From investment scams to rocky Tesla market, we bring you a collation of key updates for December 2022.
Most read stories for lawyers in 2022
From the sunsetting of pandemic waves to the ballooning recession, from QC becoming KC to changing government, 2022 has been a big year that marked significant changes.
It’s been a year that most definitely shifted aspects of the Australian legal industry. As we enter 2023, Lawyers Weekly helps retrospect into some of the milestone stories.
Here are the 22 most-read stories on Lawyers Weekly for 2022.
The $400m crisis: How investment scams almost doubled in 12 months
According to the Australian Competition and Consumer Commission’s (ACCC), Scamwatch, Australians have lost more than $474 million in scams since January.
Investment scams top the list with a loss of $320 million, followed by dating and romance scams that accounted for $32 million. Other types of scams in the top 10 included false billing, identity theft, pyramid schemes, and online shopping scams.
Tesla stock marks the lowest close in years as investors worry about Musk’s focus
Elon Musk’s Tesla is facing a shaky financial period as its shares fell to their lowest.
The company’s shares dipped to their lowest in more than two years, marking its worst day in eight months. As a result, Tesla has lost more than half its value since the start of October. This drop of 11.4% followed a Reuters report that the company planned to run a reduced production schedule in January at its Shanghai plant.
Meanwhile, a Reuters analysis showed that prices of used Tesla cars were falling faster than those of other carmakers, weighing on demand for the company’s new vehicles rolling off the assembly line.
Emergency warning downgraded for burning bushfire in WA
Western Australia had been alerted as lives and homes were threatened by a raging bushfire.
The blaze that started mid-December tore through bushland around Perth. As firefighters continue to strengthen the containment lines, patrolling the area and mopping up, it has been reported that there is no threat to lives or homes. Authorities, therefore, have downgraded the alert level for a bushfire that burned dangerously close to homes around Perth.
Australian 2022 year in a review
The Guardian highlights the year’s key events in news, politics, culture and sport in Australia.
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