AGP Executive Report
Last update: 5 hours agoScam crackdown: ASIC says HSBC Australia failed to protect customers from scams, exposing them to unauthorised transfers and slow responses; the regulator and bank will seek Federal Court approval for a proposed A$35m penalty. Network reliability: Vodafone’s mobile network crashed, leaving thousands reporting intermittent issues nationwide before services were progressively restored. Used-car market shake-up: Carro has entered Australia by buying CarPlace, expanding to eight markets and using its tech to improve vehicle checks, stock tracking and dealer/customer connections. Beauty dupe battle: MCoBeauty has launched a $20 “glass skin” mist at Woolworths, aiming at Rhode-style demand with a cheaper alternative. Retail pressure: Experts warn June is a brutal “killing season” as more beloved brands close, with shoppers bracing for more closures before EOFY. Tech for work: Logitech unveiled Spotlight 2 and Mobi Fold for hybrid workers, pushing new presentation and productivity tools. Household spending: Commonwealth Bank data shows May spending edged up, led by recreation and hospitality.
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