Christmas retail spending up but a warning some businesses are still suffering due to pandemic

New data shows Kiwis are splashing more cash in the lead-up to Christmas than previous years, but Retail NZ says not all retailers are feeling the love. Worldline (previously Paymark) head of data George Putnam said they were seeing... Source: NZ Herald Business News

By | December 22nd, 2021|Business|0 Comments

ComCom outlines issues for bid by media to collectively bargain with Facebook, Google

The Commerce Commission has outlined the issues it will consider in an application by New Zealand news media to collectively bargain with Facebook and Google to seek fair payment for journalism used on their digital platforms.Last... Source: NZ Herald Business News

By | December 22nd, 2021|Business|0 Comments

Prices ease slightly in final Global Dairy Trade auction for the year

Dairy's golden run in the back end of 2021 has come to an end, with prices softening in the latest Global Dairy Trade auction, held overnight. Across the board, the index dropped 1.5 per cent - the first fall since August 3. The... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Melbourne six-year-old and her siblings buy house with pocket money

An Australian six-year-old and her siblings have saved up their pocket money to buy something most kids can only dream of - their first home.With the property market booming both here and across the ditch, many parents fear they... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Weather-related insurance claims hit record $300 million

Weather-related insurance claims have hit a new record this year of over $300 million, prompting a warning from industry body the Insurance Council of New Zealand.Total claims are already at $304.9m - beating the previous record... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Cannabis company Medical Kiwi admits to making false and misleading statements in share offer documents

Cannabis company Medical Kiwi must pay a $250,000 penalty and offer to refund and exit investors who came on board as part of its equity crowdfunding share offer after the regulator found it had made false and misleading statements... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Covid 19 Delta outbreak: Cafe owner reduced to tears after homophobic abuse from anti-vaxxer

Originally published by Māori Television Cathryn Baragwanath (Ngāti Hine) is the owner of Cafe 39 Gillies in Kawakawa and says she is representative of what's going on for hospitality workers across New Zealand - and it's... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Covid 19 Delta outbreak: Air New Zealand cancels about 120 flights after border reopening delayed

By RNZ Air New Zealand has cancelled about 120 flights after the Government announced there would be a delay to the phased reopening of international borders.Previously, the Government had hoped people arriving from Australia... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

AMP to delist from NZX

By RNZ Australian-based financial services group AMP is to delist from the New Zealand Stock Exchange (NZX).AMP said it wanted to simplify its administration as it prepared for selling its private markets business next year."The... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments

Supreme Court dismisses Pizza Hut franchisees' appeal in delivery drivers case

The Supreme Court has unanimously dismissed an appeal by two Pizza Hut franchisees after labour inspectors successfully argued delivery drivers are employees, not independent contractors.In 2018, a Labour Inspector of the Ministry... Source: NZ Herald Business News

By | December 21st, 2021|Business|0 Comments