Green-light for 3000 more migrant workers to ease labour shortage

The Government has unveiled plans for the largest increase in seasonal migrant workers in more than a decade, in an effort to ease the worker shortage in the horticultural sector.The new RSE cap will allow an additional 3000 workers... Source: NZ Herald Business News

By | September 27th, 2022|Business|0 Comments

Camping out at Costco? Fans plan to get to West Auckland early ahead of opening day

Fans of big-box store Costco plan to sleep in their cars with a few even camping outside the store for the grand opening.Keen shoppers have planned to drive and fly from outside Auckland to be there when the doors open at the American... Source: NZ Herald Business News

By | September 27th, 2022|Business|0 Comments

Synlait back in black, paints cautious earnings outlook

Dairy company Synlait Milk said there had been a "robust" return to profitability after a year of cost-cutting and building up its most profitable business segments.The company, whose biggest customer is infant formula company a2... Source: NZ Herald Business News

By | September 27th, 2022|Business|0 Comments

Global financial uncertainty 'challenging' for NZ economy – Grant Robertson

By RNZ Finance Minister Grant Robertson says New Zealand is "well-positioned" to weather a turbulent time as the dollar falls while inflation is pegged to stay up for longer.The NZ dollar has already fallen 19 per cent in the... Source: NZ Herald Business News

By | September 27th, 2022|Business|0 Comments

Elon Musk faces deposition with Twitter ahead of October trial

Tesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must go through with his $44 billion agreement to acquire the social... Source: NZ Herald Business News

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

How Mark Zuckerberg got lost in a bizarre virtual world

Every day, Mark Zuckerberg wakes up to a flood of bad news. "I look at my phone to get like a million messages," he says. "It's usually not good."The founder of Facebook, now known as Meta, has been forced to grapple with a stream... Source: NZ Herald Business News

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

Tesla recalls 1.1 million cars to address glitch

Tesla will recall more than 1 million cars in America to address problematic power windows.The electric car manufacturer says 1,096,762 cars, which is roughly a third of all Teslas built to date, pose a risk to consumers through... Source: NZ Herald Business News

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

Cooking the Books podcast: How to handle when your property investment turns out to be a leaky home

Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's property investing to become financially independent. Hosted by Frances Cook. Investing in property is something... Source: NZ Herald Business News

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

Bills mounting for embattled young employer hit with yet another order, this time legal costs

A small business owner ordered to pay $22,000 to one of several workers she's sacked has been hit with another large bill, this time for legal costs.Katherine Courtenay-Roe now faces compensation, penalty and costs orders climbing... Source: NZ Herald Business News

By | September 23rd, 2022|Business|0 Comments

Green light for Tourism Holdings and Apollo tie-up

Tourism Holdings and Apollo Tourism & Leisure have finally been given the go-ahead by the New Zealand Commerce Commission on their proposed merger. The regulator said in a statement it granted clearance for Tourism Holdings (THL)... Source: NZ Herald Business News

By | September 23rd, 2022|Business|0 Comments