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BNZ profits from rising mortgage rates

BNZ's annual profit rose to $1.5 billion, despite the deteriorating economy.

MediaWorks owners said to have appointed Goldman Sachs to undertake strategic review

The company is in a difficult financial position.

Job adverts decline sharply, Seek report shows

The job market downturn "solidified" in October, BNZ says.

Allbirds dives to new low as its quarterly loss widens to US$32m

The firm, co-founded by ex-All White Tim Brown, says its Christmas will be even tougher.

Mainfreight has post-pandemic freight frenzy hangover

The company's sinking lid means it has 500 fewer employees since March.

How CEOs should tackle the rise of generative AI

Three finalists line up for the Deloitte Top 200 CEO of the year award.

Australia's Optus blackout explained: What is a ‘deep network’ outage?

Optus suffered one of the largest telecommunications outages in Australian history.

Failed Newmarket restaurant Inca owes creditors $1.1m: Who wants money?

The restaurant had 'exhausted all other financial options available'.

WeWork files for bankruptcy amid office market downturn

Financial Times: A humbling fall for the once high-flying co-working start-up.

Can corporate America cope with its vast debt pile?

Financial Times: Worries over $22 trillion debt, but companies find new ways to survive.

Air NZ looks to future: Supersonic planes, robots and VR travel on the radar

The airline is thinking big as it faces more disruption due to engine issues.

‘Hard yards’: ANZ forecasts tough economy ahead - no quick fix with new Govt

ANZ says unemployment will rise into 2025, with per capita growth 'very weak' in 2024.

Can 5000 new homes rise at Beachlands with no reticulated water, sewage?

Bore water for homes and a new sewage treatment system are proposed by developers.

Retirement giant fined $37k after widow complained of husband's dementia care

Failure to make a sensory room available was the heart of the case, heard twice.

Never lived in: Mass mortgagee sale in Takapuna

Exceptionally rare for a developer to speculatively build multi-unit residential projects.

‘Not sure we’ve got a safety net’: Israeli businesses buckle as war hits economy

Financial Times: Some companies shut as consumers and workers either drafted or shielding.