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Business headlines with summaries.
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Retailers, manufacturers and other businesses struggling amid economic downturn
2 May 2024High interest rates and persistant domestic inflation are the biggest drags on business outlook.
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Workplace tensions simmer over local and migrant pay rates
1 May 2024Workers are finding out their overseas colleagues are being paid more, with companies and lawyers saying it is brewing discontent in the workplace.
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Households face more uncertainty, struggle with mortgage repayments
The Reserve Bank is warning there's a risk global interest rates could stay higher for longer.
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Viagogo loses 6-year battle against Commerce Commission
1 May 2024The watchdog says the global ticket reseller is its most complained about trader, with many left out of pocket after unknowingly buying fake tickets.
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Watch: Auckland domestic, international airports to move into one building
2 May 2024It will bring domestic and international transfers, check-ins and bag drops under one roof.
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Wynyard bridge closure: 'These are peoples' livelihoods at risk'
2 May 2024Businesses in the area of downtown Auckland are reporting a drop in turnover so large they don't have the funds to pay staff. Audio
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Government to tweak Building Act to make building a home easier
Building and Construction Minister Chris Penk says it takes nearly 600 days to build a house in NZ - and that is simply too long.
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Binance crypto boss sentenced to 4 months in prison
Changpeng Zhao resigned from Binance in November and pleaded guilty to violating US money laundering laws.
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Rules around laptops, liquids eased at Auckland Airport
1 May 2024Taking laptops and liquids out of carry-on bags is now a thing of the past for travellers heading overseas.
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Unemployment rate rises to 4.3%
1 May 2024Fewer jobs are created and immigration is increasing the size of the workforce, Stats NZ says.
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Thousands stranded as Australian airline weighs its future
Australia's newest budget airline suspended all its flights on Tuesday, to discuss "the ongoing viability" of its business model.
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Under pressure: 70% of Kiwis worried about money
More than two-thirds of households are suffering from financial stress amid job insecurity, increasing debts, high inflation and interest rates.
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Free trade deal with the European Union comes into force
1 May 2024The European Union ambassador says the FTA will have immediate wins for kiwifruit, apple, and onion growers. Audio
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Housing market sees nationwide downturn in demand
1 May 2024There are 33,000 homes on the market, sitting for longer as the cost of living, high interest rates and recessionary pressures bite. Audio
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Soft house prices show it's still a buyer's market - CoreLogic
1 May 2024The national house value dropped slightly in April, with an increase in listings favouring buyers, according to the latest CoreLogic figures.
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Number of debt arrears in NZ creeps back up
1 May 2024The number of people behind on their debt repayments crept back up in March, as borrowers continue to feel the pressure of high interest rates and living costs.
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Revealed: Cheaper to pay at pump or in store?
Unstaffed petrol stations are on average 6 cents per litre cheaper than those with staff. Audio
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Seven hours on the phone: Air NZ apologises to customer left in limbo
30 Apr 2024Air New Zealand has apologised to a customer who was left without a flight plan after the Chicago to Auckland service was cancelled. Audio
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Unstaffed petrol stations driving down prices
30 Apr 2024But the competition watchdog said self-serve stations run by supermarkets did not have the same effect.
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Households struggling with increased insurance costs
30 Apr 2024Households may find home insurance "increasingly unaffordable" due to higher premiums, while rising risks could lead to insurers refusing to cover some properties altogether.
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Call centre staff encouraged to pull plug on extensive working from home
30 Apr 2024One bonus of being office based is more support for workers facing an increase in abusive calls, a manager says.
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What moved the housing market this week
19 Apr 2024Analysis - Increasing stock levels are giving buyers more choice, with first-home buyers and owner occupiers the most active groups. Audio
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Gluten-free batter mix recalled over packaging mishap
A gluten-free batter mix has been recalled due to a mix-up with another batter mix which contains gluten.
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Why staff are 'rage-applying' for new jobs
30 Apr 2024Two out of three professional job applicants admit to applying for numerous roles out of frustration.
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