Latest / What the Flux / CommBank's home loans pay off | TikTok's time is up in Australia | Uniqlo's Aussie glow-up

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CommBank's home loans pay off | TikTok's time is up in Australia | Uniqlo's Aussie glow-up · What the Flux

• 0:05
  Speaker 1: This is what the flocks i'mb and It's Wednesday, the
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  Speaker 1: twelfth of November. Here are the top three business news
• 0:10
  Speaker 1: stories from Australia and around the world. Combank has reported
• 0:13
  Speaker 1: first quarter profits of two point six billion dollars. Commbanks
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  Speaker 1: two percent year and year increase came from successfully growing
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  Speaker 1: their home lending and household deposits. In particular, homeland growth
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  Speaker 1: jump by nine point three billion dollars as lower interest
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  Speaker 1: rates gave mortgage holders some relief in other years. Australia's
• 0:28
  Speaker 1: social media ban for children under sixteen will officially come
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  Speaker 1: into effect from the tenth of December, less than four
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  Speaker 1: weeks from now. Impacted social media platforms include Instagram, threads, Facebook, TikTok, snapchat, x, YouTube,
• 0:39
  Speaker 1: Rereddit and kick. Since Australia introduced this new law almost
• 0:42
  Speaker 1: twelve months ago, other countries like Denmark have announced similar
• 0:45
  Speaker 1: social media bands for young people. And finally, Uniko has
• 0:48
  Speaker 1: defied the competitive retail landscape in Australia and reported a
• 0:52
  Speaker 1: nineteen point four percent jump in sales in the twelve
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  Speaker 1: months ending in August. During this period, Unikolo sales hit
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  Speaker 1: over eight hundred and seventeen million, just behind Nike, whose
• 1:00
  Speaker 1: revenue fell to around eight hundred and ninety one million.
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  Speaker 1: Uniko's approach, You're focusing on high quality, timeless basics has
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  Speaker 1: helped them stand their ground against ultra fast fashion companies
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  Speaker 1: like Shean. We hope you've enjoyed our in Conversation series
• 1:12
  Speaker 1: thanks to our guests Adam Schwab from Luxury Escapes, Eliza
• 1:15
  Speaker 1: Owen from Crutality, Chris Judd from Cerretti, Macro Funds and
• 1:18
  Speaker 1: get Zeyned from Zero and Lee Hadden from Block Block Spam.
• 1:21
  Speaker 1: If you've enjoyed the series or just love the pod,
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  Speaker 1: please leave us a five star rating on your favorite
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  Speaker 1: podcast player, and on Friday, we'll be back to our
• 1:27
  Speaker 1: regular bite sized business news with Brett and Justin. See
• 1:30
  Speaker 1: you then