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🗞️ Morning brew
Australians are famous for their flat white and now the world seems to agree.
Pick & Scroll News
February 24, 2026
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Good morning. Australians are famous for their flat white and now the world seems to agree.
Sydney cafés cracked multiple spots in the World’s 100 Best Coffee Shops rankings, with Only Coffee Project Crows Nest landing in the global top five.
Sydney claimed more entries than any other city this year, beating Melbourne (the Australian city normally known for their coffee).
All the headlines and more below...
AUSTRALIAN NEWS
Australian businesses must make super payments at the same time as salaries from July 1st
Australian businesses must make super payments at the same time as salaries from July 1. LINK
Australians increased mortgage and credit card applications ahead of a rate hike. LINK
Plans announced for a 91-story Trump International Hotel on Australia's Gold Coast attempt to set new records for height and luxury. LINK
The ATO has increased scrutiny over $650M in illegal loans as 1 in 7 self-managed super funds in Australia fail to lodge tax returns on time. LINK
Thousands of Centrelink recipients face reduced payments as deeming rates increase, affecting the Age Pension and Commonwealth Seniors Health Card eligibility. LINK
There continues to be a large disparity between wages and work hours amongst Australia's highest-earning professions, like medical practitioners. LINK
COMPANY NEWS
Bunnings will offer over 30K items via Uber Eats for fast delivery of tools all across Australia
Bunnings is expanding its partnership with Uber Eats by offering delivery of over 30,000 items within an hour to enhance customer convenience. LINK
QantasLink closed its regional bases in Canberra, Hobart and Mildura, impacting 71 crew members and regional tourism connectivity. LINK
Virgin Australia has enhanced its loyalty program with a bonus status credit offer for flights taken early in 2023. LINK
Lendlease reported a $318M first-half loss from negative property revaluations, expecting stronger fiscal years ahead. LINK
Harvey Norman faces a class action lawsuit over interest-free payment plans promoted by Latitude Finance, with plans to contest. LINK
Aussie Broadband experienced a 58.3% decline in net profit due to goodwill impairment, reporting improved revenue and announcing the acquisition of Nexgen Investment Group for $50M. LINK
Adairs experienced a 34% decline in first-half profit amid reduced margins while revenue exceeded expectations at $329M. LINK
Regis Healthcare suffered a 45.1% decline in profit due to acquisition costs, while government funding reforms support its revenue growth. LINK
Kogan saw a 20.2% decline in first-half profit due to lower earnings from Mighty Ape, despite increased revenue. LINK
NIB Holdings reported a flat interim net profit as strong growth in the Australian residents business segment offset other impacts. LINK
Qantas is in conflict with a key union over job security issues as new technology-induced job cuts are denied by the airline to be due to AI. LINK
Reece reported a 20% decline in profit for the first half but surpassed expectations. LINK
G8 Education has faced lower occupancy rates and a $303.3M net loss following a scandal involving a former employee. LINK
ONE MORE SCROLL
Editor’s Pick: Argentina’s President is dismantling his own government in real time in DOGE style cuts.
Draft Pick: US ice hockey team stuns Canada to win first Olympic Gold in 46 years.
Odd Pick: California town re-elects a golden retriever as “mayor” again.
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TRIVIA
Las Vegas is famous for its quick ceremonies. On average, how many couples get married in "Sin City" every single day?
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