Tag #Cash

Showing 13 to 15 of 15 results

smh.com.au

🌐 65% Global Worthiness

Dec 20, 04:10

Australia Mandates Cash for Essential Goods from 2026

The Australian government proposes a 2026 mandate requiring businesses selling essential goods (groceries, children's clothes) to accept cash, but not non-essentials (alcohol), with penalties for non-compliance, including potential class-action lawsuits, to combat declining cash use (under 13 percen...

Australia Mandates Cash for Essential Goods from 2026

The Australian government proposes a 2026 mandate requiring businesses selling essential goods (groceries, children's clothes) to accept cash, but not non-essentials (alcohol), with penalties for non-compliance, including potential class-action lawsuits, to combat declining cash use (under 13 percen...

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How does the proposed cash mandate aim to balance the needs of consumers who wish to use cash with the concerns of businesses regarding the handling of cash transactions?

The mandate aims to address the decline of cash use in Australia (below 13 percent of transactions), impacting the cash-handling industry. The government's proposal addresses this by requiring the acceptance of cash for essential goods and services, with potential penalties for non-compliance, including class-action lawsuits from consumers. This aims to balance the needs of consumers and businesses.",

faz.net

🌐 75% Global Worthiness

Dec 18, 16:15

Averted Strike Averts German Cash Crisis

A potential strike by 10,000 German cash transport workers was averted after reaching a wage agreement (6.5%-8.4% increase) and a new 5-year contract; despite 50% of transactions still being in cash, businesses expect minimal disruption due to the increasing use of cards.

Averted Strike Averts German Cash Crisis

A potential strike by 10,000 German cash transport workers was averted after reaching a wage agreement (6.5%-8.4% increase) and a new 5-year contract; despite 50% of transactions still being in cash, businesses expect minimal disruption due to the increasing use of cards.

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What immediate impact would a strike by cash transport workers have on German consumers and businesses?

Commerzbank advises customers to use cards or mobile payment methods like Google Pay or Apple Pay if a cash shortage occurs due to potential strikes by cash transport workers. The bank has taken measures to minimize disruption, while the German Federal Bank clarifies its role is supplying banks, not directly consumers. Rewe supermarket chain assures its cash supply is secured, reflecting a broader industry perspective.

cnbc.com

🌐 75% Global Worthiness

Dec 19, 22:11

Gundlach Advises Increased Cash Positions Amidst Fed's Revised Rate Cut Projections

Fixed income investor Jeffrey Gundlach advises increasing cash positions to 30% of a portfolio due to the Federal Reserve's announcement of only two potential rate cuts in 2024, impacting money market fund yields which currently stand at 4.41% on the Crane 100 Money Fund Index, contrasting previous ...

Gundlach Advises Increased Cash Positions Amidst Fed's Revised Rate Cut Projections

Fixed income investor Jeffrey Gundlach advises increasing cash positions to 30% of a portfolio due to the Federal Reserve's announcement of only two potential rate cuts in 2024, impacting money market fund yields which currently stand at 4.41% on the Crane 100 Money Fund Index, contrasting previous ...

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How does Gundlach's investment strategy account for the evolving expectations surrounding Federal Reserve policy?

Gundlach's recommendation to increase cash holdings stems from the Federal Reserve's announcement of only two potential rate cuts in 2024, down from the four signaled in September. This shift impacts money market fund yields, which are expected to remain relatively high, making cash a more attractive investment. The total assets in money market funds have increased to $6.77 trillion, indicating a significant shift in investor behavior.

Showing 13 to 15 of 15 results