‘Soggy’ spending data points to consumers’ unwillingness to spend
High interest rate setting working to crimp consumer spending. Source: NZ Herald Business News
Whanganui District Council appoints independent members to CCO committee
The move follows the axing of Whanganui District Council Holdings in March. Source: NZ Herald Business News
Melinda French Gates resigns as co-chair of Gates Foundation
Financial Times: Decision to leave comes three years after divorce from Bill Gates. Source: NZ Herald Business News
Whakamārama beekeepers say pollination is the backbone of their business
“We do a lot of kiwifruit and avocado pollination. That’s what keeps us going.” Source: NZ Herald Business News
Media Insider: The Block NZ canned – four new homes under construction to be sold
Hundreds of production workers will miss out on roles as an 11th season is cancelled. Source: NZ Herald Business News
Property Insider: Kāinga Ora builder owes $5.5m to 137 subbies, new companies appointed to finish 95 state units; house prices 12.9% below market peak; when will that long-awaited new SkyCity hotel open?
The scale of financial trouble the builder contracted by Kāinga Ora is in is revealed. Source: NZ Herald Business News
Does New Zealand need a right to disconnect law? – The Front Page
The 'right to disconnect' movement has grown in recent years. Source: NZ Herald Business News
Fletcher Building shares fall to 21-year low on earnings downgrade – Market close
The New Zealand sharemarket tumbled to its lowest level in 15 weeks. Source: NZ Herald Business News
Elon Musk’s diplomacy: Woo right-wing world leaders. Then benefit
New York Times: Musk is using certain heads of state to push his own agenda. Source: NZ Herald Business News
Inflation expectations fall as economic growth also tipped to stay in the doldrums
RBNZ survey respondents see the economy growing by less than 1 per cent over the year. Source: NZ Herald Business News