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Good morning. Thousands gathered at Bondi yesterday to mourn the tragic events that happened on Sunday night. Here is what we know about the incident so far:

• 16 people have died, including one of the alleged gunmen, and a further 42 patients are receiving treatment in hospitals across Sydney.

• The alleged gunmen were a 50-year-old, who was shot by police and died at the scene, and his 24-year-old son, who suffered critical injuries and was taken to hospital under police guard where he remained on Monday.

• Police have not named the alleged gunmen, but media have identified them as Naveed Akram and his father, Sajid Akram.

• The NSW police commissioner, Mal Lanyon, said the father was a licensed firearms holder with six guns.

• Bomb disposal experts removed two active improvised explosive devices from the scene.

Finally, a 43-year-old man, Ahmed al-Ahmed, was identified as the man seen on footage tackling and disarming one of the shooters from behind. He was shot twice and is still in hospital.

All the headlines and more below...

AUSTRALIAN NEWS

NSW inquest told how exploding lithium-ion batteries caused volatile fires killing three

• An inquest in Sydney has revealed lithium-ion battery fires caused fatal micro-mobility vehicle blazes while raising safety concerns around e-bikes and hoverboards. LINK 

• Volunteer firefighters in WA lost mobile communication over the weekend as a lightning-induced outage disabled mobile towers and cut power to over 22,000 homes, with electricity fully restored after 2 days. LINK

• Australia's $3.5T wealth transfer is shifting financial power to women and younger people as household money habits undergo major change. LINK  

• Australian finance firms face urgent pressure to modernise legacy payment systems as real-time tech reshapes how money moves and customers engage. LINK  

• Ageing mining and energy assets in Australia are reaching design limits as expensive repairs and life extension plans become essential for safety and efficiency. LINK 

COMPANY NEWS

Woolworths to defend underpayment allegations

• Woolworths faces a class action lawsuit over alleged Sunday wage underpayments in SA, planning to defend what it called a non-market-sensitive claim. LINK

• Westpac initiated a fraud probe and suspended staff as whistleblower claims exposed fake truck loans and money-laundering in its SME unit. LINK 

• Origin and AGL Energy both made offers near $4B for Alinta Energy while its seller held out for over $6B amid doubts about future power prices. LINK  

• The federal government is targeting Coles and Woolworths with new ACCC rules as it tries to control grocery pricing despite no official evidence of profiteering. LINK

• CBA’s NZ arm ASB faces a NZ$6.73M court-approved penalty for ongoing breaches of anti-money laundering laws. LINK  

• Bing Lee has seen its profits fall from $25M in 2021 to under $1M in 2025, losing market share to rivals JB Hi-Fi and Amazon. LINK

• The Australian Turf Club has sought court action to halt Racing NSW from placing it into administration amid governance and financial disputes. LINK  

• Qantas Frequent Flyer points have dropped in value to 1.6c per point in 2025 while Virgin's Velocity held firmer at 1.7c. LINK  

• ASIC and the RBA are demanding major reforms at the ASX including a $150M capital cost and governance changes to boost market integrity. LINK

• Payments provider Tyro will acquire AI-based financial tool Thriday in January 2026, expanding banking support for small businesses. LINK 

• Aged-care group Estia is exploring a merger with premium operator Regis Healthcare, which has a $2.25B market valuation. LINK

• Treasury Wine Estates has used AI through the Treasury Innovation Engine to develop over 50 wine projects including a low-alcohol Sorbet range aimed at younger drinkers. LINK  

CHART OF THE DAY

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TRIVIA

Can you name the 15 countries who have won an Olympic 100-metre gold medal (men's and women's)?

Answer below

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ANSWER

United States, Jamaica, Canada, Great Britain, Australia, Poland, South Africa, Netherlands, Germany (including East, West, and United teams), Soviet Union, Trinidad and Tobago, Italy, Belarus and Saint Lucia.

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