Personal Finance

I have 8 nieces and nephews. What is the appropriate age to stop giving envelopes full of money during the holidays?

‘Sometimes, we don’t even see the kids for the holidays and we’re just pushing around cards and envelopes.’

Brexit: what will change for Britons in the EU on 1 January?

A look at the major changes Britons can expect to encounter in the EU when the transition period ends

Northern NSW job ads rise, but businesses concerned over high post-COVID unemployment

Mechanic Kevin Flew has been trying all year to fill a vacancy at his automotive workshop in northern New South Wales, but has been unable to find anyone prepared to do the job.

China imposes anti-dumping measures on Australian wine

China on Friday said it would impose anti-dumping tariffs on Australian wine, the latest salvo in an increasingly terse standoff between the two that has worsened since Canberra called for an inquiry into the origins of Covid-19. But Australia's trade minister Simon Birmingham on Friday blasted the punitive measure as "grossly unfair, unwarranted, unjustified", and called the dumping accusation "erroneous in fact and in substance".

Cash-strapped Sri Lanka extends import ban despite EU protest

Sri Lanka Thursday extended a ban on non-essential imports such as vehicles as it battles a foreign currency crisis, despite EU claims it violates international trade regulations. The ban was announced by the finance ministry in March as the local currency plunged and the economy reeled from the impact of the coronavirus pandemic and last year's Easter Sunday bombings. "The restrictions are primarily because of the difficult situation we are in...

Ferne McCann's mystery man 'unveiled as businessman worth £30M'

On her ITVBe show First Time Mum last month, the TV personality was seen gushing about an elusive 'Mr C' offering to take her on a trip to Cannes via private jet to celebrate her 30th birthday.

India regulators probe alleged AstraZeneca shot reaction, trial continues

India regulators probe alleged AstraZeneca shot reaction, trial continues

'It's called being human': 'Exhausted' Berejiklian urged to take break after a week of unforced errors

Senior Liberals are concerned that Gladys Berejiklian will continue to make missteps if she does not take a break following a disastrous week for the Premier.

These money and investing tips can help you manage your portfolio — and your expectations — in 2021

These money and investing stories were popular with MarketWatch readers over the past week.

Tesla recalls 870 cars in China over defective roofs

US electric car maker Tesla is recalling 870 vehicles in China over defective roofs, part of which could fall off, China's market regulator said on Friday. The announcement comes just a month after another recall of almost 30,000 cars imported into China -- the world's biggest auto market -- due to suspension defects. On Friday China's State Administration for Market Regulation said the latest recall affects Model X cars produced between March...

Snap strike throws state's transport network into chaos

The state's train network has been thrown into chaos after the rail union called an unplanned strike close to midnight.

The Guardian view on Arcadia and a retail emergency: where's the plan?

Arcadia is a figurative region of rural contentment. Perhaps no other business has been so inappropriately named as Arcadia Group, which owns Topshop, Burton and Wallis. This week it is likely to enter administration, offering a cautionary tale. Sir Philip Green, Arcadia’s driving force, used cost-cutting to boost profits. Financial engineering saw a £1.2bn tax-free dividend paid to the Green family in 2005. But there was little innovation....

Victoria's coronavirus lockdown rules end for some workers, but Melbourne CBD may be forever changed

Melbourne office workers will be allowed back to work on Monday — but after nine months of working from home, some businesses giving up their leases and traders that didn't make it through lockdown, the future of the CBD remains unclear.

De Blasio reverses, says New York City schools will reopen

New York City will reopen its school system to in-person learning, and increase the number of days a week many children attend class, even as the coronavirus pandemic intensifies in the city, Mayor Bill de Blasio said Sunday.

More than half of German retailers pessimistic about Christmas - HDE

More than half of German retailers pessimistic about Christmas - HDE

How gambling authorities missed Crown's criminal ties

After at least seven years of revelations about Crown's dealings with junket operators tied to organised crime going public, the gambling giant has received nothing but a few fines. Why do our regulators appear to be in the dark?

Australia shares poised to open higher; New Zealand rises

Australia shares poised to open higher; New Zealand rises

Philip Green urged to plug pension shortfall before Arcadia administration

The Arcadia boss, Sir Philip Green, is under pressure from MPs and unions to use his private fortune to “make good” the huge shortfall in his retail empire’s pension scheme ahead of the company’s expected collapse into administration. The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton is expected to enter administration in the coming hours after the weekend failed to bring a last-minute rescue deal...

Australia prepares to escalate action against China to World Trade Organization over barley tariffs

As tension grows over Beijing's massive tariffs on Australian wine, the Federal Government is continuing with plans to take China to the World Trade Organization over barley exports.

Battered by virus and oil slump, biofuels fall out of favour

Hit by the coronavirus pandemic and a sharp drop in oil prices, biofuel demand has declined for the first time in two decades and may struggle to recover, according to experts. While the cost of the equivalent of a barrel of biodiesel has remained at around $70 throughout the pandemic, the price of crude oil plunged at the beginning of the year when drastic coronavirus lockdown measures cut demand.

OPEC+ yet to find compromise on oil policy for 2021, say sources

OPEC+ yet to find compromise on oil policy for 2021, say sources

Culture Secretary demands Netflix make clear The Crown is 'fiction'

Oliver Dowden last night demanded that Netflix make clear The Crown is 'fiction'.

Property app Dwell matches renters directly with landlords, cutting out real estate agents altogether

A new Australian app called Dwell has launched, which matches renters and landlords. It's designed to cut out the middle person (real estate agents) and provide a streamlined connection between renters and landlords.

Premier's texts about hotel quarantine plans to be made public

The text messages Premier Daniel Andrews sent to his chief of staff have been handed to Victoria's hotel quarantine inquiry among a raft of new documents.

Meet the small shops and businesses counting down to Christmas

Last week saw many shops offer Black Friday discounts in a bid to woo shoppers but others have opted to create novelty advent calendars to showcase their goods and entice sales in December.

France's Niel, Pigasse target consumer goods with new acquisition vehicle

France's Niel, Pigasse target consumer goods with new acquisition vehicle

How Ballarat gold rush museum Sovereign Hill survived its own internal rebellion to turn 50

Sovereign Hill, where boiled lollies, gold panning, horse poo — and nation-defining history — have become a rite of passage for generations of schoolchildren, is turning 50. But what of its future?

HEALTH NOTES: Fruity sweets help dementia patients beat dehydration

The tasty fruity drops were invented by British student Lewis Hornby after his grandmother Pat was rushed to hospital suffering with severe dehydration.

Field narrows for global miner Rio Tinto's top job

Field narrows for global miner Rio Tinto's top job

As demand for plant-based meat soars, a new $11 million manufacturing plant has opened in Sydney

Proform Foods launched a new $11 million plant-based meat facility in Sydney this week. The site will produce 5000 tonnes of plant-based meat under the company's MEET brand.

Berejiklian shrugs off 'slush fund' scandal, backs away from ICAC boost

Premier Gladys Berejiklian has indicated the state's corruption watchdog will miss out on an extra $7.3 million as she defended the practice of pork barrelling.

State awakens: borders set to reopen as NSW embraces more freedoms

When her iPhone lit up on her desk on Tuesday morning, Premier Gladys Berejiklian had an inkling of what was to come. It was Queensland Premier Annastacia Palaszczuk.

Electricity supplies under pressure due to heatwave, energy market operator warns

No weather event affects the power system more than heatwaves, and electricity reserves are predicted to tighten as temperatures reach extreme levels in Australia's east in the coming days.

Use your gift card quickly... or it could end up worthless

Just ask Doug and Angela James. The couple, from East Sussex, had a 'distressing and infuriating' experience trying to spend money on their Vanilla gift cards.

Cutting UK overseas aid in the name of Covid fiscal prudence is pure nonsense

Britain is on course to borrow the thick end of £400bn this year and so, according to Rishi Sunak, the aid budget has to be cut. The UK will always be a good global citizen, the chancellor said last week, but times are tough. There’s a pandemic going on and so hard choices have to be made. This argument failed to convince Andrew Mitchell, a well-regarded international development secretary under David Cameron, who is organising a rebellion among...

JEFF PRESTRIDGE: Lloyds shows cash CAN survive

It will result in 500 retailers offering cashback facilities for the first time. All will be business customers of the bank. It will not just be corner shops that will be targeted, but pharmacies, cafes and pubs.

Queensland to borrow more, call in debts

Queensland Treasurer Cameron Dick says there will be significant borrowings in the budget and the state's debts will be called in to fund the deficit.

The Guardian view on cutting development spending: little Britain

What’s another broken promise? Boris Johnson’s government has doubtless lost count of all those left strewn in its wake. So the news that Britain is abandoning its pledge to spend 0.7% of GDP on aid, enshrined in law by David Cameron and reaffirmed in the Conservative manifesto only a year ago, is not as surprising as it should be. The dismantling of the Department for International Development, now folded into the Foreign Office, demonstrated...

I am a white woman of privilege and a single mother. I need a ‘zinger’ to stop my sister-in-law telling me why I have it so good

The Moneyist reveals his 5 golden rules for dealing with difficult people.

Remember, COVID-19 spread when 5 million people left Wuhan for Chinese New Year — yet an estimated 50 million Americans traveled for Thanksgiving

Over 266,000 people have died in the U.S. from the coronavirus.

Britain's pubs: we'll soon see the value of them, but will it be too late?

Long before the pandemic, the sight of a disused British pub had become so commonplace as to seem almost banal. In 2018, it was estimated that a quarter of UK pubs had shut over the previous two decades. And last year, the number of closures was put at 994, just under 20 a week. The roots of this story lay in a range of factors: property development, the often debt-stacked finances of the pub companies who own many premises, and the lifestyle...

Fauci: U.S. may see ‘surge upon surge’ of coronavirus in the coming weeks

The nation's top infectious disease expert said Sunday that the U.S. may see “surge upon a surge” of the coronavirus in the weeks after Thanksgiving, and he does not expect current recommendations around social distancing to be relaxed before Christmas.

Mixed retailer optimism on 'Black Friday' amid pandemic

The coronavirus is clouding "Black Friday" much as it has overshadowed 2020 in general, but some leading experts still expect strong overall sales even as shopping patterns are altered. The more bullish case for the holiday shopping season cites robust demand for bigger-ticket items such as home improvement projects, new computers and home fitness machines as more people work from home and e-commerce grabs an ever-increasing share of the overall...

Australian businesses say they are being stung by an ‘atrocious’ new PayPal fee on US transfers

Australian businesses and sole traders are suddenly being stung by a new 3% PayPal fee charged on any US transfers, including use of a PayPal competitor to convert currency.

Covid-19 dampens holiday cheer for Black small businesses

It's been a rough year for Black-owned small businesses in the United States, and the latest surge in coronavirus cases suggests a festive season without much celebration. An August Federal Reserve of New York paper said the number of Black small businesses fell by 41 compared with a 17 percent drop in white-owned businesses.

Crown gave staff COVID-19 leave, then clawed it back from taxpayers

The casino giant recovered voluntary payment of two weeks' wages to staff who were stood down due to COVID-19 from taxpayers by claiming it back through the government's JobKeeper scheme.

From jobs to child care: How this second surge in COVID-19 can damage your finances — as well as your health

More people were having trouble getting enough food on the table in early November compared to five weeks earlier.

Reporting on wealth: ‘The virus isn't a leveller. It has made the rich richer’

As wealth correspondent, which stories have most informed your thinking on the topic? In my reporting, I’ve been interested in how the hobbies and lifestyles of the super-rich affect everyone who isn’t well-off. I wrote an investigative piece on superyachts, and how their billionaire owners often spend £200m or more on what is essentially a floating palace on the ocean, but staffed by people who are entirely unsupported, working up to 24 hours a...

Biden to nominate Tanden, Rouse to economic team: WSJ

Biden to nominate Tanden, Rouse to economic team: WSJ

Victorian Government bans financial institutions running school banking programs like Dollarmites

Commonwealth Bank says it is "surprised and disappointed" after the Victorian Government moves to ban "low-quality" school programs run by financial institutions.