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- 🗞️ Trick or treat 🎃
🗞️ Trick or treat 🎃
It's Halloween tonight and the chances of you caring are probably pretty slim.
Pick & Scroll News
October 31, 2024
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Good morning. It's Halloween tonight and the chances of you caring are probably pretty slim.
However, it might be worth checking the cupboard to ensure you've got something appropriate in case that one kid in your street knocks on your door tonight. No one wants to be 'that guy' who gives out fruit on Halloween night.
Happy trick-or-treating, or not. 🎃
All the headlines and more below...
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AUSTRALIAN NEWS
Cruise Ships are Attracting Younger Aussies as Passenger Numbers Surpass Pre-Pandemic Levels
The average age of cruise ship customers has decreased post-pandemic, as younger Australians increasingly choose cruises, surpassing pre-Covid passenger numbers. LINK
Australia's annual inflation dropped to 2.8% in Q3 2024, the lowest in over 3 years, due to electricity bill rebates. LINK
The lack of new housing construction is primarily due to viability issues, as many development projects remain not feasible despite planning and zoning discussions. LINK
Australia's cost-of-living pressures are easing, with fewer consumers under financial stress and 30% now expecting their finances to improve within the next year, up from 24% last year. LINK
Australia plans to establish a missile factory, in partnership with Lockheed Martin, to annually produce 4,000 missiles at a cost of $316M amid rising tensions with China. LINK
Australian telcos are in discussions to implement Rich Communication Services, an enhanced messaging technology that could reduce spam and provide features similar to WhatsApp and iMessage. LINK
GLOBAL NEWS
French Economy Boosted by Olympic Games
France's economy grew by 0.4% in Q3 2024, surpassing forecasts, mainly due to increased consumer spending from the Paris Olympic Games. LINK
Ukraine and Russia are engaging in preliminary talks to stop strikes on each other's energy infrastructure. LINK
Investors are pouring into Bitcoin and gold as they position for a potential Donald Trump victory in the upcoming US election, causing Bitcoin to jump over 8% and gold to reach a new high. LINK
People born between 1965 and 1996 face a higher risk of developing 17 types of cancer compared to those born before World War II. LINK
COMPANY NEWS
Qantas sues former captain accused of spying for Virgin
Qantas is suing a former pilot in Federal Court for allegedly transferring thousands of megabytes of company documents to his personal accounts ahead of his transition to a senior role at Virgin Australia. LINK
Woolworths expects its profits to slip this year as it cuts prices for grocery items, including meat and pantry goods, as Australians, pressured by rising living costs, increasingly choose cheaper products. LINK
Visa plans to lay off approximately 1,400 employees and contractors, primarily in technology and merchant sales roles despite consumer spending remaining resilient. LINK
Melbourne non-bank lender Oak Capital is under scrutiny by regulators for reportedly evading lending rules and allegedly sending enforcers to a borrower's home to settle a debt. LINK
Channel Seven Adelaide has been fined $100,000 for contempt of court due to sensationalist reporting linking a rape trial to unrelated, discontinued charges. LINK
Xero and an engineering manager are facing a Fair Work lawsuit in Australia after a software engineer alleged she experienced bullying and unequal pay compared to her male colleagues. LINK
Consumers have filed a proposed class action lawsuit against McDonald's, seeking over US$5M in damages, after experiencing E.coli symptoms allegedly linked to onions in their Quarter Pounders. LINK
Southern Cross University is discontinuing its creative arts programs due to a significant decline in demand nationwide. LINK
ANZ Bank has announced an organisational overhaul to streamline operations and enhance data analytics, responding to regulatory issues linked to its bond trading department. LINK
Star Entertainment reported a first-quarter loss with an 18% revenue drop to $351M. LINK
Snap exceeded revenue expectations driven by enhanced ad features that attracted advertisers back to the platform. LINK
Reddit reported its first quarterly profit and a strong revenue forecast, driven by AI content licensing deals and increased digital advertising. LINK
Afterpay co-founder Anthony Eisen announced he is stepping down from his executive role at Block to pursue other interests. LINK AFR
Italian luxury outerwear maker Moncler reported a 3% decline in Q3 revenues as global demand weakened across all major markets. LINK
Adidas has reached an out-of-court settlement with rapper Ye, resolving all legal disputes without any financial exchange. LINK
Toyota's global production fell 8% in September—the 8th consecutive month of decline—due to decreased sales and output in the US and China. LINK
Flight Centre is acquiring Manchester-based Cruise Club UK to boost its presence in the UK leisure market. LINK
Alphabet's Q3 earnings saw a 15% revenue growth, surpassing expectations due to robust Google Search and AI demand, with its Google cloud division showing significant growth (35%). LINK
McDonald’s experienced a significant global sales decline of 1.5% in Q3, the largest in 4 years, as consumer spending waned across key markets including the US, Europe and China. LINK
BP reported its weakest quarterly profit in nearly 4 years due to lower oil prices and refinery margins. LINK
ONE MORE SCROLL
Editor’s Pick: The 10 most popular pet names of 2024.
Draft Pick: Australia's Diamonds rebound to avoid historic Silver Ferns clean sweep.
Odd Pick: In Japan, this man with 6 partners wants to father 54 children, earn the title of ‘god of marriage’.
TRIVIA
HSC Legal Studies Exam
We delve into legal studies today so if you're one of our subscribers who work in a law firm and punch out 80 hour weeks then today’s your day to feel good about yourself.
In criminal law, what is "mens rea"?
A) The physical act of a crime
B) The mental element or intention to commit a crime
C) The punishment for a crime
Which legal system is the basis for law in Australia?
A) Civil law
B) Common law
C) Sharia law
Which court is the highest in the Australian judicial system?
A) Supreme Court
B) Federal Court
C) High Court
Which international document outlines the fundamental human rights and freedoms for all people?
A) The Geneva Convention
B) The Universal Declaration of Human Rights
C) The NATO Charter
What does "habeas corpus" mean?
A) Right to privacy
B) Right to a fair trial
C) You shall have the body (right to challenge unlawful detention)
Answers below
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ANSWERS
1. B) The mental element or intention to commit a crime
2. B) Common law
3. C) High Court
4. B) The Universal Declaration of Human Rights
5. C) You shall have the body (right to challenge unlawful detention)
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