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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

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Speaker 1: stories from Australia and around the world. Combank has reported

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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

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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,

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Speaker 1: Rereddit and kick. Since Australia introduced this new law almost

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Speaker 1: twelve months ago, other countries like Denmark have announced similar

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Speaker 1: social media bands for young people. And finally, Uniko has

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Speaker 1: defied the competitive retail landscape in Australia and reported a

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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

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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

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Speaker 1: thanks to our guests Adam Schwab from Luxury Escapes, Eliza

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Speaker 1: Owen from Crutality, Chris Judd from Cerretti, Macro Funds and

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Speaker 1: get Zeyned from Zero and Lee Hadden from Block Block Spam.

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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

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Speaker 1: regular bite sized business news with Brett and Justin. See

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Speaker 1: you then