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Tough morning for Europe: according to Donald Trump, “Your countries are going to hell.”
Pick & Scroll News
September 25, 2025
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Good morning. Tough morning for Europe: according to Donald Trump, “Your countries are going to hell.”
From the UN General Assembly podium, he railed against “the failed experiment of open borders” and, helpfully, offered his expertise: “I’m really good at this stuff.”
Catch the full recap here, including his line about Europe being “invaded by ‘illegal aliens’.”
All the headlines and more below...
AUSTRALIAN NEWS
Grim reality of using cash in Australia
The RBA reports declining access to free cash withdrawals as banks reduce ATMs whilst physical currency circulation remains high. LINK
Australia's annual inflation hit 3% in August, its highest since July 2024, due to rising costs for food, alcohol, and housing, with a significant increase in electricity prices after government rebates ended. LINK
Australians with HECS debts will save $680 annually through new repayment thresholds and a 20% loan reduction from September 2025. LINK
First home buyers must now budget $637,000 on average nationally and $804,000 in Sydney as entry-level prices outpace wages. LINK
International tourists have spent a record $1.5B on the Gold Coast in FY25 as public transport inadequacies threaten future growth. LINK
Australia lacks comprehensive pesticide level data for fruits and vegetables. LINK
August inflation data of 3% has delayed interest rate cut hopes despite predictions of 3 possible cuts by May 2026. LINK
Self-managed superannuation funds have reached $1.05T in assets as average member balances approach $1M. LINK
Baby Boomers are transforming retirement trends as more choose to remain in the workforce for personal fulfilment rather than necessity. LINK
The Sydney train network review has identified 5 major issues and will be accepting 12 recommended fixes to improve system resilience. LINK
COMPANY NEWS
ANZ clarifies call recording policy after staff concerns
ANZ Bank clarified that only select Microsoft Teams calls would be recorded after internal confusion sparked union concerns. LINK
Virgin Australia is offering passengers the option to pay for empty middle seats on long flights. LINK
Meta is expanding its AI system Llama to US allies while partnering with Microsoft, Amazon, Oracle and Palantir. LINK
Optus has been fined $100M by the Federal Court for unconscionable phone sales practices. LINK
The Star Sydney's casino licence suspension has been extended to March 2026 following its FY25 $472M loss. LINK
KMD Brands has reported a $93.6M annual loss due to warm weather and weak sales, only Rip Curl remained profitable amid challenging retail conditions. LINK
Metricon has recorded 4,015 new home starts in FY25 as Australia's busiest builder. LINK
Singtel has apologised for the Optus outage that disrupted emergency calls and was linked to 3 deaths in Australia. LINK
Singtel reduced investment in Optus mobile networks by $237M despite infrastructure reliability concerns. LINK
Heineken and tequila producers lobbied governments against WHO guidelines for stricter drinking health measures. LINK
Revolut announced a US$13B global expansion plan through 2030 to reach 100 million users. LINK
Budget Direct became the first sponsor of the Perth Bears NRL team with a $1M deal. LINK
ONE MORE SCROLL
Editor’s Pick: He crossed 26 miles in a kayak made from mushrooms - and lived to tell the tale.
Draft Pick: Lleyton Hewitt: ‘Manipulated video evidence’ used against tennis great in hearing, legal team claims.
Odd Pick: Social media users in hysterics over latest bizarre ‘end of the world’ theory.
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