Time to read : 2 Minutes
It's been another big week of news...
Here are the curated highlights or rather (mostly) lowlights
😭 The REDcycle plan is on hold and we will no longer be able to recycle our soft plastics at Coles or Woolies.
📱 After Elon Musk fired half his employees last week, Mark Zuckerberg fired 11,000 of his – all in aid of investing $15bn into his slice of the metaverse.
💉COVID cases jumped in Australia by more than 80% in some states with NSW Chief Health Officer Kerry Chant reiterating the importance of vaccine boosters.
💻 The Medibank hack keeps getting worse, with the Australian Federal Police saying that Russian-based hackers are responsible.
😨 Westpac and ANZ updated their rate rise peak to 3.85%, with leading economists predicting that the variable rate will hit a high of 6.6% in 2023.
🦺 More flooding is expected this weekend in NSW, with remote communities bracing for the impact – Forbes and Condobolin are expected to fair the worst.
🔍 It looks like Atlassian's Michael Cannon-Brookes has another hurdle to jump with the ACCC to investigate his Origin Energy takeover.
🔋Australia's transition towards renewables is getting a big boost by Canadian company Brookfield who have committed to putting $20bn behind green power and its storage.
⚮ Divorces increased in 2020-21, up 13.6% to 56,244, with the Australian Bureau of Statistics revealing that the average age of divorcees was 49 for men, and 43 for women.
⚠️ And it's not your imagination, your budget is hurting. Employed households mortgage payments rose an average 24.2% last quarter.
The bottom line
Times continue to be tough, but at least with December around the corner we will soon be able to take some well-earned rest. Bring on 2024.
