Fast Five | 22 Apr 2025

Published Apr 21, 2025, 6:00 PM

Tuesday 22 April 2025

The top five business stories in five minutes, with Sean Aylmer and Michael Thompson.

  1. ALP ahead of Coalition
  2. 30,000 businesses with huge tax bills
  3. Some hybrid vehicles use more petrol than normal cars
  4. Rio Tinto & BHP get green light
  5. Androids lose running race against humans

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It's Tuesday, the twenty second of April twenty twenty five. Welcome to the Fast five Business News by Fear and Greed. Will 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 Sewn.

Five stories, five minutes. Let's go a story number one. We are in the final stretch of the campaign, twelve days to go. If you're counting, the Coalition is pushing its law and order credentials hard, but it's not making up much ground on the government, at least in the polls.

Opposition leader pett Had Dunton yesterday promised to make law and order a priority of a coalition government, unveiling a seven hundred and fifty million dollar crackdown on crime called Operation Safer Communities. Dunton pledged to boot support to police and community groups, who also set a coalition government would trial a national sex offender register. Mister Dutton visited yet another service station, twelfth he's visited on the campaign, trials breaking the Coalition's promised to cut the fuel excise by twenty five cents. A leader clearly that must be gaining traction. According to Liberal polse Prime Minister Anthony Albernese spent most of his day in New South Wales and Victoria pushing his pledge to open more urgent care clinics. Alberanese's prop of choice at the moment seems to be his Medicare card. Clearly that the ALP posters think healthcare is a winner for them.

Sean why won't people vote for Prime Minister Anthony Alberesi and for opposition? That to Peter Dutton. A survey from the Cidney Morning Herald and The Age has looked into that and provides a clear cut reason for each leader.

The result Strategic Survey asked respondence why they wouldn't give their vote to Albanesian Dutton forty seven percent so they wouldn't give it to Albanesi because they would hesitate at least because of the cost of living crisis more important to them than the management of the economy or a lack of progress in the first term. When it came to Dutton, forty five percent said that hesitate because of his personality as a leader. The next two reasons after a gap where a lack of policy details and fears that the coalition would follow the example of Donald Trump. Generally, polling is putting Peter Dutton further behind Anthony Albanesi. The third and final debate between the two leaders is on tonight, all.

Right, Moving on to story number two. Now, Sean and about thirty thousand businesses have a tax debt default with the ATO of over one hundred thousand dollars.

And when you have a debt that size, well, it becomes a pretty good predictor of insolvency. According to creditor Watch, who provided the information, the share of businesses with tax defaults is highest in construction and in food and beverage services. They're also the two sectors with the highest insolvency rate. Since October twenty twenty four, there's been a considerable decline in the number of businesses that are paying off their tax debts. They're entering into payment plans with the ATO now credit to what says, it's a very uncertain time for businesses and consumers by virtue of the ongoing changes to US tariff and trade policies. That's kind of overwhelming all the good stuff from tax cuts and laura interest rates.

Storing number three. Speaking of US policies, Shawn, a long delayed copper project in An, Arizona, fifty five percent owned and controlled by Rio Tinto and forty five percent owned by BHP, has been fast tracked by the Trump White House as the US and China vibe for supremacy in the minerals vital to the energy transition and also to advanced military hardware.

Tied up an environmental and quarter piels, native title and regulatory red tape for more than a decade, the resolution copper mine is among a handful of ten projects granted Fast forty one status by the White House over the weekend. The application of fast forty one to streamline the approvals process behind critical minerals production is in response to a Trump executive order issued in March. Now, the proposed underground mine, around one hundred lummes east of Phoenix, Arizona, is expected to become the largest copper mine in North America, capable of meeting up to twenty five percent of total US copper demand each year. As the trade war between the US and China heats up, both nations are keen to access commodities like copper. It's particularly important because it's used in aircraft, naval vessels, guidance systems, as well as renewable projects.

Story number four. Some hybrid vehicle sean use more fuel than their internal combustion engine competitors, at least on Australian roads.

Incredible, isn't it. An Australian Automobile Association analysis shows that in one case, a mild hybrid so it's a hybrid with a smaller battery, use twelve percent more petrol than its internal combustion equivalent on highways. The association tested sixteen vehicles, including six conventional hybrid cast two mild hybrids and their petrol equivalents. According to AAP. The test performed in Victoria to so that three out of four Toyat hybrid vehicles cut petrol use by more than thirty percent on average. The Honda CRV Hybrid and mild hybrid Suzuki Swift also reduced by a fair bit, but gwm's Jollian hybrid vehicle cut consumption by significantly less. It also used more petrol than the standard Jollian model when traveling on highways. Subaru Forest and mild Hybrid also used more petrol, though that's been discontinued. Now, of course we're all buying hybrids. Sales are up thirty four percent of the past year. But you just need to check the details.

We story number five, Sean. It was billed as the world's first half marathon for androids, but just four of twenty one robots competing against human runners in a race in China actually completed the twenty one kilometer run.

So one fell over at the starting line, another's head fell off, roll to the ground, and number one collapsed broke into pieces. Others didn't make it in the decignated times, so twenty one kilometers, they had four hours to do it. Some of them just didn't make it. It was in Beijing's southern tech hub of Etown. The winning robot was known Tiogong Ultra. At one point seven eight meters the finish line in two hours and forty minutes. The human running against it made the finish line in about an hour. All in all, man verse robot. At least when it comes to half marathons, man's a long way in front.

We are still just a little bit in front. Sean. There we go the top five business stories in five minutes. Thank you, Sean.

Thank you Michael.

It is Tuesday, the twenty second of April twenty twenty five. Remember to hit follow on the podcast, and if five minutes isn't enough, you can find our longer daily show called Fear and Greed wherever you listen to. Podcasts are Michael Thompson and that was the Fast five Business news by Fear and Greed. Have a great day, m

Fast Five by Fear and Greed

Five business news stories in five minutes, with journalists Sean Aylmer and Michael Thompson. When  
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