logo
World's best coffee shop for 2025 named

World's best coffee shop for 2025 named

CNN26-02-2025
It's official: Sydney has the world's best coffee shop.
At least that's what a new list ranking top cafés globally found, with the Australian city beating out perennial rival Melbourne for the top spot.
Sydney-based Toby's Estate Coffee Roasters was crowned the best coffee shop in the world, followed by Onyx Coffee Lab of Arkansas, Gota Coffee Experts of Vienna, Austria, Proud Mary Coffee of Melbourne and Tim Wendelboe of Oslo, Norway.
The top 10 coffee shops also hailed from Singapore, France, Malaysia and Colombia.
Cafés worldwide were judged on a variety of factors, ranging from quality of coffee and food, sustainability practices and customer service, according to the ranking's website. Both public opinions and experts' evaluation were taken into account to reach the final selection, according to the 'World's 100 Best Coffee Shops.'
Jody Leslie, general manager for Toby's Estate, told CNN Travel that her whole team was 'completely stoked' when they learned about the result.
'We've been in the coffee game a long time and we know what we do is amazing and we try very hard to be consistent and so to be recognized like this is just amazing,' she said.
Its flagship shop, located in Sydney's southwest Chippendale neighborhood, earned the recognition, but it has branches across Australia and Asia, including Singapore, Indonesia and the Middle East.
Leslie said sales have surged since the announcement, attracting more visitors eager to try her team's coffee. To thank customers for their support, Toby's Estate will host a free coffee day on February 27.
The Toby's Estate flagship shop features a brew bar where coffee is made in front of customers and a roastery on-site, roasting fresh beans daily.
The coffee chain began in 1997, when lawyer Toby Smith started the business from his mother's garage in Woolloomooloo, a harborside eastern suburb of Sydney.
Arkansas-based Onyx Coffee Lab ranked second. The company has three branches in Bentonville, Fayetteville, and Springdale, but it wasn't clear which made the list. Vienna's Gota Coffee, ranked third, also took to social media to express gratitude for the recognition.
'We are honored to share this award with not only the top 100 shops around the world mentioned but all the cafes throughout the industry who get up each morning to offer the best hospitality and service to their guests,' Onyx Coffee Lab posted on its Instagram.
'This journey has been fueled by passion, precision, and the incredible support of our coffee-loving community,' Gota Coffee posted on its Instagram. 'Here's to pushing the boundaries of coffee culture, one brew at a time!'
Australia's second largest city ranks among the world's best for coffee, but there's something else Melburnians queue up for each morning. Related video
A must-have to start the morning in Melbourne. And it's not just coffee
Australia's cafe scene is famed for its cool vibes and the competitive spirit of baristas chasing the perfect brew.
Australian cafés have popped up in major cities worldwide, offering up avocado toast and flat whites — both of which originated in the country (though many New Zealanders dispute the flat white's origin).
Within Australia, a long-standing rivalry exists between Sydney and Melbourne – not least over which city brews the better cup of joe.
Melbourne has traditionally been regarded as the country's coffee capital — with a coffee history that dates back to the post-World War II era, when Italian immigrants brought their espresso machines and café traditions to the city.
In recent years, Sydney's coffee scene has punched above its weight, bruising the pride of Melbourne fans. The Harbor City overtook Melbourne last year in a list of the top 10 best cities worldwide for coffee, published by American magazine Food & Wine. Sydney took home the number three spot, while Melbourne landed at number 10.
The magazine named Melbourne's Proud Mary a 'standout' café, which also ranked fourth on the world's 100 best coffee shop list.
That wasn't the only blow to Melbourne's coffee reputation. In 2023, Australian travel site Wotif.com awarded the title of 'best flat white' to The Cupping Room in the national capital of Canberra, despite calling Melbourne the 'unofficial coffee capital of the world.'
If there's one thing the lists can agree on, it's that Australia wins.
'I think our win is a win for the country. Australian coffee is, I think, the best in the world and so it doesn't come down to Sydney and Melbourne,' said Leslie of Toby's Estate. 'We want to be strong as a country, and that helps everyone.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CNBC's The China Connection newsletter: Wonders and woes of China's robotics industry
CNBC's The China Connection newsletter: Wonders and woes of China's robotics industry

CNBC

timea few seconds ago

  • CNBC

CNBC's The China Connection newsletter: Wonders and woes of China's robotics industry

At the World Robot Conference in Beijing, which concluded Tuesday, the mood was a blend of optimism and caution: Businesses showed off increasingly lifelike humanoid robots even as they conceded that technological gaps keeping these machines from mainstream usage remain wide. Thousands turned up to watch humanoid robots to perform an array of unusual feats: from clumsily serving popcorn and drinks, spinning handkerchiefs, sparring in a boxing ring to playing chess and showcasing football skills. But none of these feats amounted to a technological breakthrough. While there have been improvements in design, maneuverability and appearance, the androids still struggle to process and respond to their surroundings, a limitation that keeps them from most real-life workplace roles. So far, their commercial use is mostly confined to guiding visitors at exhibition halls, shopping malls and, more recently, testing at factories for repetitive tasks like sorting materials and performing quality checks. "When will humanoid robots be able to do 80% of the physical work that human can do? That's decades away," said Jay Huang, managing director and head of Asia industrial technologies sector at Bernstein. "But what we will see is these individual tasks, like material handling, being multiplied into a much bigger scale. They can be used in very different format, different settings," Huang added. Some tasks like using a robot to make a bed are still in the "very early" stage, with low success rate, Huang said, "but that's the right direction to push the industry forward." Take PsiBot's mahjong-playing droid displayed at the event: It still misidentifies tiles, often confuses the game's rules and plays at a relatively slow pace, according to local media reports. The technological bottleneck for large-scale integration of humanoids into daily life stems from a lack of cutting-edge AI models and insufficient training data, said Bob Chen, economist at Shanghai-based FG Venture. The venture-capital firm has invested in robotics startups including Hangzhou-based DEEP Robotics that makes quadruped-robots — machines that mimic movements of four-legged creatures. Androids rely on vast troves of motion-capture, visual, tactile and audio data, along with simulations, to build the sensory and behavioral maps they need to navigate and interact in the real world. "Large language models have rather narrow function: language in, language out. But robots require far more complex, multimodal inputs, and their outputs are not words but actions and behaviors," said Chen, according to CNBC's translation of his comments in Mandarin. Several startups in China have invested in building "data factories," hiring people to operate robots or wearables to capture machine-interaction data to train bots. Humanoid robots are emerging as another front in China's tech rivalry with the U.S.— where they could prevail with cheaper prices and faster deployment. "China, the U.S. and other countries are playing on a quite leveled playing field," Huang said. "Just like in electric vehicles, autonomous driving, in humanoid robots, China acts extremely fast in product and use-case multiplication, while U.S. players seem to shoot for the holy-grail solution." In robot manufacturing, Tesla's humanoid project Optimus appears to be leading in the U.S., with CEO Elon Musk saying the company plans to produce about 5,000 units this year. While Musk's ambitious plans could give it a leg up on other American competitors that have yet to hit the mass market, Chinese companies have been racing to make their models more affordable. They are also believed to have been undercutting global peers in terms of price, thanks to superior cost controls. That's despite the real-world applications of robots remaining uncertain. In the lead up to the WRC, Unitree rolled out its third version of R1 model, priced at 39,900 yuan ($5,249) on e-commerce site significantly cheaper than the its other models. The company's H1 model was sold for 650,000 yuan per unit and G1 robot for 99,000 yuan. At the conference, prices for a humanoid robot ranged from tens of thousands of yuan to over 100,000 yuan, and the high-end models capable of more complex tasks were priced above 500,000 yuan. UniX AI touted its entry-level humanoid droids at just 88,000 yuan each. Shenzhen-based Engine AI has announced plans for a rival model starting at 38,500 yuan. Some U.S. companies such as Apptronik could see their attempt to rival Chinese humanoid robots be further undercut by U.S. tariffs as they still rely on some components from China. China already has an edge in integrating machinery into factory workflows and, in many cases, is outpacing rivals in marrying artificial intelligence with robotics, said Arthur Kroeber, founding partner of China-focused economic research firm Gavekal Dragonomics. Kroeber predicts that within two to four years, Chinese factories will achieve major efficiency gains across industries by combining top-tier industrial robots with AI systems that make them far more effective in varied settings. Some of UBTech Robotics' humanlike droids have been deployed at factories of carmakers BYD and Geely, at electronics manufacturer Foxconn and logistics giant SF Delivery, Chinese state media reported in April. However, during trainings, humanoid robots moved slowly, operating at just 20% of human efficiency, the report pointed out. "Enabling humanoid robots to map their moving routes, speed up movements and operate for long periods of time in uncomfortable temperature environments still requires vast amounts of data," it said. While widespread deployment of humanoid robots that enhance productivity might still be a distant prospect, Chinese companies are pushing ahead as their tech race with the U.S. heats up. Jeff Moon, founder and president of China Moon Strategies and former assistant U.S. trade representative for China, said the U.S. and China's overtures are well-choreographed and happening in a planned sequence, but they won't solve many of the underlying problems between the two countries. Graham Allison, Harvard professor and former assistant secretary of defense, said he expects a "grand rapprochement" or friendship between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, especially as Trump needs a strong economy heading into the midterm elections. Hao Hong, managing partner and CIO of Lotus Asset Management, said traders and fund managers are not very concerned about weakening fundamentals in the Chinese markets as long as liquidity remains strong. U.S. and China secured a truce extension. The two countries agreed to delay by another 90 days the higher tariffs, imposed in April, on each other's goods. Beijing discouraging companies from using Nvidia chips. Chinese officials have asked companies to explain why they need to buy Nvidia chips instead of ones from domestic suppliers, according to a Reuters report. Trump says open to Nvidia selling downgraded version of advanced chip to China. Trump indicated that he will meet with Nvidia CEO Jensen Huang regarding the company's high-end Blackwell chip. Huang has said he hopes to sell more advanced chips to China. China and Hong Kong stocks rose as Asian markets tracked gains on Wall Street after the latest U.S. inflation data raised expectations that the Federal Reserve could cut interest rates next month. Mainland China's CSI 300 added 0.74%, while Hong Kong's Hang Seng Index — which includes major Chinese companies — had gained 2.2% as of 2:22 p.m. local time (2:22 a.m. ET). The mainland benchmark is up over 6% year to date, data from LSEG showed. The Hang Seng Tech index, which tracks the some of the largest mainland Chinese technology companies listed in Hong Kong, rose over 2%, lifted by Tencent Music Entertainment, which surged over 14%, a day after the company beat estimates for second-quarter revenue and profit. China's 10-year government bond yield currently stands at 1.723%.Aug 14: NetEase, June-quarter earnings Aug 14-17: World Humanoid Robot Games Aug 15: Urban investment, industrial output and retail sales, urban unemployment rate, house prices for July Aug 19: Xiaomi, Xpeng June-quarter earnings

Dollar slips as investors eye September Fed cut
Dollar slips as investors eye September Fed cut

CNBC

timean hour ago

  • CNBC

Dollar slips as investors eye September Fed cut

The dollar weakened on Wednesday after a tame reading on U.S. inflation bolstered expectations of a Federal Reserve rate cut next month, with President Donald Trump's attempts to extend his grip over U.S. institutions also undermining the currency. U.S. consumer prices increased marginally in July, data showed on Tuesday, in line with forecasts and as the pass-through from Trump's sweeping tariffs to goods prices has so far been limited. Investors eyeing imminent Fed cuts cheered the data and moved to price in a 98% chance the central bank would ease rates next month, which in turn dragged on the dollar. Against the yen, the dollar was last 0.05% lower at 147.76, while the euro was steady at $1.1676, having risen 0.5% in the previous session. The dollar index last stood at 98.08, after falling roughly 0.5% on Tuesday. "The July CPI report showed less evidence of tariff pass-through to consumer prices...(but) I think a September rate cut is less than certain, probably not as certain as current market pricing," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "As the last payroll shows, one report can be sufficient to move the policy debate to one side or another. So I think we still have to wait until the remaining data to print before making a strong case about a rate cut or an on hold decision." U.S. Treasury yields similarly fell on the heightened rate cut expectations, with the two-year yield last at 3.7371%, having swung in a range of nearly 10 basis points on Tuesday. The benchmark 10-year yield was little changed at 4.2965%. Also eroding investor confidence in the dollar were fresh attempts by Trump to undermine Fed independence, after White House spokeswoman Karoline Leavitt said on Tuesday that the U.S. president was considering a lawsuit against Fed Chair Jerome Powell in relation to his management of renovations at the central bank's Washington headquarters. Trump has been at loggerheads with Powell and has repeatedly lambasted the Fed Chair for not easing rates sooner. The president also hit out at Goldman Sachs CEO David Solomon, saying the bank had been wrong to predict U.S. tariffs would hurt the economy and questioned whether Solomon should lead the Wall Street institution. Elsewhere, sterling gained 0.03% to $1.3504. Britain's jobs market weakened again though wage growth stayed strong, according to data on Tuesday, underscoring why the Bank of England is so cautious about cutting interest rates. "(The) UK jobs figures pointed to the labor market remaining in fragile shape," said Michael Brown, senior research strategist at Pepperstone. "My base case still has the next 25bp cut penciled in for November, though there is a long way to go, and a lot of data to come, before then." In other currencies, the Australian dollar dipped 0.05% to $0.6526, while the New Zealand dollar fell 0.03% to $0.5953. The Reserve Bank of Australia on Tuesday cut interest rates as expected, and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum.

'Outbid' woman enduring two-year property slog reveals tactic Aussie buyers are turning to as housing competition heats up
'Outbid' woman enduring two-year property slog reveals tactic Aussie buyers are turning to as housing competition heats up

Yahoo

time2 hours ago

  • Yahoo

'Outbid' woman enduring two-year property slog reveals tactic Aussie buyers are turning to as housing competition heats up

Australian property prices are expected to rise following the Reserve Bank of Australia's (RBA) decision to cut the cash rate this week. The interest rate cut is set to drive up competition further, leading some borrowers to adopt new strategies to get their foot on the ladder. Sydney woman Lara Rinaldi has been trying to buy her first home for the last two years. The 32-year-old brand manager and small business owner told Yahoo Finance she had originally hoped to buy a two-bedroom, two-bathroom apartment in the inner west and had a budget of $650,000 to $700,000. But she's found it hard to break into the market, despite her deposit growing over the time she's been looking and her borrowing power increasing following the RBA's earlier interest rate cuts in February and May. RELATED Michele Bullock avoids 'all-out attack' from Aussies with 'unanimous' cut Centrelink warning for downsizing Baby Boomers over 'special' retirement rule New Zealand couple move to Australia after 'overwhelming' $20,000 cost to start family 'I got close a couple of times but I just didn't happen, whether that was I got outbid eventually or just contract clauses,' she said. Rinaldi said she's had to keep refreshing her pre-approval and it's now gotten to the point where she has decided to take a different strategy altogether to enter the market. Instead of buying a home for herself to live in, she is now planning to 'rentvest' and is looking to buy an investment property in southwest Sydney, towards Panania and as far as said buying further out meant she could buy a bigger property and she hopes to buy a two to three-bedroom townhouse with the same budget by the end of the year. She plans to continue to rent in the inner west to stay close to her family and work, and currently splits her time between renting with her partner and her parents' granny flat. Rinaldi said it was a strategy some of her friends had taken as well, as Sydney property prices continue to skyrocket. 'I've had quite a few friends buy outside of Sydney or then rent inner Sydney, or I've got friends that are just moving to Brisbane and leaving the Sydney market altogether,' she said. 'It's not even the property market that they're getting priced out of, the cost of living is also affecting them.' RBA cut expected to bring more buyers into market Loan Market has recorded a 53 per cent year-on-year surge in home loan pre-approvals and expects numbers will climb further leading into spring following the RBA's cut. A buyer earning $120,000 a year could see their borrowing capacity increase by around $42,000 following the latest cut, compared to the start of the year. Mortgage broker Andrew Dunreath-Cooper told Yahoo Finance there would be more confidence in the market following the RBA cut and said it sent a 'definitive message to buyers that interest rates aren't going to go up again for some time'. Commonwealth Bank economists Luke Yeaman and Lucinda Jerogin expect home prices will grow 6 per cent in 2025 and 4 per cent in 2026, based on the RBA cutting rates in August and again in November. If the RBA ends up cutting again, in early 2026, the bank said there could be a stronger rise in property prices than forecast. Since the first rate cut in February, the bank found national home prices had lifted by 3.1 per cent. The bank expects prices will increase 8 per cent in Brisbane, 5 per cent in Sydney, 5 per cent in Melbourne, 7 per cent in Perth and 6 per cent in Adelaide this year. RBA governor Michele Bullock said there had been a "fairly gradual recovery in housing activity, broadly", including housing prices, development and dwelling investment. "Property prices are about supply and demand, ultimately, in the housing market and we don't control that," she said. "But do know that historically, as interest rates fall, that activity in the housing market picks up. That's exactly what we'd expect." Housing affordability remains a 'significant challenge' Housing affordability continues to be a 'significant challenge' for home buyers, particularly first home buyers. According to the National Housing Supply and Affordability Council, affordability deteriorated in 2024, with roughly half of median household income needed to meet the average mortgage repayments. Yeaman and Jerogin said the rate of decline in affordability had slowed since 2023 as disposable incomes pick up and financing costs ease, but they said there was 'little cause for celebration'. While affordability is estimated to improve over the next two years, even as house prices rise, it will 'remain stretched in a historical sense, particularly relative to pandemic lows'. Dunreath-Cooper said saving for a deposit had been difficult for many first-home buyers who were managing increased costs of essentials like rent, insurance and groceries. Like Rinaldi, he said he has had several customers look to alternative ways to break into the market. 'I've also had several first-home buyers decide that they're going to focus on buying a more affordable investment property rather than a place to occupy, just so they can get into the market,' he said. 'They'll look to leverage the equity in their investment to buy a property to live in down the track.' Rinaldi said the RBA's interest rate cut gave her more confidence as a buyer and her ability to pay mortgage repayments. 'There might be future cuts in the next 12 months so I'm more comfortable buying as well without the fear that rates might go up and then I might have more to pay,' she said. She hopes to eventually buy a place in Sydney with her partner when they start a family in the next few years, but said it would likely still be in southwest in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store