🗞️ Scissors, paper, rock

Good morning. Scientists have taken some time away from solving world problems to help inform you on... How to win scissors, paper, rock.

Analysis of 15,000 games, paired with brain activity recording, revealed a key strategy for winning; don't pay attention to what happened in the last round and be as random as possible.

The study found that people frequently rely on the player’s previous decision when deciding on their next move. We hope you use your new winning power wisely.

All the headlines and more below...

AUSTRALIAN NEWS

ATO warning for 'freeloading' tax dodgers as tip-offs hit huge 300,000 milestone

• ATO has received over 300,000 tax evasion tip-offs since 2019, warning that 85% of recent reports have triggered further probes into the construction and hospitality sectors. LINK 

• Australia’s unemployment rate fell to 4.3% in October as 42,200 new jobs were added while markets dropped as hopes for an interest rate cut faded. LINK

• Australia has seen graduate full-time employment fall to 74% as early career job underemployment rose to 18% over 3 years. LINK

• The Fair Work Commission has reformed its unfair dismissal process amid a 27% surge in claims as AI and agents have exploited system loopholes. LINK

• Nearly 40% of Australian businesses use only basic AI tools like ChatGPT, limiting overall AI adoption. LINK 

• Australia faces a 300,000-worker shortfall in the construction sector by mid-2027 as a record $242B infrastructure pipeline drives demand. LINK 

• Australian companies are promoting goods via livestreaming during China’s Singles’ Day as they aimed to boost exports through real-time engagement. LINK

GLOBAL NEWS

Australia-Turkey COP31 Dispute Increases Global Tensions

• Turkey has rejected Australia’s offer to co-host the 2025 UN climate summit, leaving both nations stalled with no confirmed host. LINK 

• China has lodged a formal protest after Australia's intelligence chief accused Chinese hackers of targeting critical infrastructure, escalating diplomatic tensions. LINK

• Australia has lagged behind the US and EU in labour productivity. LINK

COMPANY NEWS

NextDC faces backlash over $150M CEO bonus plan

• NextDC shareholders rejected the executive pay proposal by 72%, delivering a first strike over a proposed $150M bonus for the CEO. LINK

• Qantas refused to pay a ransom to hackers while 96% of Australian companies reportedly choose to pay according to global cyber research. LINK 

• Woolworths and Coles may face hundreds of millions in additional compensation as courts consider adding public holiday consent issues to wage underpayment cases. LINK

• Xero posted a 42% lift in profit to NZD134.8M and a 54% increase in free cash flow as it further aligns with the SaaS industry’s “rule of 40” benchmark. LINK

• GrainCorp reported a 36% decline in FY25 net profit to $40M as global margin pressures weighed despite stable dividends and improved underlying earnings. LINK

• Woolworths has expanded its Lower Shelf Price program by discounting over 130 new products for 6 months as shoppers could save up to $289 during the holidays. LINK 

• Webjet reported a 7% fall in half-year EBITDA to $11.7M amid weaker bookings and an ACCC notice, whilst net profit rose 51% to $6.2M. LINK 

• ASIC is investigating SQM Research for allegedly misleading investors with a favourable rating of the failed Shield fund. LINK 

• ASIC is suing InterPrac and MWL Financial Services over advice failures that caused thousands of Australians to put super into failed schemes like Shield. LINK 

• DroneShield shares sank more than 30% after CEO and directors sold millions in stock, spurring investor concern despite strong revenue growth. LINK 

• Qantas is creating over 400 tech jobs as it launches a digital innovation centre in Adelaide to enhance airline app functionality and customer experience. LINK

• Unilever’s hydration brand Liquid I.V. has launched sugar-free electrolyte powders in Australia as it sees rapid growth and rising customer demand during summer. LINK

• Country Road will expand into a curated marketplace featuring brands like Marimekko and Jurlique as part of a strategic shift led by new CEO Steven Cook. LINK

CHART OF THE DAY

Better than business as usual

ONE MORE SCROLL

Editor’s Pick: Kim Kardashian blames ChatGPT for failing her law exams.

Draft Pick: US Healthcare system apologises after over 500 living patients told they were dead via mail: 'Pretty upsetting'.

Odd Pick: Shouting at seagulls could stop them stealing your food.

TOGETHER WITH

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TRIVIA

We go test you on one of the official languages of the Vatican City today, Latin.

We have 5 Latin phrases below. Can you match them with the English translation?

Carpe diem
Veni, vidi, vici
Cogito, ergo sum
E pluribus unum
Memento mori

Match with one of:
Remember that you will die
I came, I saw, I conquered
Out of many, one
Seize the day
I think, therefore I am

Answers below

OUR SOCIALS

ANSWERS

Carpe diem - Seize the day
Veni, vidi, vici - I came, I saw, I conquered
Cogito, ergo sum - I think, therefore I am
E pluribus unum - Out of many, one
Memento mori - Remember that you will die

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