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We always like seeing Microsoft Excel make a news headline.

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Good morning. We always like seeing Microsoft Excel make a news headline:


"Health NZ was using a single Excel spreadsheet to track $28 billion of public money; report outlines significant concerns."


Bet there are some sweet vlookups in that 500-tab doc. I wonder what version they're up to?


All the headlines and more below...

AUSTRALIAN NEWS

Tropical Cyclone Alfred leaves 290,000 properties without power

  • Almost 290,000 properties are without power as ex-Tropical Cyclone Alfred brings dangerous rain. LINK

  • Australians require $820,000 for comfortable retirement while 54% expect to fall short with 40% planning to retire on $400,000. LINK

  • House prices in Brisbane, Adelaide and Perth have reached record levels while Melbourne and Hobart remain 5-7% below their FY22 peaks. LINK

  • SA's Southern Zone Fishery closes due to abalone viral ganglioneuritis, halting a $4M industry. LINK

  • Australia's 75 richest women control $179B in combined wealth, with Gina Rinehart leading at $39.9B. LINK 

  • Australian workers are feeling overwhelmed by AI workplace changes while employers actively pursue the technology for competitive advantages. LINK

  • Government-funded sectors created 80% of new jobs in FY24 as productivity levels declined. LINK

  • The ASX has declined 6% over 3 weeks as energy stocks struggle while gold remains resilient. LINK

  • Small businesses are facing cash flow pressures as large corporations extend payment terms up to 120 days. LINK

GLOBAL NEWS

Japan's worst wildfire in 50 years brought under control

  • Japan's worst wildfire in 50 years was finally brought under control. LINK

  • Germany and the EU are increasing defence spending while the UK maintains strict budget rules despite military funding plans. LINK

COMPANY NEWS

Mecca's gender pay gap driven by workforce imbalance

  • Mecca's gender pay gap remains at 30% due to disparities between male tech workers and female retail staff. LINK

  • The Australian government has ordered urgent security reviews after a teen allegedly boarded a Jetstar flight with a loaded shotgun. LINK

  • Slater and Gordon has invested tens of thousands of dollars in management training for a senior executive after staff complaints about leadership style in FY24. LINK

  • News Corp Australia is launching a major video expansion and upgrading its Intent Connect platform. LINK

  • Wesfarmers has launched Atomica, a premium beauty retail concept, by converting Priceline stores. LINK

  • Star Entertainment has avoided financial collapse after signing a deal to sell its stake in Brisbane's Queen's Wharf casino to Far East Consortium and Chow Tai Fook Enterprises for $53M. LINK

  • Scentre Group is negotiating with the NSW government to build 4,000 homes at two Westfield mall sites. LINK

  • Partners Group is paying $1.2B to acquire GreenSquare DC, the latest Australian data centre operator to attract a massive price tag from international investors. LINK

  • Maurice Blackburn has reported a $5.4M loss while renegotiating loans after major class action failures. LINK

  • The Pastoralists and Graziers Association is facing a police investigation over financial misconduct allegations in WA. LINK

  • Melbourne Central mall maintains strong foot traffic whilst office attendance remains below pre-pandemic levels. LINK

  • Piper Alderman has recruited 6 partners from Squire Patton Boggs as Australia's legal market shifts toward more profitable practice areas. LINK

CHART OF THE DAY

Nvidia's growth spurt continues

ONE MORE SCROLL

Editor’s Pick: How to get hired when AI does the screening.

Odd Pick: Olympic snowboarder, accused of running murderous drug trafficking network, now on most wanted list.

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TRIVIA

Fight of the century


On this day in 1971, Joe Frazier defeated Muhammad Ali in the 'Fight of the Century'. We have provided five other famous events. Can you name who or which teams were involved in those events?

  1. Rumble in the Jungle (1974)

  2. Hand of God (1986)

  3. The 2005 Champions League Final (Miracle of Istanbul)

  4. The Battle of the Sexes (1973)

  5. Thrilla in Manila (1975)


Answers below

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ANSWERS

1. Muhammad Ali vs. George Foreman (Boxing)
2. Argentina vs. England (FIFA World Cup, Diego Maradona)
3. Liverpool vs. AC Milan (Soccer, epic comeback)
4. Billie Jean King vs. Bobby Riggs (Tennis)
5. Muhammad Ali vs. Joe Frazier (Boxing)


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