🗞️ Run club

The running phenomenon has taken another step toward world domination, having now infiltrated its first festival!

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Good morning. The running phenomenon has taken another step toward world domination, having now infiltrated its first festival!


A UK festival is advertising a 5km run with fellow festival-goers running first thing in the morning to "shake off" the previous night's antics.


For some, the sight of runners will be a scary reminder that it's probably time to go to bed.


All the headlines and more below...

AUSTRALIAN NEWS

Hume introduces bill aimed at tackling gender gap in super

  • A proposed super reform would allow couples to split contributions annually to address the 25% gender gap in retirement savings. LINK

  • Australia's gender pay gap has reached a record low of 11.5% while women hold only 27 CEO positions in the ASX 300. LINK

  • Australian banks might reduce credit card interest-free periods as the RBA proposes lower card fees and surcharge bans. LINK

  • Australia's online safety regulator has implemented new restrictions on AI chatbots to protect children from harmful content. LINK

  • New internet rules are set to block children from p*rnographic content. LINK

  • Australian consumer sentiment has fallen 3.1% in September despite recent inflation improvements. LINK 

  • NSW timber industry faces job losses as 176,000 hectares of forest are banned from logging for the new Great Koala National Park. LINK

  • Generative AI is accelerating tech modernisation through process automation and intelligent dashboards. LINK

GLOBAL NEWS

Australia-Vanuatu Nakamal agreement remains unsigned

  • Vanuatu has rejected a $500M security deal with Australia over sovereignty concerns and Chinese relations. LINK

COMPANY NEWS

Australia's ANZ to cut 3,500 jobs as new CEO Matos takes charge

  • ANZ Group warned of more "ugly" changes to come after the announcement of 3,500 job cuts on Tuesday, as a way to safeguard its future growth. LINK

  • Cashrewards has ceased operations after 11 years whilst giving users until 24 October to withdraw remaining funds. LINK

  • Macquarie Asset Management will establish operations in Saudi Arabia after partnering with the $1.4T PIF for infrastructure investments. LINK

  • Dubber reported FY25 revenue of $42.2M whilst warning of lower FY26 earnings due to contract losses and ongoing litigation. LINK

  • Cbus has eliminated its minimum balance requirement after criticism of unfair pension qualification rules. LINK

  • A British Airways flight resumed operations after a false alarm mayday call prompted an emergency landing in Sydney. LINK

  • BHP has agreed to pay $110M to settle a shareholder class action over the 2015 Fundão Dam disaster. LINK

  • Sovereign Australia AI secured $10M to build Australia's largest language model using local data. LINK

  • Australia Post will resume US deliveries by September 25 after meeting new import regulations. LINK

  • Princess Polly has gained popularity among Gen Z women as young shoppers embrace the brand's European summer fashion through social media trends. LINK

  • Macquarie has launched a $2.9B fund to develop 5,000 homes in the land lease sector whilst offering global investors new opportunities during Australia's housing shortage. LINK 

CHART OF THE DAY

ICE flights have ramped up since May

ONE MORE SCROLL

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BRAINTEASER


I went to the zoo and saw only tigers and peacocks. Collectively, these animals had 30 eyes and 44 legs. How many animals did I see?


Answer below

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ANSWER

15 animals.

We are told that the animals collectively had 30 eyes, and considering that tigers and peacocks have two eyes each, 30/2 = 15 animals. The extra information was provided as a red herring. Well done if you were all over that!


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