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🗞️ Tiramisu world cup
It's a big week in the world of competitive coffee and cream as the Tiramisu World Cup kicks off in Italy.
Pick & Scroll News
October 07, 2025
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Good morning. It's a big week in the world of competitive coffee and cream as the Tiramisu World Cup kicks off in Italy.
If you're not already at the gates of Treviso, then you've officially missed your shot at glory.
Anything other than an Italian win seems like an upset but we'll be sure to keep you posted if an Australian brings home the cup!
All the headlines and more below...
AUSTRALIAN NEWS
Millions of Aussies to receive a 20% debt reduction on HECS as of June 1st
Millions of Australians with student loans will receive a 20% debt reduction backdated from 1 June as part of a $1.6B relief plan delivering up to $5,520 each. LINK
Australia has moved to strengthen energy and defence ties with Japan as global geopolitical shifts raise concerns about reliable gas export policies. LINK
The NRL grand final attracted 4.5 million national viewers, setting a streaming record on 9Now with 1.3 million watching online. LINK
Young Australians are increasingly buying investment properties instead of homes to live in as rentvesting and parental support help them save and repay mortgages faster. LINK
Major Australian companies paid $95.7B in corporate tax in FY24 as the mining sector contributed nearly half and tax avoidance rates decreased. LINK
Only 6 of 65 Australian super funds passed a retirement-readiness test as it revealed an urgent need for better support for members nearing retirement. LINK
First home buyers using the federal 5% deposit scheme may end up over $100,000 worse off in repayments unless currently paying very high rent. LINK
The ATO is pursuing individuals for decades-old tax debts as rising concerns emerge over fairness and transparency. LINK
Australia's Triple Zero system is under review as outages exposed risks from design standards based on 1961 rotary phones. LINK
GLOBAL NEWS
Australia and Papua New Guinea sign historic defence treaty
Australia and Papua New Guinea have signed a historic defence treaty as Australia formalises its first new military alliance in nearly 75 years. LINK
The US government shutdown halted the Friday release of key jobs data, forcing investors to depend on alternative indicators for assessing economic trends. LINK
COMPANY NEWS
Coca-Cola to enter Australia’s alcohol market in a bid to consolidate their market share in beverages
Coca-Cola has entered Australia’s alcoholic RTD market by launching Bacardi and Coke drinks, aiming to tap into strong category growth. LINK
LG has partnered with Network Ten to stream its channels directly on smart TVs in Australia, addressing viewer overload without an aerial. LINK
ANZ announced 3,500 job and 1,000 contractor cuts as part of a $560M restructure to streamline the bank’s operations. LINK
Optus customers are continuing to report failed Triple Zero calls as incidents occur outside confirmed outage periods. LINK
Smiggle is losing popularity as children shift to digital entertainment and budget brands, with sales dropping after earlier highs. LINK AFR
Brisbane Broncos surged over 26% on the ASX after winning both men’s and women’s NRL premierships in a historic sporting milestone. LINK
Flight Centre announced the acquisition of UK-based luxury travel company Scott Dunn for $210M, expanding its presence in the high-end travel market. LINK
AustralianSuper is losing affluent clients to advisers favouring Hub24 and AMP as poor pension infrastructure spurs outflows. LINK
Oracle confirmed hackers are extorting customers by exploiting old E-Business Suite flaws, and urges clients to update systems. LINK
TPG Telecom launched a handset finance plan projected to release $600M in 2025 free cash flow by offloading receivables to a trust. LINK
Telstra was fined $18M by an Australian court as it reduced upload speeds for nearly 9,000 customers in 2020 without advising them. LINK
Asahi Group confirmed a ransomware attack disrupted Japanese beer factory operations and may have exposed company data. LINK
ONE MORE SCROLL
Editor’s Pick: ‘Job hugging’ has replaced job-hopping.
Draft Pick: Oscar Piastri and the McLaren’s win back to back Constructor’s Championships after Singapore GP.
Odd Pick: MLB will use robot umpires in 2026.
TOGETHER WITH
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TRIVIA
We test your currency knowledge today. Provide the currency for each country below:
Japan
Scotland
South Africa
Sweden
Bolivia
Answers below
OUR SOCIALS
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ANSWERS
1. Japan - Yen
2. Scotland - Pound Sterling
3. South Africa - Rand
4. Sweden - Krona
5. Bolivia - Boliviano
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