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10 things you need to know in Australia this morning

Thursday 31 October 2019

Business Outsider

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Boeing is facing a fresh crisis after Qantas found cracks in a 737 plane, adding to a growing number of airlines grounding some of the planes

Qantas has found cracks in a 737 Next Generation plane, adding to Boeing's woes. The cracking problem had already been discovered by Boeing, prompting the US's aviation regulator to order airlines to inspect planes that had made more than 30,000 flights.
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Instagram has released a list of some of the quirkiest trends in Australia, from avocado art to 'cleanstagrams'

Instagram has lifted the lid on some of its latest trends in Australia. In its inaugural A-Z of Instagram report, the platform highlighted the 26 trending hashtags, communities and accounts in Australia.
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Investors are creeping away from the property market at a rate not seen before, as Australians start to actually pay down their debt

Lending to property investors contracted for the third consecutive month in September, the first time it's happened since record-keeping began and the largest fall since 1991.
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Despite soaring prices, Australian property could be at its most affordable point in a decade – but it's unlikely to get any better

Capital city prices may have taken off in recent years, but so has housing affordability according to the Housing Industry Association (HIA). Its latest index shows that property is at its most affordable in more than a decade, both nationally and across all eight capital cities, due largely to falling interest rates.
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A Melbourne startup is building a fleet of autonomous submarines to create a Google Street View for the ocean floor

Melbourne startup UAM Tec has unveiled its first product, an underwater submarine which uses artificial intelligence and an array of sensors and cameras to map the ocean floor.
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Australians are ratting out businesses in record numbers for rorting workers and the tax office, as the war on wage theft continues

The ATO has received a record 15,000 tip offs, as Australians dob in businesses suspected of dodgy behaviour. The main habits being dobbed in are underreporting sales and income, and paying in and demanding cash to distort tax payments. Australians are also suspicious of anyone seen living above their means, suspecting illegitimate activity.
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Adam Neumann demoted his chief of staff for being pregnant, according to a new complaint against the ousted CEO and WeWork

Adam Neumann's former chief of staff has filed a complaint saying that the ousted CEO, WeWork, and the company's current chief operating officer discriminated against her for being pregnant.
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Mark Zuckerberg hits back at 'The Social Network' screenwriter with his own words: 'America isn't easy'

On Thursday, the writer of "The Social Network" - the movie about Facebook's founding - published a scathing letter to Facebook CEO Mark Zuckerberg in The New York Times.
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How this woman is using accounting to help Indigenous Australia close the financial gap

Shelley Cable has always known that accounting is more than a profession that serves the lives of individuals. It's also a set of skills that can effect seismic social change.
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10 things you need to know this morning in Australia

Wednesday 30 October 2019

Business Outsider

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The ACCC is suing Google over the collection of personal location data – here's why it matters

The Australian Competition and Consumer Commission (ACCC) announced on Tuesday it is suing Google for misleading consumers about its collection and use of personal location data.
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Netflix pays barely any tax in Australia. But it isn't alone – here are some of the other tech companies that avoid it.

It's been revealed that Netflix pays an effective tax rate of around 0.5% in Australia on between $600 million and $1 billion in revenue. The tax arrangement is perfectly legal, with Australian users of the streaming service charged by its Dutch subsidiary.
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Amazon is opening a fulfilment centre in Western Australia – the company's 3rd following centres in Sydney and Melbourne

Amazon is opening a new fulfilment centre in Perth, Western Australia in order to facilitate faster delivery for customers in Western Australia. The centre will open in late 2019 in the Perth Airport Business Precinct.
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Twitter just jabbed Facebook by banning all political ads: 'We believe political message reach should be earned, not bought'

Twitter CEO Jack Dorsey said the company would no longer allow political ads on its social network. Dorsey explained the decision in a Twitter thread on Wednesday.
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Here are the 50 best wine bars in Australia — and four that are worth a special detour

The wine purveyors at Young Gun of Wine, a company which showcases the best winemakers and wine venues in Australia each year, revealed their list of Australia's top 50 wine bars eligible for the Wineslinger Awards.
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Facebook shrugs off scandals and regulatory woes to announce another strong quarter

Facebook has once again announced strong financial results for the previous quarter, despite scandals and regulatory woes. The Silicon Valley firm beat Wall Street's expectations for both profits and revenue.
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For the first time in recent memory, people are lining up outside a store to buy headphones — Apple's new AirPods Pro

Apple's A$399 AirPods Pro were released on Wednesday, and some Apple Store locations had lines of people waiting to buy or try them. Lines aren't unusual for new iPhone releases, but they're not common for new headphones. Especially considering the AirPods Pro were quietly announced rather than launching during a major Apple event.
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The world's skinniest skyscraper is almost completed. I toured its first luxury condo — take a look inside the NYC tower that's 24 times taller than it is wide.

111 West 57th Street, also known as Steinway Tower, is nearing completion in New York City - and, when you consider the building's height-to-width ratio, it's the world's skinniest skyscraper.
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Why we continue to remain fascinated by the Breaking Bad universe

Breaking Bad is still one of the most popular television series of all time, with a Rotten Tomatoes score of 96% and an IMDb score of 9.5/10. Even though the show wrapped up in 2013, the greater Breaking Bad universe is still very much alive and well.
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