Will you SME my Valentine? Judo Bank posts love letter to small business clients
Love is all around. Just check the pages of Australia's august newspapers, as Judo Bank shares its Valentine's Day wishes to small business customers.
Australian B2B BNPL provider BizPay collapses into administration
Bizpay, the Australian fintech offering buy now, pay later services for business-to-business invoices, has fallen into voluntary administration.
Court actions by Big Four banks against SMEs ramp up to pre-pandemic levels
The Big Four banks are ramping up their court activity against small businesses as interest rates continue to rise, with legal actions firmly at pre-pandemic levels in October.
Australia “far from the peak” of business failures as slowing consumption hits struggling enterprises
Australia's business failure rate is only set to rise over the next year, analytics firm CreditorWatch states, as persistently high interest rates and lower consumption squeeze enterprises struggling to maintain profitability.
‘Retail recession’: Small businesses respond to “super cautious” shoppers as turnover dips
Australian shoppers are now "super cautious" about their spending habits, one small business operator says, as the effects of long-running inflation and interest rate concerns lead some economists to declare a "retail recession".
“What’s next on the chopping block?”: How Australian small businesses are reacting to the interest rate pressure
Asking for payment extensions. Pausing ad campaigns. Slashing graphic design projects. In the face of surging interest rates, entrepreneurs are making drastic decisions to cope with the new cost of their loan repayments.
Consumer confidence plunges to GFC levels as crucial pre-Christmas trading period begins
Australian consumer confidence has fallen to levels not seen since the dawn of COVID-19 lockdowns and the depths of Global Financial Crisis despair, Westpac says.
Reserve Bank of Australia issues Melbourne Cup day cash rate hike as inflation bursts out of the gate
One favourite has already come good on Melbourne Cup day after the Reserve Bank of Australia raised its cash rate target 25 basis points to 2.85%.
Budget 2022: 10 things we know about Labor’s “wellbeing” budget and support for businesses
A lot can change in six months. Just ask Treasurer Jim Chalmers, who will on Tuesday deliver a vastly different federal budget to the economic roadmap laid out by the Coalition in March.
“Hard economic landing”: Builders urge RBA to take its time on another interest rate hike as construction faces the brink
The construction industry is weighing the need to combat inflation against the likelihood rising interest rates will deter new home buyers.
Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector
Volt on Wednesday confirmed the "difficult decision" to end its deposit-taking functions and return all deposits to its customers.
‘It’s actually a threat’: Apple crashes the buy now, pay later party, putting fintechs on high alert
Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.
