Armaguard rejects $26 million lifeline after being asked to open its books

Armaguard rejects $26 million lifeline after being asked to open its books

After asking for financial support and walking away from $26 million on offer,Armaguard will try to negotiate with customers individually,but good faith may have eroded along the way.

  • byJessica Yun

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The billionaire versus the banks:The fight over the death of cash

The billionaire versus the banks:The fight over the death of cash

Billionaire Lindsay Fox’s ownership of Armaguard makes him the king of cash (of sorts). The trouble is cash is going the way of the dodo.

  • byElizabeth Knight
Ban on Palestinian workers grinds Israel’s construction sites to a halt

Ban on Palestinian workers grinds Israel’s construction sites to a halt

Across Israel,building sites are idle,adding up to an estimated $1.2 billion in lost output each month.

  • byGalit Altstein
Don't run out of cash
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Don't run out of cash

Melbourne Rebels president and businessman Paul Docherty's key rule for staying in business.

US economy continues to defy expectations but Trump and Biden won’t admit it

US economy continues to defy expectations but Trump and Biden won’t admit it

Uncle Sam is putting the rest of the world to shame.

  • byThe Economist
How I found myself agreeing with cash king Bob Katter

How I found myself agreeing with cash king Bob Katter

Too many businesses are going cashless and it’s costing consumers. The banks and other payment providers,meanwhile,make a fortune from fees on card payments.

  • byCaitlin Fitzsimmons
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Why the end of cash could be catastrophic for your kids
Opinion
Opinion

Why the end of cash could be catastrophic for your kids

With more and more services going cashless,teaching our children good money habits is getting harder.

  • byNicole Pedersen-McKinnon
Britain slides into recession,dragging down Sunak’s election hopes

Britain slides into recession,dragging down Sunak’s election hopes

The Conservative Party has dominated politics for decades with a reputation for economic competence. But polls now show Labour is more trusted with the economy.

  • byRob Harris
Japan slips into recession,no longer world’s third-biggest economy

Japan slips into recession,no longer world’s third-biggest economy

The unexpected result shocked market analysts who were expecting an improvement in the economy.

  • byEryk Bagshaw
Good riddance to cheques,but don’t ditch cash just yet
Opinion
Payments

Good riddance to cheques,but don’t ditch cash just yet

Cheques are an inefficient form of payment and should be phased out. Cash,however,is still used and valued by many.

  • byNoel Whittaker
June 2023:Federal government will abolish cheques by 2030
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June 2023:Federal government will abolish cheques by 2030

Cheques to be phased out in overhaul of Australia's payments system.