoria became one of the rich world’s most indebted states

  • Victoria has become the 4th-most indebted advanced economy state government outside the US, with concerns about overbuilding. LINK

  • A parliamentary inquiry's final report has highlighted the financial services industry's role in addressing financial abuse affecting women and children. LINK

  • Gold Coast property prices have surged by 80.7% over the past 5 years, outperforming all Australian capital cities in growth. LINK

  • Australian investment bankers face disappointing bonus season despite steady corporate activity, leading to staff departures and hiring freezes at some Wall Street banks. LINK

  • Australian households have increased cash deposits to a record $1.54T in October while mortgage borrowers face a 62% increase in repayment costs compared to 2022. LINK

  • A CSIRO report has found that renewables remain the most cost-effective energy option in Australia, while large-scale nuclear projects show no cost advantage. LINK

GLOBAL NEWS

Japan's bankruptcies set to hit 11-year high in 2024

  • Japan is expected to see bankruptcy filings exceed 10,000 in 2024, marking the highest level since 2013. LINK

  • Donald Trump's transition team has invited tech giants including Google, Meta and Snap to discuss strategies for combating online drug sales. LINK

  • Rising temperatures due to climate change are increasingly endangering garment workers in Bangladesh, Vietnam and Pakistan, as temperature days above 30.5°C have surged by 42% between 2020-2024 compared to 2005-2009. LINK

COMPANY NEWS

Hit to Woolworths sales from strike grows to $140m, expected to rise

  • Woolworths faces a $140M financial impact from a distribution center strike, despite reaching a pay deal with the United Workers Union. LINK AFR

  • Bank of Queensland is targeting a $350M cash profit this financial year, exceeding market expectations. LINK

  • ANZ has appointed Nuno Matos, former HSBC executive, as its new CEO to succeed Shayne Elliott, with shares dropping nearly 3% following the announcement. LINK

  • Google has renewed its news licensing agreement with Country Press Australia, incorporating over 200 regional publications into its News Showcase platform. LINK

  • Sonic Healthcare has announced plans to acquire German lab group Dr Kramer & Colleagues for $700M to expand its European presence. LINK

  • CBA will establish banking operations in Nauru in 2025 as part of a new Nauru-Australia Treaty, following Bendigo Bank's exit. LINK

CHART OF THE DAY

Big tech is reaping a big payoff from AI

ONE MORE SCROLL

Editor’s Pick: Porsche is building $40M condos in Bangkok.

Draft Pick: Baseball superstar Juan Soto set to sign 15-year, $1.2 billion contract with New York Mets.

Odd Pick: Raygun musical cancelled after viral Olympian's legal threat.

TRIVIA

Pear vs Apple


It's national pear month this month so we thought we would put the pear up against its arch enemy, the apple, in a game of Pear vs Apple. Can you name which brand is an apple and which is a pear?

  1. Bartlett

  2. Packham's Triumph

  3. Honeycrisp

  4. Bosc

  5. Comice

  6. Fuji


Answers below

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ANSWERS

1. Pear
2. Pear
3. Apple
4. Pear
5. Pear
6. Apple


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