What-s-new meaning

(idiomatic) The latest developments in a particular situation or a person's life.

We send out a newsletter to our clients every week to tell them what's new in the company.

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(idiomatic) An informal greeting asking the other person what has recently happened in their lives. A typical response might be, "Not much, you?". At times the greeting may not be literal and might just be used as a synonym for hello or what's up.
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(rhetorical question, idiomatic, sarcastic) Implies that the situation is and always has been unsatisfactory.

You're still having problems with that idiot you employed last year? So, what's new?

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