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Speaker 1: It's Tuesday, the fifth of August twenty twenty five. Welcome

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Speaker 1: to the Fast five Business News by Fear and Agreed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know in just five minutes. Are Michael Thompson

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Speaker 1: and Good Morning, Sean Aylmer. Good morning, Michael, Sean Five stories,

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Speaker 1: five minutes. Let's go. Story number one. A Chinese woman

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Speaker 1: has been arrested in Canberra and charged with foreign interference,

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Speaker 1: which is just the third time that charge has been

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Speaker 1: laid as foreign spys target Australians working on projects such

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Speaker 1: as Orcus and ASIO calls on public servants to not

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Speaker 1: disclose too much on social media.

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Speaker 2: The Australian Federal Police said the arrest was made by

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Speaker 2: the Counter Foreign Interference Task Force and the woman faced

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Speaker 2: Canberra's Magistrates Court yesterday after the AFP recovered electronic devices

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Speaker 2: from her home. Should she be found guilty, she faces

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Speaker 2: up to fifteen years in prison. The investigation has been

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Speaker 2: underway since March. It was launched after the AFP received

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Speaker 2: information from ASIO. According to this the AFP will allege

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Speaker 2: the woman, who is also an Australian permanent resident, was

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Speaker 2: asked by the Public Security Bureau of China to covertly

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Speaker 2: gather information about the Camber branch of a Buddhist Association

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Speaker 2: Now Asia Director General Mike Burchess said federal inference of

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Speaker 2: the kind being alleged was an appalling assault on Australian values,

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Speaker 2: freedoms and sovereignty. It follows mister Burgers revealing foreign spies

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Speaker 2: a targeting Australians working on projects like aucust and he

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Speaker 2: urged public servants to not disclose too much about their

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Speaker 2: work on sites like LinkedIn and.

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Speaker 1: As quickly staying in jeripolitics. Prime Minister Anthony Alberanezi is

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Speaker 1: pursuing a call with Israeli Prime Minister Benjamin ettnia Who

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Speaker 1: as pressure grows for the government to recognize a Palestinian state.

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Speaker 1: He said that any future call with the Israeli Prime

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Speaker 1: Minister will be on the basis of pursuing a two

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Speaker 1: state solution.

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Speaker 2: Albernizi said some of netta Who's actions have been inconsistent

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Speaker 2: with that notion, and England Australia has been critical of

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Speaker 2: some of Israel's actions. The Prime Minister added that it

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Speaker 2: was positive to see protesters peacefully marching across the Harbor

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Speaker 2: Bridge on the weekend peaceful being the operative word there,

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Speaker 2: and said it wasn't surprising that some ninety thousand people

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Speaker 2: were involved.

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Speaker 1: Under story number two. Now and the executive chairman of

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Speaker 1: the owner of Dan Murphy's liquor chain, Endeavor, has resigned,

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Speaker 1: effective immediately meeting sean that the company has no permanent chair,

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Speaker 1: CEO or CFO.

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Speaker 2: This is a group that former boss a Virgin Australia

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Speaker 2: Jane Hrdlicker is becoming CEO of next year. The decision

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Speaker 2: by executive chair Ari Murviers came out of the blue

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Speaker 2: and in a statement he cited a disagreement with the board.

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Speaker 2: Most big investors are at a loss to why the

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Speaker 2: chair stepped down, particularly given the new CEO hasn't arrived yet.

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Speaker 2: In a conference call yesterday, one suggested the ax listed

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Speaker 2: group is rudderless. It's been a tough time for Endeavor,

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Speaker 2: which owns Dan Murphy's BWS and a bunch of pubs,

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Speaker 2: among other things. Chare price down twenty one percent over

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Speaker 2: the past year, though it did jump yesterday.

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Speaker 1: Story number three. An employee of Mexican fast food chain

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Speaker 1: mad Max has received a record after a court found

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Speaker 1: her manager sexually harassed her by showing her pornographic videos,

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Speaker 1: brushing sex toys against her thigh, and making sexualized comments.

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Speaker 2: Federal Court Justice Robert Bromage awarded a young female employee

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Speaker 2: of a Mad Mechs franchise in Sydney's Hills District one

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Speaker 2: hundred and sixty thousand dollars in general damages, a record

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Speaker 2: for a sexual harassment case. According to the Finn Review.

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Speaker 2: Bromich also awarded aggravated damages, taking her title to three

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Speaker 2: hundred and five thousand, in large part due to the

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Speaker 2: way her manager and Mad Mex franchise owner Sunny Kahan

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Speaker 2: ran his case and he's threatening her with defamation. The

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Speaker 2: court ruled can't sexually harass the woman revolving around incidents

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Speaker 2: in his car between January and February twenty twenty three.

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Speaker 1: Story number four, the printed newspaper Sean is not Dead.

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Speaker 1: The major publishers, the two of them News Corp and Nine,

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Speaker 1: along with Australian Community Media, have signed a deal to

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Speaker 1: consolidate print sites, which will save millions.

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Speaker 2: Of dollars Masteas from both major organizations are reporting that

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Speaker 2: the new contract is for another five years. Who knows

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Speaker 2: after that? Remember Rupert Murdock. Last year he said print

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Speaker 2: newspapers with a lot of luck would last last fifteen years.

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Speaker 2: Not sure that that'll be the case. The deal represents

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Speaker 2: the vast majority of Australia's biggest newspaper newspapers. Nine publishes

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Speaker 2: The fin Review, Sydney Morning Herald, the Age News Corpords,

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Speaker 2: The Australian, The Daily Telly, The Herald Sun, the Career

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Speaker 2: Mail and The Adelaide Advertiser. Why do they still exist

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Speaker 2: because some advertisers love them? Think travel and homeware categories.

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Speaker 2: Print accounts for forty percent of nine Publishing's revenue.

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Speaker 1: Last one story number five shown there is a crisis

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Speaker 1: in the world of butter, where New Zealand accounts for

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Speaker 1: nearly half the world's butter exports and prices are up

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Speaker 1: forty seven percent in the six months to the end

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Speaker 1: of June in that country while the global price is

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Speaker 1: trading at a twenty five year high.

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Speaker 2: It is a crisis. The French are up in arms

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Speaker 2: worried about butter shortages on the back of the surge

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Speaker 2: of the price of New Zealand. Butter prices in the

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Speaker 2: UK are at the highest level in twelve years. According

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Speaker 2: to Bloomberg. In fact, restaurants in London are substituting olive oil.

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Speaker 2: In New Zealand, it's a political crisis. The Prime Minister,

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Speaker 2: Christopher Luxen has clashed with reporters over the issue, while

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Speaker 2: the largest producer, Fonterra, which is also listed here due listing,

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Speaker 2: has argued higher prices are good for the country. Not

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Speaker 2: that that went down so well. Thing here. New Zealand

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Speaker 2: produces far more dairy than it consumes. Around ninety five

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Speaker 2: percent of the country's milk, and dairy products, including butter,

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Speaker 2: are exported. That export price determines how domestic prices are set.

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Speaker 2: Because there's an increase in global demand, reduced milk production

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Speaker 2: in a bunch of regions around the world, and rising

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Speaker 2: costs for dairy farmers, the price of butter's going up,

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Speaker 2: causing a political backlash and geopolitical outrage.

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Speaker 1: All right, there we go, the top five business stories

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Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It

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Speaker 1: is Tuesday, the fifth of August twenty twenty five. Remember

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Speaker 1: to hit follow on the podcast and five minutes isn't enough.

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Speaker 1: You can find our longer daily show called Fear and Greed,

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Speaker 1: where Heaver you listen to podcasts. I'm Michael and that

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Speaker 1: was the Fast five Business News by Beer and Grade.

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Speaker 1: Had a great day, yeah,