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🗞️ Couch potato
It was a big day for VB and petrol yesterday, with the Bathurst 1000 taking over Mount Panorama.
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Good morning. It was a big day for VB and petrol yesterday, with the Bathurst 1000 taking over Mount Panorama.
There was plenty of rain and drama with the Payne/Tander combo taking the win by the slimmest of margins after nearly 7 hours of racing.
But the real winner goes to those who convinced their partners that they could sit on the couch for 7 hours straight. A good couch warm-up before the cricket season starts!
All the headlines and more below...
AUSTRALIAN NEWS
ATO warning issued for tradies as hit list for millions of small businesses revealed: ‘Recurring issues’

GLOBAL NEWS
A record US$19B evaporated as crypto prices tumble

Crypto markets have lost a record US$19B in one day as Trump’s China tariff threats caused leveraged selloffs and poor liquidity among exposed investors. LINK
Despite sanctions, Australia is importing refined oil from countries like India that may include Russian crude. LINK
China has condemned Donald Trump’s planned tariffs and export curbs whilst warning of worsening tensions in the ongoing US-China trade conflict. LINK
COMPANY NEWS
Qantas cuts evening flights between Alice Springs and Adelaide until March

Qantas suspended evening flights from Alice Springs to Adelaide until March 2026 as regional demand weakens in summer months. LINK
Qantas has acknowledged a data leak of up to 5.7M customer records after a ransomware demand expired following a breach on a third-party platform. LINK
Ferrari cut 2030 revenue and EV targets from 40% to 20% as luxury electric car demand weakens. LINK
ANZ is planning a major overhaul of its underperforming retail division whilst initiating major leadership changes. LINK
The Australian government banned ANZ from leading bond deals after a $125M penalty for trading breaches and a 2023 failure. LINK
JPMorgan mandated biometric data at its new HQ for access as it ended voluntary security measures. LINK
Emirates has banned power bank use on flights as lithium battery fire incidents rise, highlighting a growing aviation safety concern. LINK
ASIC is seeking compensation from Equity Trustees for investor losses linked to the failed $480M Shield Master Fund as claims of inadequate risk disclosures emerge. LINK
Coles committed to a $100M price-cut investment as it competes with Aldi and Woolworths whilst facing pressure from rising living costs. LINK
Smiggle experienced a 10.7% drop in global sales to $264M in FY25 as leadership changes and rising competition paused its planned ASX spin-off. LINK
Armaguard, which controls 90% of Australia’s cash distribution, faces strike action by 500 workers resisting wage freezes across NSW, VIC and QLD. LINK
xAI, led by Elon Musk, is developing “world models” using video and robotics to create advanced AI as it rivals Meta and Google. LINK
ONE MORE SCROLL
Editor’s Pick: We finally have free anti-robocall tools that work.
Draft Pick: Record-breaking Melbourne Marathon Festival as 50,000 runners hit the road.
Odd Pick: Scientist learns he has won Nobel prize while on digital detox in US mountains.
TOGETHER WITH

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BRAINTEASER
What is the one word that can be used to complete all these words:
DE___ST
F___
ST___
SH___
D___
P___NT
C___
Answer below