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🗞️ Love market
Forget Tinder.
Pick & Scroll News
October 28, 2025
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Good morning. Forget Tinder.
The most active dating app in some parts of China appears in a park every weekend, and it's run entirely by parents.
On Friday and Saturday nights, parents attend a real-life matchmaking market on behalf of their single sons and daughters.
Would you let your parents pick your spouse?
All the headlines and more below...
AUSTRALIAN NEWS
Albanese’s 5% deposit scheme blamed for $35,000 increase in Australian house prices
The Government’s expanded 5% deposit scheme was linked to a $35,000 rise in house prices over 3 months as affordability pressures mount. LINK
A work-from-home policy requiring employees to announce breaks over 5 minutes including bathroom visits has triggered backlash. LINK
Sales of top-tier “gold” hospital policies fell 31% to 4,854 last year as rising healthcare costs and declining value perceptions contrasted with overall private health cover growth. LINK
The government rejected a copyright exemption for AI training as it maintained current protections amid increasing global legal disputes over content use in large language models. LINK
The SA government will relax building height restrictions in Adelaide’s CBD whilst partnering with the airport authority to boost development through taller buildings. LINK
GLOBAL NEWS
US public debt will rise beyond Italy and Greece
The IMF projects US public debt will rise to 143.4% of GDP by the decade’s end as ongoing deficits push it beyond Italy and Greece. LINK
COMPANY NEWS
Microsoft was sued for allegedly misleading AI assistant pricing
The ACCC has filed a lawsuit against Microsoft for allegedly misleading AI assistant pricing. LINK
EY successfully defended itself in court as a judge upheld the sacking of a partner over a bar fight that damaged the firm's reputation. LINK
Australian Facebook users may receive a share of a $50M payout for data misuse as long as they register by 31 December. LINK
Xero acquired US payments firm Melio for $4B to drive expansion whilst facing heightened operational and regulatory challenges. LINK
Netwealth has sought assistance from the government to recover $101M lost due to fraud in the First Guardian fund. LINK
PayPal has recorded 6% annual growth in its "pay-in-four" service while now holding a 51% market share as it targets younger customers and big-ticket purchases in Australia. LINK
AI firm Maincode is investing $30M into a Melbourne AI factory as it plans to build a local language model using AMD chips. LINK
Built Lifestyles, a Sydney construction firm, has entered liquidation whilst owing over $300,000 as over 3,500 industry insolvencies occurred in the last financial year. LINK
Viva Energy reported a 12.5% drop in Q3 convenience sales to $392M as tobacco sales declined and stores closed despite a slight rise in fuel sales. LINK
Blackstone is seeking around $200M for a WA Keep Safe storage portfolio of 5 assets which it bought for about $80M 5 years ago. LINK
ONE MORE SCROLL
Editor’s Pick: Can your chapped lips become ‘addicted’ to lip balm?
Draft Pick: Indian cricket star admitted to Sydney ICU after freak on-field mishap.
Odd Pick: How to trick monkey brain to like doing hard things (dopamine detox).
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BRAINTEASER
In the equation, pictured above, what are the individual numerical values of ‘a’, ‘b’, and ‘c’?
Answer below
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ANSWER
a = 2, b = 4, c = 7
This means the entire equation reads:
2^2 + 2^4 + 2^7 = 148
4 + 16 + 128 = 148
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