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We all know New Zealanders are a little different. Not worse, just different.
Pick & Scroll News
April 10, 2025
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Good morning. We all know New Zealanders are a little different. Not worse, just different.
In Wellington this week, comedian Dan Boerman showed off his ability to… fold a fitted sheet.
Now, we know he may be the only male able to perform such a stunt - but for 700 people to turn up on Wellington’s Cuba Street to watch is quite something else.
All the headlines and more below...
GENERAL PICK
Wall Street surges 9% as Trump pauses tariffs except on China, ASX to soar.
It’s widely reported this morning that US President Donald Trump has increased his reciprocal tariff on Chinese goods to 125 per cent.
AUSTRALIAN NEWS
Australia’s median home value has increased by about $230,000 in past 5 years
Australian home values have increased by 39.1% to $230,000 over 5 years, reaching 8 times the median income. LINK
Victoria Police are investigating a cyberattack that compromised 9,000 superannuation accounts and stole $500,000 through credential-stuffing. LINK
The Australian dollar has fallen to US59.12¢ as global recession fears intensify. LINK
Automakers are halting shipments while stockpiling vehicles at US ports due to tariff confusion. LINK
The Victorian Supreme Court has ruled that construction businesses must pay portable long service leave, affecting millions in employer costs. LINK
GLOBAL NEWS
ESG is still in portfolios — but it's no longer on the podium
Super funds have ceased promoting climate-focused investments publicly whilst maintaining ESG strategies. LINK
US President Donald Trump's sweeping tariffs took effect Wednesday, triggering a global market rout with trillions wiped from stock values as fears of recession intensified. LINK
The South Korean government has unveiled emergency financial aid and tax cuts to support its auto sector after the US imposed 25% tariffs on vehicle imports. LINK
Chinese goods now face a 104% minimum tariff in the US whilst Beijing promises retaliatory measures. LINK
COMPANY NEWS
Westpac says loan fraud whistleblower got bigger bonus, not cast out
Westpac has claimed it offered a 25% bonus increase to a whistleblower who reported fraud at RAMS Home Loans. LINK
Former Tabcorp CEO Adam Rytenskild is suing the company over his dismissal whilst alleging inappropriate board member conduct. LINK
The ACCC has approved Woolworths' acquisition of Beak & Johnston ready meals maker. LINK
Lendlease faces a write-off of up to $100M after the NSW Supreme Court rejected its claim to land parcels for housing development in Sydney's south-west. LINK
Premium chocolatier Koko Black reports strong Easter demand while cocoa prices have increased sixfold and supermarket chocolate costs rise 33%. LINK
CSL faces significant impact from President Trump's proposed pharmaceutical import tariffs due to its US$1.6B American market exposure. LINK
Regal Partners has lost $1.5B in funds under management during the March quarter due to market conditions. LINK
GQG Partners has increased its funds under management to $271.7B in March despite market volatility. LINK
Morgan Stanley has warned that a potential recession could reduce major Australian bank profits by 25%. LINK
EY is restructuring globally by consolidating 18 regional divisions into 10 super regions whilst maintaining its Oceania structure. LINK
Rugby Australia has secured a 5-year broadcast rights deal with Nine Entertainment for Wallabies and Wallaroos coverage. LINK
ONE MORE SCROLL
Editor’s Pick: What Gladiator II gets right and wrong about real fights in the Colosseum.
Draft Pick: Augusta ready to raise Masters curtain on Scottie-Rory show.
Odd Pick: Man found with live turtle hidden in his pants at airport.
TOGETHER WITH
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TRIVIA
On this day, the RMS Titanic departed on its maiden voyage. We go into Titanic trivia today. Good luck!
Where did the Titanic depart from?
Where was the intended destination?
What year did the Titanic depart?
How many people were on board: a) 2,240 b) 4,460 c) 6,640
What year was the titanic movie released?
Answer below
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