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- Woolies, Youtube TV and DocuSign
Woolies, Youtube TV and DocuSign
DNA testing for dog poo, You can now ignore after-hours calls from your boss, and Engineering firms are reducing staff.
Pick & Scroll News
February 08, 2024
One Read, All Perspectives
Australian News
Westpac forecasts inflation to fall faster than the RBA expects, predicting it will be within the target range by October 2024. LINK
NSW proposes a ban on offshore gas drilling, impacting the PEP-11 project. LINK
Engineering firms are reducing staff in commercial construction operations due to a slowdown in work, with significant impacts in Melbourne. LINK
Australian workers will gain the right to ignore after-hours calls and messages from employers, with potential fines for bosses who violate stop orders. LINK
Australian companies are achieving higher savings from AI adoption compared to the global average. LINK
Food charities in Australia face challenges due to extreme weather and unpredictable donations, impacting their ability to support struggling families. LINK
Hotel investment is thriving with significant transactions like the Laundy Hotels-led purchase of the Grand Sheraton Mirage on the Gold Coast for nearly $200 million. LINK
Global News
A northern Italian province has introduced mandatory dog DNA tests to help authorities sniff out the people who leave dog poo on the footpath. LINK
Company News
Woodside halts merger talks with Santos, ending discussions that could have created an $80 billion energy giant. LINK
Cettire eyes expansion into China’s luxury market after reporting a significant profit increase, signalling growth beyond its partnership with JD.com. LINK
Qantas faces scrutiny for price gouging in a report by former ACCC chair. LINK
Andrew Irvine is set to lead NAB, focusing on new data capabilities to compete against Commonwealth Bank in the business deposit sector. LINK
Coles attributes rising shelf prices to increased supplier and farmer demands, with requests doubling since 2021 amid various economic pressures. LINK
DocuSign announces a 6% workforce reduction in a restructuring move, mainly affecting sales and marketing employees. LINK
Amcor slashes 2,000 jobs and plans to close up to 10 plants globally, facing a record decline in consumer demand for its packaging products. LINK
Centuria Industrial predicts continued growth in the logistics sector, with significant rental increases expected as 41% of its leases are set to expire within 3½ years. LINK
Fox Corp, Walt Disney's ESPN, and Warner Bros Discovery announce a joint venture to launch a sports streaming service targeting younger, non-TV viewers. LINK
WeWork founder Adam Neumann attempts to buy back the company, seeking to provide bankruptcy financing through his new real estate company, Flow Global. LINK
YouTube TV surpasses 8 million subscribers, becoming the largest internet-streaming subscription TV service in the US. LINK
Meta Platforms to start detecting and labelling images generated by other companies' AI services with invisible markers to indicate digital creations. LINK
Amazon announces job cuts across its healthcare units, affecting One Medical and Amazon Pharmacy, as part of efforts to reduce operating losses. LINK
Woolworths defends against claims of a supermarket duopoly with Coles, arguing for high levels of competition and choice for Australian consumers. LINK
This Week’s Top Picks
Tech industry layoffs continue in 2024 with 32,000 US job losses, including significant cuts by companies like Snap and Okta. LINK
Inflation in Australia is not expected to return to the Reserve Bank's target range until mid-2026, with ongoing demand outpacing supply. LINK
Apple Pay overtook Afterpay in average users in 2023 to become the third most widely used digital payment service in Australia. LINK
Google plans to rename Bard as Gemini. LINK
St Hilliers, a major building company, has entered voluntary administration, pausing work at 21 construction sites while finances are assessed. LINK
Lakeba, a Sydney tech firm, is revolutionising document verification in Australia's financial sector, significantly reducing processing times with AI technology. LINK
A Hong Kong-based firm's employee was tricked into paying US$25M to fraudsters who used deepfake tech to pose as the company's CFO and staff during a video call. LINK
NSW introduces a 'youth voice' to involve Millennials and Gen Z in housing policy decisions, addressing affordability and intergenerational inequality. LINK
Metcash plans to raise $300 million to fund the purchase of Superior Food Group and two hardware sector acquisitions. LINK
Competition among Australia's largest banks for new mortgage customers is diminishing, with regional banks expected to face market share declines. LINK
AU weekend auction clearance rate had its second-best start since 2008, but an influx of listings could temper the market's robust start. LINK
Deaths in residential aged care in Australia more than doubled in January amid a Covid-19 spike. LINK
Australian wine exports decline in value and volume as global trends show reduced alcohol consumption, with hopes for a lift on Chinese tariffs. LINK