Latest from Banking and finance

Westpac follows ASB and lifts home loan rates

Big bank will lift its short-term mortgage rates but lower its long-term ones.

Telecoms company backed by Russian billionaire Roman Abramovich sold for £1

Financial Times: The British telecoms company had been in limbo since March.

Zip’s shares tank amid fears it is in ‘cycle of death’

There are mounting concerns the buy now, pay later sector could be wiped out.

Airfare pain: Whopping surge in international prices

Latest CPI figures confirm travellers have suffered from eye-watering fares.

Finance sector urged to support customers through tougher economic times

Regulator says making sure there is assistance is a priority.

Luxury boom shows the staying power of the ultra-rich

Financial Times: Somehow, the spending splurges of younger cohort set to boom enormously.

Eurozone set to avoid recession this year as economists’ gloom lifts

Financial Times: Big change as IMF indicates it will upgrade global forecasts.

Auckland housing developer folds after lender says ‘no’

Five big problems blamed for housing developer's failure.

Apple’s supply chain bet

FiT: Even before violence in China, Apple had plans to make more of its own hardware.

Warner Bros Discovery weighs sale of music library to slash debt

Financial Times: Catalogue including Batman soundtracks could get more than $1.5 billion.

US inflation falls to lowest level in more than a year

Financial Times: Sixth consecutive month of decline amid Fed tightening.

Opinion: What if 2023 is not the reset investors are pining for?

Financial Times: Party-poopers point to the risk of a Fed pivot.

Coinbase to slash a fifth of workforce as crypto crisis deepens

Financial Times:

Westpac customers hit again: Store 'turning people away'

The Australian-owned bank has apologised for the second time in a week.

$400k gone: The 'sickening gut punch' when you learn you've been scammed

They thought they'd invested $400,000 at Westpac. Weeks later they learned it was a scam.

Boss of SA power producer Eskom survived cyanide poisoning attempt

Financial Times: Amid climate of corruption, boss claims he was given cyanide-laced coffee