It's Thursday, the twentieth of March twenty twenty five. Welcome to the Fast five Business News by Fear and Greed, where we give you the top five business stories you need to know in just five minutes. I'm Michael Thompson and good morning Sean Aylmer.

It's Thursday, the twentieth of March twenty twenty five. Welcome to the Fast five Business News by Fear and Greed, where we give you the top five business stories you need to know in just five minutes. I'm Michael Thompson and good morning Sean Aylmer.

Good morning, Michael, Seawan.

Good morning, Michael, Seawan.

Five big stories, real mixed bag today to get through in five minutes. Wise Tech Global, this is story number one. It'll take no action against its executive chairman and founder Richard White, despite an external inquiry finding that he misled the board over his personal relationships and that his conduct was unacceptable.

Five big stories, real mixed bag today to get through in five minutes. Wise Tech Global, this is story number one. It'll take no action against its executive chairman and founder Richard White, despite an external inquiry finding that he misled the board over his personal relationships and that his conduct was unacceptable.

The logistics software Group yesterday released the partial findings of a board governance review ordered into White for a number of allegations about his conduct. The company said it won't release the full report. Wy Sex says White has made incomplete disclosures concerning the nature and duration of his relationship with the employee, without disclosing further details. The review, which was conducted by a couple of law firms, also found that White was not fully transparent in candid with investigation, was misleading about personal matters concerning the ending of the relationship. It went on to say that White entered into a commercial relationship where there were undisclosed conflicts between the interests of Weiss Tech and the personal interests of mister White. Billionaire Richard White co founded Weiss Tech in nine ninety four, still one thirty six percent, stepped down as chief executive in October last year, returned as the executive chair last month after the abrupt departure of four independent directors who cited intractable differences with the rest of the board.

The logistics software Group yesterday released the partial findings of a board governance review ordered into White for a number of allegations about his conduct. The company said it won't release the full report. Wy Sex says White has made incomplete disclosures concerning the nature and duration of his relationship with the employee, without disclosing further details. The review, which was conducted by a couple of law firms, also found that White was not fully transparent in candid with investigation, was misleading about personal matters concerning the ending of the relationship. It went on to say that White entered into a commercial relationship where there were undisclosed conflicts between the interests of Weiss Tech and the personal interests of mister White. Billionaire Richard White co founded Weiss Tech in nine ninety four, still one thirty six percent, stepped down as chief executive in October last year, returned as the executive chair last month after the abrupt departure of four independent directors who cited intractable differences with the rest of the board.

What's your take on this, I'm guessing you're going to say it's not a highlight of corporate governance in Australia.

What's your take on this, I'm guessing you're going to say it's not a highlight of corporate governance in Australia.

Now, in most listed companies, a report like this would result in the ending of the CEO's reign. But Richard White, of course is a major shareholder driver of the company. The board has made a few promises, but really is a slap on the wrist weis Tech Global. It's down about the third since late January, but it's still up six hundred percent over the past five years. Shareholders love those returns.

Now, in most listed companies, a report like this would result in the ending of the CEO's reign. But Richard White, of course is a major shareholder driver of the company. The board has made a few promises, but really is a slap on the wrist weis Tech Global. It's down about the third since late January, but it's still up six hundred percent over the past five years. Shareholders love those returns.

Yeah, indeed, all right? On de story number two now and Prime Minister Anthony Abernezi says he spoke with new Canadian Prime Minister Mark Carney yesterday about the country purchasing Australia's radar system, which is used to detecting coming missiles.

Yeah, indeed, all right? On de story number two now and Prime Minister Anthony Abernezi says he spoke with new Canadian Prime Minister Mark Carney yesterday about the country purchasing Australia's radar system, which is used to detecting coming missiles.

Mister Kearney, the former governor of the Canadian Central Bank, was sworn in as Prime Minister that last Friday. He and Anthony ALBERNIZI had an extensive one on one. They've basically got to know each other. Candida has unveiled a forty two billion dollar plan to modernize the North American Aerospace Defense Command. It includes funding for updated radar systems. Media's reporting that Canada has chosen Australia partner yesterday Astralban Easy. He didn't confirm the partnership was locked in or anything, but he did say that mister Karney is looking at Australian options. Meanwhile, media is reporting the Coalition is considering boosting defense spending by at least fifteen billion dollars a year. In a movie that would put further pressure on the budget, obviously, but also it's a bit of a response to the Trump administration's warnings that countries like Australia can no longer afford to short change the military.

Mister Kearney, the former governor of the Canadian Central Bank, was sworn in as Prime Minister that last Friday. He and Anthony ALBERNIZI had an extensive one on one. They've basically got to know each other. Candida has unveiled a forty two billion dollar plan to modernize the North American Aerospace Defense Command. It includes funding for updated radar systems. Media's reporting that Canada has chosen Australia partner yesterday Astralban Easy. He didn't confirm the partnership was locked in or anything, but he did say that mister Karney is looking at Australian options. Meanwhile, media is reporting the Coalition is considering boosting defense spending by at least fifteen billion dollars a year. In a movie that would put further pressure on the budget, obviously, but also it's a bit of a response to the Trump administration's warnings that countries like Australia can no longer afford to short change the military.

The story number three it is official shown last year was the hottest on record, at one point five to five degrees above the pre industrial period, meaning the past ten years are the hottest decade in recorded history.

The story number three it is official shown last year was the hottest on record, at one point five to five degrees above the pre industrial period, meaning the past ten years are the hottest decade in recorded history.

Slightly squarely this, the World Meteorological Organization has reported that greenhouse gas levels in the atmosphere are at their highest levels in eight hundred thousand years. The world's oceans were hotter last year than any other year, in the rate of ocean warnings now twice the rate it was twenty years ago. The report goes on sea levels reached a record high last year and the rate of rising is picking up. United Nations Secretary General Antonio Gaterez says limiting global temperature rises is still possible, but countries need leadership and they need to seize the promise of cheap clean renewables.

Slightly squarely this, the World Meteorological Organization has reported that greenhouse gas levels in the atmosphere are at their highest levels in eight hundred thousand years. The world's oceans were hotter last year than any other year, in the rate of ocean warnings now twice the rate it was twenty years ago. The report goes on sea levels reached a record high last year and the rate of rising is picking up. United Nations Secretary General Antonio Gaterez says limiting global temperature rises is still possible, but countries need leadership and they need to seize the promise of cheap clean renewables.

Storing number before. Quite an extraordinary story out of the US. The Chief Justice of the United States, John Roberts, has issued a very rare public rebuke to Donald Trump over the President's threat to impeach federal judges.

Storing number before. Quite an extraordinary story out of the US. The Chief Justice of the United States, John Roberts, has issued a very rare public rebuke to Donald Trump over the President's threat to impeach federal judges.

So it followed Donald Trump's attacking a judge on his truth social platform in response to a ruling that had attempted to block deportations of alleged a venezuela and gang members. Trump wrote things like, you know the judge was well, He said, this judge, like many of the crooked judges I'm forced to appear before, should be impeached. He called them the radical left, lunatic, a troublemaker and agitator that prompted the extremely rare intervention by the Chief Justice. Basically, the US's may send you, judge, John Roberts said, for more than two centuries, it's been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose. This is a really big moment, the whole idea of separation of powers, that the judiciary and the President of the day or the Prime Minister in our case, they should work independently and there are checks and balances. Well, clearly the Chief Justice is worried that Donald Trump is pushing too hard.

So it followed Donald Trump's attacking a judge on his truth social platform in response to a ruling that had attempted to block deportations of alleged a venezuela and gang members. Trump wrote things like, you know the judge was well, He said, this judge, like many of the crooked judges I'm forced to appear before, should be impeached. He called them the radical left, lunatic, a troublemaker and agitator that prompted the extremely rare intervention by the Chief Justice. Basically, the US's may send you, judge, John Roberts said, for more than two centuries, it's been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose. This is a really big moment, the whole idea of separation of powers, that the judiciary and the President of the day or the Prime Minister in our case, they should work independently and there are checks and balances. Well, clearly the Chief Justice is worried that Donald Trump is pushing too hard.

Yeah, it is a big story. Last one story, number five. Some top tennis players are suing the sports governing bodies for allegedly running a cartel that caps prize money, limits of court earnings, who strict competition from rival tournaments.

Yeah, it is a big story. Last one story, number five. Some top tennis players are suing the sports governing bodies for allegedly running a cartel that caps prize money, limits of court earnings, who strict competition from rival tournaments.

The Professional Tennis Players Association, co founded by Novak Djokovic and backed by billionaire Bill Lackman, filed a suite in New York Federal Court. A dozen current and former players, including Australia's Nick Kurios, are part of the action. According to Bloomberg, they claim that the ATP Tour, the WTA Tour, the Women's Tour, and International Tennis Federation violate US antitrust laws by controlling players pay and working conditions. The claims and I quite professional tennis players are stuck in a rigged game, not on the court, where fierce competition between players to lights millions of fans worldwide, but oft it where players are forced to endure grueling schedules, cap donings, abusive and invasive investigations and discipline, and have limited control over their own careers and brands. Now, unlike other professional sports, which gives about half gross revenues to players, tennis shares less than twenty percent of gross revenue with players. Notwithstanding his popularity.

The Professional Tennis Players Association, co founded by Novak Djokovic and backed by billionaire Bill Lackman, filed a suite in New York Federal Court. A dozen current and former players, including Australia's Nick Kurios, are part of the action. According to Bloomberg, they claim that the ATP Tour, the WTA Tour, the Women's Tour, and International Tennis Federation violate US antitrust laws by controlling players pay and working conditions. The claims and I quite professional tennis players are stuck in a rigged game, not on the court, where fierce competition between players to lights millions of fans worldwide, but oft it where players are forced to endure grueling schedules, cap donings, abusive and invasive investigations and discipline, and have limited control over their own careers and brands. Now, unlike other professional sports, which gives about half gross revenues to players, tennis shares less than twenty percent of gross revenue with players. Notwithstanding his popularity.

All right, there we go, the top five business stories in five minutes. Thank you very much, Sean, Thank you, Michael. It is Thursday, the twentieth of March twenty twenty five. Remember to hit follow on the podcast Andy five minutes isn't enough. You can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the Fast five Business News by Fear and Greed. Have a great day.

All right, there we go, the top five business stories in five minutes. Thank you very much, Sean, Thank you, Michael. It is Thursday, the twentieth of March twenty twenty five. Remember to hit follow on the podcast Andy five minutes isn't enough. You can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the Fast five Business News by Fear and Greed. Have a great day.