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Trump suggested that police should be given “one really violent day” to combat retail crime, “one real rough, nasty day”.
Pick & Scroll News
October 03, 2024
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Good morning. At a rally this week, former US president Donald Trump suggested that police should be given “one really violent day” to combat retail crime, “one real rough, nasty day”.
Trump then shortened the period in question to an hour and said: “One rough hour - and I mean real rough - the word will get out, and it will end immediately.”
We've decided that Trump is probably not the best person to go to for advice on your misbehaving kids.
All the headlines and more below...
AUSTRALIAN NEWS
First plane officially lands at Western Sydney Airport
The first plane has successfully landed at Western Sydney Airport, marking a significant milestone in the 6-year construction project, with larger passenger planes expected in 2 years. LINK
NAB has called for lower home loan buffers and the exclusion of HECS-HELP debt from loan calculations to help first-time buyers get into the property market. LINK
Side hustles are on the rise in Australia, driven by inflation and stagnant wages, with many people holding multiple jobs to supplement household incomes. LINK
Victoria is struggling economically, falling behind other states in new business growth, with corporate leaders warning of financial peril due to high taxes and debt. LINK
The ATO is cracking down on taxpayers who underreport luxury assets like private jets and yachts, using insurance records to cross-check values and ensure compliance. LINK
Victorian property investors are driving up house prices in SA as they look to avoid increased land taxes in their home state. LINK
Caps on international students were not intended to lower migration, according to a Senate hearing, contradicting government statements about capping numbers to control migration. LINK
Data reveals that most of Sydney's affordable homes are located in the western suburbs. LINK
Temporary migrants and international students are driving Australia's population growth, contributing 83% of growth in the past year. LINK
Melbourne dominates Australia's new data centre projects, as the city becomes a hotspot for AI-related developments. LINK
GLOBAL NEWS
A difficult time to sell art: Van Gogh and Monet’s works fail to meet expectations
Despite below record-breaking prices, Monet and Van Gogh paintings set an Asian auction record in Hong Kong - the above Les canots amarrés, 1887, was sold for US$32M. LINK
The EU Commission has requested information from YouTube, Snapchat and TikTok on how their content algorithms amplify risks related to elections and mental health. LINK
Ireland introduced a mansion tax, imposing a new 6% stamp duty on properties worth over €1.5M, expected to raise €80M annually. LINK
Russia fined Google and Discord for failing to remove content deemed illegal, continuing its crackdown on foreign technology platforms. LINK
COMPANY NEWS
‘Nestle of Australia’: SPC goes for gold with three-way merger
A three-way merger between SPC, Original Juice Co and Nature One will create a new food giant. LINK
Samsung is laying off staff globally, including 100 in Australia, as the company adjusts to rising interest rates and inflation affecting consumer spending. LINK
ANZ lost its appeal over a botched $2.5B capital raise. LINK
Private health insurers like Bupa and Medibank are under fire from the NSW government for allegedly exploiting the public healthcare system, adding $140M in costs. LINK
Westpac was blacklisted by the RBA for 12 months following a suspected leak of a private discussion with then-deputy governor Michele Bullock. LINK
Country Road Group will restructure its operations, focusing on improving its sourcing and supply chain, and plans to expand its market in South Africa amid falling sales and profits. LINK
Virgin Australia CEO pledged to support the survival of Rex's regional flights, even as the airline struggles in voluntary administration. LINK
Qatar Airways paid around $750M for its 25% stake in Virgin Australia, setting a $3B valuation that could impact the airline's IPO next year. LINK
Volvo Cars reported a slight 1% rise in sales in September, driven by strong performance in Europe despite declines in the US and China, with electrified models accounting for 48% of sales. LINK
OpenAI has introduced new tools to help developers fast-track the building of AI voice assistants with a real-time tool that consolidates transcription, text generation and text-to-speech steps into one. LINK
Apple is preparing to release an updated iPhone SE and upgraded iPad Air models early next year. LINK
CHART OF THE DAY
ASX 200 vs. Industrials excl. Banks, Banks and Resources
ONE MORE SCROLL
Odd Pick: Fox News cuts off former US President after he veers off topic and goes on a bizarre rant about furniture quality.
Draft Pick: Olivia Kernick of the Roosters and Jahrome Hughes of the Storm were named as the 2024 Dally M medal winners.
Editor’s Pick: World’s ‘coolest’ neighbourhoods for 2024 named, of which Australia is ranked 7th.
BRAINTEASER
How well is your brain working today?
Four friends are standing together.
Aaron says: “Only one of us is saying something false.”
Bridget says: “Exactly two of us are saying something false.”
Caitlin says: “Exactly three of us are saying something false.”
David says: “Exactly four of us are saying something false.”
Which one of the friends must be telling the truth?
A) Aaron
B) Bridget
C) Caitlin
D) David
Answer below
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