🗞️ Bull rush

Referees in Australia fall under a fair amount of pressure. However, they rarely see an opposition coach charge at them during a match.

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Good morning. Referees in Australia fall under a fair amount of pressure. However, they rarely see an opposition coach charge at them during a match.


A Peruvian football referee has showcased his martial arts skills by providing a karate kick to the head of an onrushing football coach, knocking him to the ground.


Let’s thank your referee at your next social sporting game. They're only refereeing at the ability level you're playing at.


All the headlines and more below...

AUSTRALIAN NEWS

Bullock holds 4.1% cash rate but stays alert

  • The RBA left the cash rate on hold at 4.1%, but signalled readiness to cut rates if Donald Trump's tariffs cause a global economic slowdown. LINK

  • The National Anti-Corruption Commission has not launched major investigations since its establishment 2 years ago. LINK

  • Artificial intelligence systems are replacing junior roles in startups as concerns grow about future leadership development. LINK

  • The ACCC found major supermarkets increased profit margins during inflation despite denying price-gouging claims. LINK

  • National home prices hit a new peak in March as February's rate cut reignited buyer demand, with property values increasing 0.4% over the month. LINK

  • ASX companies are intensifying competition for senior female executives without expanding the overall female workforce. LINK

  • Australian CFOs are leading climate reporting with 60% handling the responsibility while only 15% use it for competitive advantage. LINK

  • Small businesses are losing cigarette sales to illegal tobacco trading due to high taxation. LINK

GLOBAL NEWS

Half of UK professionals might quit if ordered back to the office full time, poll shows

  • 77% of UK professionals now work hybrid arrangements, whilst 50% would consider quitting if forced to return full-time to offices. LINK

  • Global stocks tumbled ahead of President Trump's "Liberation Day" tariffs announcement, with $42B wiped from the ASX and Japan's Nikkei index plunging 4.05%. LINK

  • Agentic AI adoption is growing as 50% of businesses plan to implement multi-agent systems by 2027. LINK

COMPANY NEWS

Woolworths slashes prices to close gap on Aldi

  • Woolworths has reduced grocery prices to narrow the gap with Aldi to a 2-year low as regulatory scrutiny intensifies. LINK

  • Virgin Australia is planning to return to the ASX in June after a 5-year absence. LINK

  • The RBA has found the ASX non-compliant with operational risk standards whilst mandating an independent system review. LINK 

  • The ATO has accused former EY partner Peter White of taking secret commissions and promoting illegal tax schemes to clients from 2016 to 2021. LINK 

  • Grant Thornton plans to recruit partners from larger rivals during industry disruption. LINK

  • Apple has received a €150M fine from France over its App Tracking Transparency system implementation. LINK

  • Sleeping Duck is heading to early mediation with its ex-CFO Sean Curry over alleged trade secrets misuse following Federal Court orders. LINK

  • Fat Zebra has acquired SecurePay from Australia Post, expanding its merchant reach to over 70,000 in the digital payments market. LINK

  • Max has launched in Australia with plans to achieve profitability within 3 years. LINK

  • Deloitte and IBM have proposed $15B in cost-cutting measures to retain US federal contracts during a government review. LINK

  • CIMIC has returned to profitability under Spanish owner Grupo ACS, 5 years after posting a $1B loss. LINK

CHART OF THE DAY

The countries hit by the most earthquakes

ONE MORE SCROLL

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BRAINTEASER


We are halfway through the week, so we thought we would play a 50-50 game.

If you flip a coin 4 times, what is the probability that you will get exactly 2 heads and 2 tails?


Answer below

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ANSWER

37.5%. There are 6 out of 16 possible combinations.


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