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University Reform, Dreamworld and Bain
Telstra is cutting costs, Taylor Swift's economic impact to be less than expected, and free-to-air decline is hitting Channel Nine.
Pick & Scroll News
February 26, 2024
One Read, All Perspectives
Australian News
Australia's housing plan is on track to miss its target by 200,000 homes. LINK
Taylor Swift's Australian concerts expected to add only $10 million to the economy, significantly less than the anticipated impact dubbed "Swiftonomics". LINK
Universities Accord report underscores the need for increased funding to maintain a world-class university system in Australia. LINK
Victorian firefighters face critical equipment breakdowns while battling significant bushfires, prompting evacuations. LINK
New study finds Caucasian, male students prefer trades over university, revealing a clear demographic trend among Australian apprentices. LINK
ACCC calls for reforms in supermarket sector, amid rising consumer complaints and scrutiny over Woolworths and Coles' market power and pricing policies. LINK
Low-income students to be guaranteed university places, as part of efforts to increase tertiary education access for disadvantaged groups. LINK
Global News
The first private spacecraft lands on the moon, marking a significant milestone in commercial space exploration with Intuitive Machines' successful lunar landing. LINK
US to launch its largest Russia sanctions package in response to the ongoing conflict and the death of opposition leader Alexei Navalny, targeting over 500 entities. LINK
Company News
Dreamworld's visitor numbers remain steady despite challenges, with Coast Entertainment reporting a significant profit decline due to storms and consumer confidence. LINK
CBA's new home loan referral program raises concerns, drawing attention post-Hayne Royal Commission for its commission-based structure. LINK
Telstra announces cost cuts as it faces declining business from large enterprises, challenging CEO Vicki Brady's profit strategy. LINK
Bain reveals a 31% gender pay gap, attributed to fewer women in senior roles and the demands of long work hours and travel. LINK
Atlassian settles a $92 million tax bill with the ATO, agreeing to keep intellectual property in Australia for future tax payments after years of negotiations. LINK
Bingo Industries fined $30 million for cartel offences, with former CEO Daniel Tartak also convicted. LINK
Qantas deploys an A380 for Taylor Swift concertgoers, managing flight disruptions due to severe storms in Sydney and ensuring fans reach the event. LINK
QBE criticised by Federal Court for advising brokers to potentially ignore a court request related to pandemic loss claims. LINK
Nvidia's AI-driven growth sparks both acclaim and skepticism, as investors ponder the sustainability of its market dominance amidst rapid technological advancements. LINK
Optus outage costs parent company Singtel $61 million, affecting profits due to national service disruptions and currency fluctuations. LINK
Nine Entertainment faces revenue challenges, as shifts in television viewing habits towards connected TV and BVOD signal changes for free-to-air broadcasters. LINK