Warning cost of timber may rise as major supplier halts local sales

People building or renovating their homes may have to increase their budgets, as one of the country's major timber suppliers halts some local supplies.Carter Holt Harvey has stopped supplying structural timber to Bunnings, ITM and... Source: NZ Herald Business News

By | March 28th, 2021|Business|0 Comments

China erasing clothing brand H&M from sales platforms amid Xinjiang backlash

H&M disappeared from the internet in China as the Government raised pressure on shoe and clothing brands and announced sanctions on Friday against British officials in a spiralling fight over complaints of abuses in the Xinjiang region.H&M... Source: NZ Herald Business News

By | March 28th, 2021|Business|0 Comments

Employment compensation: Auckland woman wins $10,000 after job issues at Muffin Break Botany franchise

A woman not long out of school has won $10,000 after various issues with her employer, including limiting breaks and an unexpected disciplinary meeting in the middle of an Auckland mall after which she was comforted by a customer.... Source: NZ Herald Business News

By | March 27th, 2021|Business|0 Comments

S&P 500 returns to a record high after best day in weeks

U.S. stocks burst to their best day in three weeks on Saturday (NZT), helping Wall Street return to record heights and avoid what could have been a second straight weekly loss.The S&P 500 added 65.02 points, or 1.7%, to 3,974.54,... Source: NZ Herald Business News

By | March 27th, 2021|Business|0 Comments

Opinion: Prince Harry is surfing a wave of wokery to an economic abyss

Harry is surfing a wave of wokery to an economic abyssPrince's new job means he doesn't need to rely on family handoutsSo what is a chief impact officer exactly? And how does the impact they have on the organisation differ from,... Source: NZ Herald Business News

By | March 27th, 2021|Business|0 Comments

Covid 19 coronavirus: 1000 fewer businesses since level 4 lockdown – Stats NZ

By RNZ Fewer businesses are operating across the country than there were before the nationwide lockdown a year ago.The latest StatsNZ figures highlight the impact of the pandemic, showing there were more than 1000 fewer businesses... Source: NZ Herald Business News

By | March 26th, 2021|Business|0 Comments

Housing: Carter Holt Harvey cuts timber supplies to Mitre 10, Bunnings, ITM

Builders are at risk of going under as Mitre 10, Bunnings, and ITM face a dire shortage of building timber after Carter Holt Harvey's decision to cut its supplies to the three companies because of accelerated house construction. Mitre... Source: NZ Herald Business News

By | March 26th, 2021|Business|0 Comments

Buyers and vendors unfazed by new housing rules, says real estate agency

By RNZ Investors who bought a house today will have scraped in on avoiding the Government's extension to the bright-line test.On Tuesday the Government extended the test to 10 years for properties bought on or after 27 March... Source: NZ Herald Business News

By | March 26th, 2021|Business|0 Comments

Cook Islands bubble: Air New Zealand gearing up for flights

Air New Zealand is gearing up for quarantine-free flights to and from the Cook Islands and says news of a travel bubble is "very encouraging".The airline said its teams are busy preparing to start two-way travel between here and... Source: NZ Herald Business News

By | March 26th, 2021|Business|0 Comments

'The Gravy Train has stopped': Letters mocking struggling Queenstown businesses shock recipients

By RNZ A Queenstown business owner was shocked to receive an email delighting in the struggles the town is facing.High-end fashion boutique Angel Divine was sent an email last week claiming the economic issues confronting Queenstown... Source: NZ Herald Business News

By | March 26th, 2021|Business|0 Comments