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JAPAN SET TO INVITE PHILIPPINE PRESIDENT AS STATE GUEST: KYODO...
Ray Dalio Launches 'Digital Ray' AI Twin Built On Investing Rules, Says 'Algorithmic Decision-Making Is Coming'
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The Concierge Model Comes to Bill Pay
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Wall Street Brings Sophisticated Quant Trading to the Masses
Fresh Middle East Strains Drag on Stocks
China’s Changan aims to be among world’s top-10 carmakers by 2030
Musk bought $1.4 billion SpaceX shares last year, The Information reports
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Apple chief Tim Cook to hand over to John Ternus in September
ECB’s Nagel stresses the need to guard against misuse of artificial intelligence systems....
Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
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France Sees Up to €6 Billion Budget Impact From Iran War
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Swiss Real Wages Jump Most in Almost Two Decades
China’s finance ministry plans to issue 30bn yuan of 91-day bills via auction on April 22....
Ripple Launches Ambitious Quantum Protection Strategy for XRP Ledger Through 2028
Keurig Dr Pepper Gains Attention with New Ghost Energy Collaboration
BP's Fair Value Increases Amid Analyst Adjustments
Shipping Disruptions in Strait of Hormuz Impact Global Fertilizer Trade
Salesforce Gains Attention from Investors Amid AI Platform Developments
Lockheed Martin Shares Experience Recent Decline Amidst Strong Yearly Performance
Uber Launches Robotaxi Service in Croatia and Expands Retail Delivery
Anthony Scaramucci-Linked AlphaTON (ATON) Rebrands As Alpha Compute In 'Hard To Do' AI Pivot, CEO Terms Nvidia GPUs As 'Core' Balance Sheet Assets
US Stocks Edge Up as Traders Await Iran Update: Markets Wrap
Estée Lauder Seeking €5 Billion for Puig Deal, Report Says
UK: New energy strategy includes long-term renewable price contracts to help protect consumers...
Ethereum (ETH) Surges 41% as Whales Deploy $150M in Leveraged Positions
Japan stocks higher at close of trade; Nikkei 225 up 0.88%
J.P. Morgan lifts S&P 500 year-end target to 7,600 on AI-driven earnings
UK labour market cools by less than expected in three months to February
AB Foods to Separate Its Budget Fashion Chain Primark
BoJ warns it must monitor the potential impact on firms’ financial standing....
AI Optimism Pushing Stocks Higher Despite Iran Risks: 3-Minutes MLIV
UK labour market stable before Gulf war
RBA to ban card surcharges and cut interchange fees in payments overhaul
The Reserve Bank of Australia has announced a broad overhaul of the payments system that will ban card surcharges on eftpos, Mastercard and Visa networks and reduce interchange fees paid by businesses. The central bank said the changes are expected to deliver about A$2.5 billion in annual savings across consumers and businesses.
The surcharge ban will take effect on October 1, 2026, after a year-long review found the current framework no longer works well in a market where card payments dominate. The RBA estimates consumers will save about A$1.6 billion a year, while lower interchange fee caps should cut business payment costs by about A$900 million annually, with smaller businesses expected to benefit most.
The central bank also plans to extend interchange fee caps to foreign-issued cards from April 2027. It said it will increase transparency requirements for card networks and payment providers and consult in mid-2026 on possible rules for mobile wallets, buy now pay later services and other digital payment channels.
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Source: KLEA News