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Business headlines with summaries.
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EU probes shopping app Temu over illegal products
1 Nov 2024Chinese online retailer Temu will be investigated over concerns the site is doing too little to stop the sale of illegal products, in an investigation that could lead to large fines.
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Home insurance costs twice as much in Wellington as in Auckland
1 Nov 2024One owner says premiums on his Wellington properties have doubled since 2015.
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Watchdog sues GIB maker over anti-competitive behaviour
1 Nov 2024The Commerce Commission says Winstone Wallboards use of rebates in supply agreements with building supplies merchants breached the Commerce Act.
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Shoppers turn away from high-end fashion as retailers close doors
1 Nov 2024More NZers are snapping up pre-loved clothing as the cost of living bites. Audio
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Cruise tourism brought $1.37b into NZ last year - report
About 1011 cruise ships visited in a year, with Auckland receiving the biggest piece of the pie.
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Getting ready for the last Christmas at Smith & Caughey's
1 Nov 2024For 18 years, the department store has been putting on "mammoth" Christmas displays - but the writing is on the wall.
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Home values fall again, but pace of decline slowing
"The end could be in sight" for the recent downturn, CoreLogic economist says.
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NZ strikes trade deal with six Gulf nations
1 Nov 2024Fifty-one percent of New Zealand's exports to the Middle East region will now be tariff free on signing. Audio
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Unhappy meal? Submissions overwhelmingly reject Wānaka McDonald's
1 Nov 2024The majority of submissions made about a McDonald's restaurant opening in Wānaka are not lovin' it.
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NZ workers stressed, burnt out - survey
31 Oct 2024Younger people appear to be feeling more financial stress than their older colleagues, Employment Hero co-founder Ben Thompson says.
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Credit demand down but arrears up
1 Nov 2024With the economy still weak people are cautious about spending, credit bureau chief executive says.
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Business confidence at fresh 10-year high
31 Oct 2024It comes as falling interest rates drive renewed hope into firms.
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Lower risk of another house price boom
31 Oct 2024RBNZ has released a housing update ahead of next week's financial stability report.
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SkyCity Entertainment battling economic odds
31 Oct 2024The casino company says it's still battling the odds with revenue dampened by the slow economy, with another hit in prospect, as dividends remain off the table for now.
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How much have prices risen in five years?
31 Oct 2024Inflation may be back within the Reserve Bank's target range, but the past few years have left prices much higher than they were before the pandemic.
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How $5 could turn into $5000 for your kids
31 Oct 2024If you want to get your kids off to a good start financially, small contributions to KiwiSaver could make a big difference, the country's largest provider says.
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Last day to earn Flybuys points
31 Oct 2024Thursday marks the end of an era for one of the country's longest-running loyalty schemes, because it will be the last day that customers can collect points on Flybuys. Audio
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Back to basics for Spark after profit forecast cut
31 Oct 2024The company plans to reduce overheads by $30 million and its wages bill by $50m, and is considering the sale of non-core assets.
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Small businesses continue to cut staff, keep wages low - report
31 Oct 2024With sales continuing to decline, small businesses are being forced to keep wages down and cut staff to make ends meet.
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New work benefits card boosts retention, company says
30 Oct 2024Auckland company Extraordinary has developed a form of debit card that lets workers choose the benefits they need most, without having to claim reimbursements. Audio
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Pay later alcohol sales spark concerns
30 Oct 2024The poor state of the economy has Buy Now Pay Later providers targeting alcohol merchants and products, according to a credit risk adviser.
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How would a capital gains tax work?
30 Oct 2024The debate over whether NZ should have a capital gains tax doesn't seem to go away. Here are six common questions - and answers - about how a CGT might work.
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What to know about firework sales, bans and pets this Guy Fawkes
31 Oct 2024Explainer - When do fireworks go on sale? Where are they banned? And how do I protect my stressed-out pets? Here's what you need to know.
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Mouldy, damp, pricey - Auckland tenants speak out
31 Oct 2024The government has said interest deductibility for landlords would mean lower rents, but tenants say they've had little relief.
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