Best of Business

The business sector will want to know how the Government will support them - as the Prime Minister prepares for his State of the Nation speech.  Chris Luxon will give the address at the International Convention Centre in Auckland this afternoon - the first event to be held at the new centre.  Newstalk ZB understands he will try to draw attention away from turbulent affairs overseas - and...

On January 15, 2001, Wikipedia officially launched online, giving users a new platform to learn from. While the site's credibility and reliability were questioned in the early days, it is now well-regarded as a globally trusted source of facts. Wikipedia founder and internet entrepreneur, Jimmy Wales, has revealed the platform taught him a lot about trust and information in the digital age - and h...

As workers across the country return to their jobs for a new year, there's growing calls to give people the right to ignore their bosses after hours. A new policy document by the Council of Trade Unions is advocating for an amendment to the Employment Relations Act, off the back of Australia implementing 'right to disconnect' laws in 2024. Council of Trade Unions president Sandra Grey says many Ki...

First of all, can I start by offering an apology to TVNZ? I gave them a bit of grief last night for starting the news bulletin with the peaches, but it turns out I was wrong and they were right. This has sparked a flurry of debate over whether we prefer our Wattie's peaches from Hawke's Bay or whether we don't really care if it comes from China or not.  It's also prompted a statement fro...

Retail New Zealand's Chief Executive says the closure of Australian retailer EB Games would have a wide-reaching impact.   The Australian video-game retailer's proposing shutting its 38 New Zealand stores and its Distribution Centre.  Staff reportedly have until Monday to feed back on the plan.  Retail NZ's Carolyn Young told Andrew Dickens the retail climate's been really challengi...

The Far North District is a hot-spot for Kiwis looking to get away over the holidays.  However, due to the impacts of cyclones, storms and COVID - the area's businesses are still struggling.  Far North District Mayor Moko Tepania told Andrew Dickens that tourism this summer is key to boosting Northland's struggling businesses. 'We need you all to come up here and spend your money because...

Often trust have been seen to be province of the uber wealthy. But are they? And often people don't think about this issue until it is too late So when should we think about these issues - our family. inheritances and what's gonna happen to our money when we aren't around to look after it? Managing Director for New Zealand Family Trust Services Limited Janet Xuccoa joins Tim Beveridge to give her...

In November China's economy showed clear signs of strain as investment, consumption, and industrial output all weakened more than anticipated.  "I think the most worrying thing is fixed asset investment actually, which has now declined for the 3rd month in a row," Asia business correspondent Peter Lewis told Andrew Dickens "We've never seen that before." LISTEN ABOVE See omnystudio.com/listen...

2025 has been a memorable year for global equity markets, and it's prompted speculation from investors.  Between economic downturns and tariffs, there's been plenty for experts to voice concerns about. Fisher Funds expert Sam Dickie explained further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Dairy farmer and agribusiness leader Nathan Guy is New Zealand’s new special agricultural trade envoy. Todd McClay, Minister for Trade and Investment and Minister of Agriculture, announced Guy’s appointment today. The Country's Jamie Mackay explains further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

New Zealand's back on the road to financial recovery, according to new reports. The latest Stats NZ data shows the economy contracted 0.5 percent in the year to September. But it's grown 1.1 percent - faster than expected - in the last quarter. Infometrics Principal Economist Brad Olsen says we're effectively returning to where we once were. "Momentum is starting to build, but it's building from a...

New Zealand's economy grew more than expected between July and September.  But between April and June, it shrank more than previously thought.  GDP rose 1.1% in the September quarter, surpassing all expectation but Stats NZ has revised the numbers for the June quarter, finding GDP actually fell 1%, not the previously-reported 0.9%.  That means the economy shrank 0.5% in the year to...

I know you shouldn't count your chickens before they hatch, but can we just take a minute to look at the good economic news coming out? Government books aside, tomorrow's GDP read will show we bounced back with a spring in Q3 - close to 1 percent growth, they reckon. What's more, that shocking read for Q2 should be revised down because it wasn't actually as bad as the topline number we were given...

There's hopes a new move by the Reserve Bank will bring about positive changes for New Zealand's banking sector. It is changing the mix of capital banks are required to hold, aiming to reduce funding costs.  It is also targeting closing the gap between bigger and smaller banks - making the market more competitive. The Co-Operative Bank chief executive Mark Wilkshire says this will encourage c...

Online marketplace Trade Me has been hit with a $138 million write-down of the value of its marketplace business unit. This comes as revenue continues to drop for the online retailer. Massey University marketing professor Bodo Lang says Trade Me still leads its current market, but its status is under threat. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Finance Minister's still aiming for a surplus this decade, despite today's bleak economic news. Treasury's Half Year Economic and Fiscal Update shows more delay to getting the books back to black.  The deficit's expected to deepen more to a high of $16.9 billion and not narrow to $60 million dollars until 2029-30. Nicola Willis says a 2029 surplus is very achievable. "What that will take...

New data shows the service sector has now dipped in activity for six months in a row.  The most recent PSI recorded performance at its lowest since May, at 46.9.   For growth, it needs to sit at 50 or above.  ABC Business Sales CEO Chris Small told Heather du Plessis-Allan the results were a surprise.  He says the data had suggested the low point would be during Winter.  T...

The Government's Half Year Economic and Fiscal Update is due to be unveiled to the nation tomorrow, and the Finance Ministers outlined her expectations.  Experts have speculated a projected surplus will be pushed back from 2029 by another year, and Prime Minister Chris Luxon tempered expectations earlier today. Finance Minister Nicola Willis says 'fiscal discipline' will see New Zealand's eco...

The Prime Minister's tempering expectations ahead of the Government's books opening this week. The Half Year Economic and Fiscal Update will be unveiled tomorrow - with some economists expecting a projected surplus to be pushed out by another year.  Newstalk ZB senior political correspondent Barry Soper says this will be the third time a return to surplus has been pushed out. LISTEN ABOVE See...

New Zealander Harry Mellsop has raised US$4.3 million for his start-up, Antioch, which he says brings artificial intelligence into the physical world. He explained that Antioch’s tech will allow companies to build new or better AI robots by letting them test new features in software simulations. Mellsop says this technology will help develop the autonomous driving space, drone technology, the manu...

New Zealand's economy is set to expand next year, as several key indicators point to economic recovery. Kiwibank's latest bi-annual report forecasts a 2.4 percent growth for 2026, with boosted household confidence, an improved property sector, and a stabilising labour market. The review cites low interest rates as the leading drivers of growth. Economist Sabrina Delgado says there's a broad base f...

There are signs that green shoots are starting to flourish economically.  The latest card spending data from Stats NZ shows retail spending was up 1.6-percent last month, compared to November last year.  Spending was up across the board - on the likes of groceries, household items and clothes. ASB Chief Economist Nick Tuffley told Ryan Bridge that the GDP for the second half of the year...

The global dairy market is expected to face a period of weaker commodity prices off the back of a growth-filled 2025. According to Rabobank's Q4 Global Dairy Quarterly Report, global milk production growth is estimated to have peaked in Q3 2025. The Country's Jamie Mackay explained further.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Singapore Government has teamed up with New Zealand-founded start-up The Fractional Directory for a new pilot programme. The project will pair fractional leaders - experienced professionals who work with multiple organisations on a flexible basis - with Singaporean companies. Company CEO Michelle Allbon says this may seem similar to consultant roles, but there's some key differences. "The diff...

Recent trading updates indicate the nation's leading retailers are feeling the pinch ahead of the busy season. The Warehouse and Kathmandu are among the big names that have been seeing significant losses over the past few months. Milford Asset Management's Michael Luke says there's hope things will pick up in the next few weeks, given the demand brought about by Christmas and Boxing Day. LISTEN AB...