Group of friends at a restaurant Santiago Nunez | Klaud9 | Getty Images The Singapore coffee market is already crowded, but brands continue to open new locations in the city-state in hopes success on the island will kickstart international expansions. In the last few months, at least five players – China’s Luckin Coffee, Indonesia’s Kenangan … Read more
A popular coffee chain, with four locations in Melbourne, has gone into administration. Puzzle Coffee went into voluntary administration on June 28, according to documents listed by the Australian Securities and Investments Commission (ASIC) The café chain, which boasts cafés at Swanston St, Melbourne Central, Southern Cross Station and Chadstone Shopping Centre, said they are … Read more
A 0.25 mg injection pen of Novo Nordisk’s weight loss drug Wegovy is shown in this photo in Oslo, Norway, on Aug. 31, 2023. Victoria Klesty | Reuters Novo Nordisk on Thursday said it sued two compounding pharmacies in Florida for allegedly selling impure and “potentially unsafe” drugs claiming to contain semaglutide, the active ingredient … Read more
The Reserve Bank of Australia will get its first woman leader as the federal government chooses not to extend Philip Lowe’s tenure. Lowe will be replaced by Michele Bullock, the current deputy governor of the central bank. WATCH THE VIDEO ABOVE: Michele Bullock named new RBA leader. Treasurer Jim Chalmers has repeatedly expressed his admiration … Read more
Been meaning to buy new specs, get a dental check up or treat yourself to a massage? Arrange it quickly — if you can. As 2023 comes to an end, Australians are being reminded there’s limited time left to claim on private health insurance extras before the extras ‘reset’ in the new year. And Aussies … Read more
A $100 million settlement has been reached on behalf of Colonial First State superannuation fund members who were allegedly charged excessive fees, with thousands eligible for reimbursements. The class action alleged the super trustee charged excessive fees as part of arrangements to pay ongoing commissions to financial advisers who did not provide continuing services to … Read more
Australians attempting to lodge their tax return are reporting being stuck in a queue landing page — some for more than an hour — as the tax office deals with a huge volume of people accessing the site. Logging in to myGov and visiting the Australian Tax Office website directs some people to a waiting … Read more
Australia’s top-performing balanced superannuation funds for the last financial year have been revealed, according to new research. Members in six of the best-performing funds achieved double-digit returns in the year to June 30, research house SuperRatings says. WATCH THE VIDEO ABOVE: Nine commonly overlooked tax deductions. The consultancy firm named ESSSuper, Vision Super and Brighter … Read more
Millions of Australians are making easy financial slip-ups costing them hundreds of dollars each year, according to new research revealing the most common money mistakes. About two in five people, equivalent to 8.3 million Australians, are guilty of making a financial error in the last 12 months, comparison site Finder has revealed. WATCH THE VIDEO … Read more
National Australia Bank says it will be blocking transactions to some cryptocurrency exchanges as part of its strategy to reduce financial crime. A NAB spokesperson said it would not comment on how it deemed what exchanges were “high-risk”. But they said the blocks were introduced “where we identify a high proportion of payments going towards … Read more
