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The Latest Breaking News from Angel Zhong

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

The Guardian - AU

The RBA wants to ban debit and credit card surcharges. Banks are fighting back

Banks say the RBA and government are not telling consumers about the true cost of the changes, including higher fees and weakened loyalty programs

The Guardian - AU

Qantas sackings 'betrayed Spirit of Australia' values

Qantas is being warned it risks losing its place in the national psyche after its latest indiscretion: a $90 million fine for the illegal sacking of workers.

AAP

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Cafes, small businesses fear brunt of surcharge cut

The dreaded $6 line for a coffee could soon become reality for cafe owners after a proposal to scrap card surcharges could force fees to pass on to customers.

AAP

Churning, hacking, revolving, transacting: who wins in the ‘credit card points game’?

Influencers and online communities share tips about how to maximise points to travel the world in style. But can consumers really use their credit cards to get something for nothing?

The Guardian - AU

Christmas Day is the sweet spot for holiday air travel

Travellers may think their Christmases have all come at once when they discover how much cheaper - and even fun - it can be to fly on December 25.

AAP

Mass crowds expected for AFL grand final 'for the ages'

More than 400,000 people will attend AFL grand final events in Melbourne, despite it being contested by two interstate teams for the first time in two decades.

AAP

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Bridget McKenzie forced to deny her oped on aviation divestiture signals support for breaking up Qantas

Just hours after opinion appears in AFR, shadow minister clarifies divestiture as ‘one of the various tools the treasurer needs to look at’ but not Coalition policy

The Guardian - AU

Has the latest IT outage quietly slowed the cash crash?

The CrowdStrike outage exposed vulnerabilities in digital payment systems and shows Australia is decades away from a completely cashless society, experts say.

AAP

Cash can't crash: why physical money is here to stay

Experts say notes and coins are not about to vanish from circulation, despite more Australians choosing to go cashless at the counter and online.

AAP

Taylor's swift boost for Aussie retailers a gold rush

Australian retailers are feeling the Swiftie fever all too well as fans racing to get Eras ready spend up to $105 million dollars worth on outfits and more.

AAP

Mass exodus at tech firms after boom time

The notoriously boom and bust technology sector has been bleeding workers in 2023 as rising interest rates and falling demand hit hard.

The New Daily

RBA urges calm as markets extend losses after Credit Suisse bailout

Australian markets have plunged again as the bailout of European banking giant Credit Suisse rattles confidence in the global bank system.

The New Daily

World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse

Beleaguered bank Credit Suisse is bought out by Swiss rival UBS, with the nation's president saying an uncontrolled collapse would have had "incalculable consequences" for the international finance system.

ABC News

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ABC News

St.George Bank defends flagging payment of $30 that had 'Muslim' in transaction description

A Bank of Melbourne customer is left confused after being told to contact the economic and trade sanctions team over a $30 transfer to a family member.

The New Daily

Investing time for a budget could help you through the looming recession

Most economists are anticipating a global recession in 2023, but by having a budget and not falling into sales traps, you might just be okay.

The New Daily

What might change with David Jones after the Anchorage acquisition

David Jones is a recognisable brand in Australia, but to stay relevant, things might need to change, here's what experts gave to say.

The Guardian - AU

FTX bypassed regular process for obtaining Australian financial services licence

Crypto exchange took over a company that already held a licence and the regulator did not assess its fitness

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The New Daily

‘Significant harm’: Government urged towards toughest option in buy-now-pay-later crackdown

Buy-now-pay-later giants like Afterpay could be forced to obtain credit licenses and check whether their customers can afford loans.

The New Daily

Traps and tricks for shoppers as sales season heats up

Consumers are about to be hit with sales, but there are traps some might fall for. Here's how to take advantage of a deal.

The New Daily

‘Bloodbath’: Australian market erases $60 billion within hours – but don’t panic

More than $60 billion was wiped from the Australian stock market on Wednesday in a broad sell-off triggered by economic woes in the US.

The New Daily

Superannuation has performed well, but change is afoot with rising rates

Superannuation has been the place to be over the last five years with the latest figures from SuperRatings showing that the top performing balanced funds

The New Daily

‘Unattractive’: The many reasons why Elon Musk dropped Twitter bid

Elon Musk’s $US44 billion ($64 billion) bid to buy Twitter has hit a fresh snag amid new speculation that the billionaire might walk away soon.

The New Daily

Elon Musk under pressure after Twitter board backs $63 billion deal

Twitter’s board has turned up the heat on billionaire Elon Musk, unanimously backing his $63 billion bid for the platform despite ongoing disputes.

The New Daily

Buy now, pay later clobbered by interest rate hikes and inflation fears

Buy now pay later firms have been the darlings of share markets in recent years but their shareholders are at last having to pay the cost

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