🗞️ Whiplash

A South African jockey has apologised for whipping another jockey (several times) in the home straight.

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Good morning. A South African jockey has apologised for whipping another jockey (several times) in the home straight.


The whipped jockey responded by trying to whip him back. The bizarre footage can be viewed here.


Have a great day and try to keep your hands (and whips) to yourselves.


All the headlines and more below...

GENERAL PICK

Underlying inflation has dropped to 3.2% due to falling housing costs, its lowest since 2021. LINK

AUSTRALIAN NEWS

Bushfires blaze across western Victoria after lightning and hot weather

  • Severe bushfires have burned 70,000 hectares in Western Victoria whilst threatening properties near Little Desert National Park. LINK

  • Australian wine exports to China reached $902M after tariff removal, boosting total exports by over a third. LINK

  • Australian rock lobster exports to China have resumed for Lunar New Year as prices rise 15% year-on-year. LINK

GLOBAL NEWS

White House evaluates effect of China AI app DeepSeek on national security

  • US officials are reviewing the Chinese AI app DeepSeek amid national security and intellectual property concerns. LINK

  • Global investors are making smaller, quicker bets in the Chinese market as policy uncertainty persists. LINK

COMPANY NEWS

Labor pledges $32M to keep Young Rich List AI firm Harrison.ai in Australia

  • Harrison.ai has received a $32M investment from the Australian government to retain the healthcare AI startup domestically. LINK

  • Apple's iPhones now support SpaceX’s Starlink direct-to-cell satellite coverage following an iOS update that initially served Android devices. LINK

  • Alibaba has launched its Qwen 2.5 AI model, claiming superiority over OpenAI's GPT-4. LINK

  • OpenAI has pledged to work with the US government to protect US technology against Chinese firms. LINK

  • Mosaic Brands has closed 252 stores across Australia and New Zealand, whilst laying off 933 employees due to weak retail demand. LINK

  • Star Entertainment has agreed to sell The Star Sydney Event Centre to Foundation Theatres for $60M. LINK

  • Atlassian has reduced its share vesting period from 1 year to 3 months to attract top talent whilst aligning with tech industry practices. LINK

  • Accent Group has reported slower sales growth as holiday discounting affected profit margins. LINK

  • DroneShield has secured $11.8M in contracts with an Asia-Pacific military partner for counter-drone systems. LINK

  • Whitehaven Coal has reported a 92.7% increase in Q2 production while anticipating higher metallurgical coal prices. LINK

CHART OF THE DAY

DeepSeek-R1 upsets AI market with low prices

ONE MORE SCROLL

Editor’s Pick: Does blowing your nose make cold symptoms worse?

Draft Pick: Australian men dominate Sri Lanka on day one of the first Test with Smith and Khawaja reaching milestones.

Odd Pick: 'Cookie Monster' caught speeding by German police.

TOGETHER WITH

Looking for a fresh team-building activity? Tired of the same old amazing races and escape rooms? Or perhaps you're searching for a unique Valentine's Day date?

We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶

TRIVIA

Tea trial


It's national hot tea month (which I'm sure you knew already). Can you put the countries below in descending order for volume of exported tea?

  • Sri Lanka

  • Turkey

  • China

  • Kenya

  • India


Answer below

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ANSWER

1. China (2.4 million metric tonnes)
2. India (900,000 metric tonnes)
3. Kenya (305,000 metric tonnes)
4. Sri Lanka (300,000 metric tonnes)
5. Turkey (175,000 metric tonnes)


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