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Credit card surcharges will be cut on October 1.

Surcharge fees on Australian card transactions to be banned

Australian consumers will no longer have to pay surcharge fees and debit and credit card payments from October 1, following a Reserve Bank ruling. But the RBA admitted businesses could raise consumer prices.

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A surcharge for tip-and-go purchases will be removed. Photo: NewsWire/ Gaye Gerard

Credit, debit surcharge fees now banned

The RBA has scrapped a hidden fee that was costing Australians $1.6bn a year in a major change for shoppers – but there’s a catch.

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Westpac is forecasting three more rate rises.

Major bank says interest rates are heading toward GFC levels

Westpac is now forecasting three rate hikes that would take the Reserve Bank of Australia cash rate to 2008 levels.

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AI disruption and Middle East tension are wreaking havoc.

ASX tech slump nears 50pc, WiseTech founder down $6 billion

The founders of Pro Medicus and WiseTech Global have lost more than $15 billion between them in just over six months.

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Fuel prices have surged.

Aussie economy could go backwards by June

A top analyst warns Australia’s economy could go backwards in the next three months as families feel the pinch from Donald Trump’s Middle East war and rising interest rates.

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Australians are adjusting their shopping behaviours in response to various factors, including cost, value, environmental and social considerations.

Households fight back as financial stress hit decade-high

Australian households are increasingly switching providers, trading down to cheaper products and tapping into loyalty programs to cope with cost-of-living stress, which has hit a decade high.

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Droneshield Chief Product Officer Angus Bean.

‘Huge problem’: Australia warned to bolster drone defences

Counter-drone company says Australia remains drastically unprepared for next type of global warfare.

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Markets dip as oil jumps.

Oil jumps as Houthis join Middle East war, tech sector dives

Rising oil prices rattle markets as Middle East conflict fears intensify, sending the ASX 200 down in early trade.

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Auction rates have plunged as confidence disappears.

Plunging auction rates point to house price falls

Buyer confidence disappeared on the weekend as slow bidding at auctions suggests house prices are on the nose.

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Australia’s resources giants are making moves to shore up the nation’s economic engine by calling for the reintroduction of COVID-era waivers to share information between competitors. 

Mining giants call for COVID-era waivers amid energy crisis

Australia’s resources giants are making moves to shore up the nation’s economic engine by calling for the reintroduction of COVID-era waivers to share information as the war in the Gulf rages.

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Donald Trump’s hand-picked critical minerals tsar Joshua Kroon, pictured right, has told Australia’s mining sector that critical minerals will become one of the central pillars of the US alliance as both nations work together to end their reliance on supply from China. 

Trump’s man on ending reliance on China’s critical minerals

A senior Trump administration official has told Australia’s mining sector that critical minerals will become one of the pillars of the US alliance as both nations work together to end their reliance on China.

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The prime mover completed the delivery 25 minutes faster than the average diesel truck.

‘Decouple from diesel’: Australian-first EV delivery

There has been a significant development in the EV trucking world as concerns grow around Australian fuel security and the effect ongoing shortages will have on supply chains.

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RBA governor Michele Bullock announced another interest rate rise this month Gaye Gerard NewsWire

RBA to air board's disagreement in meeting minutes

Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.

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For many couples, money is a source of stress and if you’re expecting to fight about it with your partner you might be wrong.

This is what really happens when couples talk money

For many couples, money is a source of stress and if you’re expecting to fight about it with your partner you might be wrong.

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Anthony Albanese has tried to soothe community anxiety about fuel shortages.

What crisis? Albo’s fuel approach is in full-on panic mode

Anthony Albanese says he is doing his best to help soothe community anxiety about fuel shortages. Here’s why the PM’s approach is looking panicked.

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