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🗞️ Crown jewels
In case you haven’t been following, two suspects have finally been arrested in connection to the major heist at the Louvre Museum in Paris, which saw crown jewels valuing over $156 million stolen.
Pick & Scroll News
October 27, 2025
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Good morning. In case you haven’t been following, two suspects have finally been arrested in connection to the major heist at the Louvre Museum in Paris, which saw crown jewels valuing over $156 million stolen.
The arrests come after French detectives claimed the brazen daylight heist was likely the result of an inside job.
While the arrests are a major breakthrough, the hunt continues for the other two members of the gang as well as the 8 priceless pieces of jewellery that have not yet been recovered.
All the headlines and more below...
AUSTRALIAN NEWS
Workers have won on WFH (for now)
Major Australian firms are maintaining a 3-day office cap whilst court rulings and incentives continue to favour remote work flexibility. LINK
New superannuation data shows regional mining towns and coastal areas often outperform cities as Canberra tops national average with $223,585. LINK
Experts warn that many workers misuse their most productive hours on low-value tasks with peak performance usually occurring around 10AM. LINK
The Australian government is considering reducing the rural default speed limit from 100km/h to between 70 and 90km/h to cut road fatalities on unsigned roads. LINK
Melbourne recorded its busiest auction weekend since 2021 with 1,835 properties listed and a 71.8% clearance rate. LINK
Australians aged 60 to 64 now have average super balances of $396,000 for men and $313,000 for women as retirement readiness concerns rise. LINK
Nine lenders including Westpac and Bankwest have cut home loan rates by up to 0.25%. LINK
Australia faces a tech talent shortage of 1.3M workers by 2030 as the skills crisis could cost $16B without better inclusion of women and regional Australians. LINK
Over 70 older Samsung phone models failed during a major Optus outage as users including Galaxy S9 owners couldn’t reach emergency services. LINK
Airline passengers may pay $1,350 more by 2050 whilst the industry spends US$7.23T to reach net-zero emissions targets. LINK
A new law will expand oversight of digital wallets, BNPL and crypto after fintechs overtook banks in merchant growth and now control over 50% of the payments market. LINK
GLOBAL NEWS
Do populists always crash the economy?
COMPANY NEWS
RBA staff blowout forces more WFH
The RBA has asked RBA employees to work from home more often as the workforce rose 15% and exceeded office capacity. LINK
PwC Australia is trialling a new US$1.5B AI auditing system with clients whilst maintaining human oversight to verify financial checks. LINK
Westpac's unit RAMS was fined $20M for allowing unlicensed brokers to approve home loans, affecting financial security for borrowers. LINK
Intel reported Q3 revenue growth of 3% to $13.7B as AI demand increased while some segments underperformed. LINK
Amazon introduced AI-powered smart glasses for delivery drivers and may pilot them in Australia as local demand for speedier logistics grows. LINK
Corporate Travel Management reported a 29% lift in Q1 earnings to $40.9M while still suspended from trading due to FY25 disclosure delays. LINK
Meta has made content flagging difficult on Facebook and Instagram, breaching the EU’s Digital Services Act according to initial findings by the European Commission. LINK
ONE MORE SCROLL
Editor’s Pick: Business Book of the Year award shortlist.
Odd Pick: Can you change the time you poop each day?
TOGETHER WITH
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TRIVIA
We start the week with some general knowledge trivia:
Which landlocked country in South America is named after the revolutionary leader Simón Bolívar?
Which scientist, often called the "father of computing," is credited with inventing the Turing Test?
What specific type of wave does an MRI (Magnetic Resonance Imaging) machine primarily use to create images of the inside of the human body?
Which country is the world's largest producer of coffee?
What are the 3 primary layers of the Earth's internal structure, from the centre outwards?
Answers below
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ANSWERS
1. Bolivia
2. Alan Turing
3. Radio Waves
4. Brazil
5. Inner Core, Outer Core and Mantle
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