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Cash is trending UP in Australia, reports RBA

By API User

The latest official data released yesterday by the RBA shows cash usage is trending up in Australia, despite banks continuing to restrict access to physical currency. The total number of ATM cash withdrawals made in Australia jumped up by 767,600 (2.7%) to 29,438,600 in August 2024 from 28,671,000 in July, (seasonally adjusted) reported the Reserve Bank … Continued

ATFX Announces: Strategic Investment in Spark Systems to Enhance Institutional Offerings

By API User

LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and … Continued

2ONE Labs and Performance Plus Marketing, sellers of 2ONE Nicotine Pouches, Allege Fraud and Seek Damages in ‘Zone’ Trademark Infringement Case Against Imperial Brands

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LOS ANGELES, Oct. 07, 2024 (GLOBE NEWSWIRE) — In a case alleging fraud by one of the world’s largest multinational tobacco companies, 2ONE Labs and Performance Plus Marketing have filed both a trademark infringement lawsuit and a preliminary injunction against Imperial Brand subsidiaries Zone nicotine pouch mark. The suit alleges that Imperial’s Zone products infringe … Continued

2024 Taiwan Design Expo to illuminate Tainan with creativity and innovation

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TAINAN, Taiwan–BUSINESS WIRE– The Taiwan Design Expo, the largest annual event in the country’s design industry, will take place from Oct. 26 to Nov. 10 in Tainan, spanning 16 consecutive days. This marks the fifth time Tainan has hosted the expo. The 2024 edition will spotlight Tainan’s “food,” “clothing,” and its “hidden champions,” under the … Continued

JT Group Completes Acquisition of Vector Group Ltd.

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TOKYO–BUSINESS WIRE– Japan Tobacco Inc. (JT) (TSE: 2914) announces that the JT Group completed the acquisition of Vector Group Ltd. (VGR) on October 7, 2024, following a tender offer, initially announced on August 21, 2024 (JT Group to Acquire Vector Group Ltd.). The tender offer period, initiated on September 4, 2024, expired at one minute … Continued

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

By API User

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 7 OCTOBER 2024 Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments Mytheresa to issue shares to Richemont representing 33% of Mytheresa’s fully diluted share capital Richemont to provide a €100m revolving credit facility to … Continued

SHAVING TZAR HIGHLIGHTS GREAT AUSSIE RAZOR RIP-OFF

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An Aussie shaving entrepreneur is so incensed by the rising cost of razors he’s established an index to track and highlight what we’re paying for what some see as an everyday staple. Oscar de Vries, founder of men’s grooming brand OSCAR, says the already eye watering prices of razors have increased another 11 per cent … Continued

Community demand for non-food aid reaches record high amid cost of living crisis

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New research from leading charity Good360 Australia reveals an unprecedented surge in community demand for non-food aid, with 82% of charities [1] reporting that demand for essential items like hygiene products, clothing, furniture and education supplies is higher than ever before. As the cost of living crisis continues to impact Australians, 84% of charities across Australia … Continued

Retail therapy for local businesses

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Willoughby and Ku-ring-gai Councils are celebrating Small Business Month in October with a special workshop tailored for local retail businesses. The workshop will be held at the Zenith Centre, Chatswood between 7am and 9am on Wednesday 30 October. Local businesses will hear the latest insights on retailing trends and gain insights from their peers who … Continued

SHAVING TZAR HIGHLIGHTS GREAT AUSSIE RAZOR RIP-OFF

By API User

An Aussie shaving entrepreneur is so incensed by the rising cost of razors he’s established an index to track and highlight what we’re paying for what some see as an everyday staple. Oscar de Vries, founder of men’s grooming brand OSCAR, says the already eye watering prices of razors have increased another 11 per cent … Continued