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🗞️ 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
ONE MORE SCROLL
Editor’s Pick: A break from your smartphone can reboot your mood. Here's how long you need.
Draft Pick: Man City suffer major Haaland injury blow ahead of Club World Cup.
Odd Pick: Trump won’t rule out seeking a third term in the White House, tells NBC News ‘there are methods’ for doing so.
TOGETHER WITH
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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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