Outgoing JB Hi-Fi CEO Terry Smart hopes for an interest rate cut to boost consumer spending, despite acknowledging it may take multiple cuts to see significant sales growth. The retailer reported a 5.4% increase in net profit to $462.4 million and announced Smart’s retirement, effective early October, with Nick Wells set to take over; JB Hi-Fi shares fell 7.5% amid this transition.
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Greta Thunberg’s Gaza flotilla protest boat allegedly hit by drone strike, fire breaks out
A boat carrying activist Greta Thunberg to Gaza was reportedly struck by a drone, causing panic among the crew as they shouted about a fire and an explosion. The incident occurred near Tunis, prompting a rapid police response to assist those on board. Want More Context? 🔎
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