First look inside $100m-plus Costco NZ store tomorrow

Costco, the world's second-largest retailer after Walmart, will tomorrow show off its first New Zealand store and fuel station .The company said from Australia today that it is inviting media into its new 1.4ha store at Westgate... Source: NZ Herald Business News

By | April 26th, 2022|Business|0 Comments

The Spinoff: What it's like fighting New Zealand's supermarket duopoly

Originally published by The Spinoff At online grocery Supie, founder Sarah Balle spends her day packing orders, making deliveries, courting investors and, she says, fighting for a fairer deal for shoppers and suppliers. "Do... Source: NZ Herald Business News

By | April 25th, 2022|Business|0 Comments

Inflation hits residential rents: New figures show how tenants are affected

Rising inflation has begun to affect residential rents, according to Trade Me, with the national median weekly rent up 7 per cent annually to $575/week in March.TradeMe cited record-high annual inflation growth in the first quarter... Source: NZ Herald Business News

By | April 25th, 2022|Business|0 Comments

Elon Musk has an agreement to acquire Twitter for $66b

Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately US$44 billion ($66.4b), the company said. Read More Chris Keall: Five ways Elon Musk will change Twitter - and the fish hooks The outspoken... Source: NZ Herald Business News

By | April 25th, 2022|Business|0 Comments

The Front Page podcast: Will the inflation monster devour Labour's re-election hopes?

In his quarterly forecast released last week, Westpac economist Satish Ranchhod said the quarterly inflation figure was set to be "another monster".While the eventual number came in below the expected 7 per cent figure, Ranchhod's... Source: NZ Herald Business News

By | April 25th, 2022|Business|0 Comments

Twitter close to deal to sell itself to Elon Musk: report

Twitter's board and Tesla CEO Elon Musk negotiated into the early hours of Monday US time over his bid to buy the social media platform, The New York Times reported.Musk said last week that he had lined up US$46.5 billion ($70b)... Source: NZ Herald Business News

By | April 25th, 2022|Business|0 Comments

How 21yo Sydney man owns two properties and makes $87k a month

A 21-year-old Sydneysider has managed to buy two investment properties thanks to his lucrative business which rakes in A$80,000 ($87,000) a month.Jordan Caruccio's real estate portfolio is only possible because he stumbled upon... Source: NZ Herald Business News

By | April 24th, 2022|Business|0 Comments

Genesis looks to underwater drones for hydro tunnels checks

NZX-listed Genesis Energy may soon start deploying underwater drones to check the 70km of tunnels that form a crucial part of its power generation network.Genesis has tunnels around its power stations at Tongariro, Waikaremoana... Source: NZ Herald Business News

By | April 24th, 2022|Business|0 Comments

Christopher Luxon says he doesn't need the $18,000 tax cut he'd get with National's plans

Opposition leader Christopher Luxon says he doesn't need the $18,000 he'll get if he becomes prime minister and implements National's proposed tax cuts.Luxon was interviewed on the TVNZ Q+A show this morning.He spoke about Government... Source: NZ Herald Business News

By | April 24th, 2022|Business|0 Comments

The Conversation: Without stricter conditions, NZ should be in no hurry to reopen its border to cruise ships

With the arrival in Sydney of the cruise liner Pacific Explorer on Monday – a giant "WE'RE HOME" sign emblazoned on her bow – the pressure is on New Zealand to match Australia and reopen our maritime border to cruise ships.Chief... Source: NZ Herald Business News

By | April 24th, 2022|Business|0 Comments