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.
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.
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.
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.
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.
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.
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.