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Tinder, Maccas and Paris Olympics
Global tech layoffs peak, a shortfall in student accom, and a new cheaper EV.
Pick & Scroll News
March 18, 2024
One Read, All Perspectives
Australian News
Older Australians may face increased costs for in-home aged care, as the Aged Care Minister seeks to balance taxpayer and individual contributions. LINK
MYOB predicts insolvency risk for over 20% of SMEs due to new payday super laws, highlighting challenges of simultaneous superannuation and wage payments. LINK
High living costs trigger job hunting, as data reveals a record number of people considering changing jobs amid job security concerns. LINK
Aged care workers secure up to 14% pay rises, raising inflation concerns and adding billions to the federal budget. LINK
Australian wine growers face a prolonged glut, with thousands of hectares of grapes being removed due to tariffs and shifting consumer preferences. LINK
ACCC inquires if news outlets can survive without Facebook, asking for financial details and impact assessments from major media groups. LINK
Bureau of Meteorology's weather forecast errors cost businesses millions, as unexpected summer rainfall contradicts El Niño dry warnings. LINK
Shortfall in student accommodation as international student numbers rise, with an expected annual gap of 7,000 beds. LINK
Farm land values expected to rise with an increase in cattle and sheep prices, predicting stronger competition for available properties. LINK
Farming bodies accuse supermarkets of creating food wastage, with significant produce loss reported by growers. LINK
Livestock prices fall as processors withdraw from auctions, impacting demand and sales trends at national saleyards. LINK
Home builders keep financials secret, risking consumer deposits with companies close to collapse. LINK
Global News
Global tech industry layoffs reach a peak not seen since the 2001 dot-com crash, with over 50,000 jobs cut at more than 200 companies. LINK
France to request Russia for a ceasefire in Ukraine during the Paris Olympics. LINK
India’s Bengaluru faces a water crisis, exacerbated by climate change and a hot early year. LINK
Job seekers in China are turning to Tinder as a networking tool amid a tough labour market. LINK
Company News
McDonald's apologises for a global systems outage, denying cybersecurity issues and working on restoration. LINK
Corporate Travel Management's margins from UK asylum seeker housing could be over 50%. LINK
PwC seeks buyers for its Indigenous Consultancy amidst firm-wide restructuring and scrutiny. LINK
Australian Grand Prix to surpass $100 million in revenue, with tickets sold out, partially driven by Netflix's series 'Drive to Survive'. LINK
Qatar Airways plans to expand in Australia and introduce first-class cabins on more aircraft. LINK
Xpeng to launch a new, more affordable EV brand amid intense competition in China's EV market. LINK
Other News
"Oppenheimer" achieves success at the Oscars and box office, but its release in Japan brings controversy over the portrayal of J. Robert Oppenheimer. LINK