Latest from Banking and finance

Zombie car factories on the rise in China as buyers opt for EVs

Financial Times: ICE plants increasingly mothballed as foreign groups lose market share.

Opinion: ‘Superfluous people’ v AI: What the jobs revolution might look like

Financial Times: Employers are already jumping on the promise of AI to cut labour costs.

Doing it tough: What households are dropping to cut costs

KiwiSaver holidays and insurance downgrades are some of the big cuts Kiwis are making.

Housing market spluttering back to life after sleepy January

Housing market shows some promise but has much work to do after sluggish summer.

$6m missing: Liquidators reveal suspicious transactions at failed Auckland crypto firm

The Serious Fraud Office is investigating.

US held secret talks with Iran over Red Sea attacks

Financial Times: Indirect negotiations in Oman aimed to end Houthi strikes.

Former Napier mortgage broker sentenced for falsifying loan applications

Natalie Ann Carter applied for seven loans totaling nearly $3 million.

Bank profits may have plateaued as operating expenses rise

While banks had a good year in 2023, the sector's growth may have plateaued.

Diana Clement: Are you guilty of ‘harmless’ fraud?

OPINION: 'Harmless' fraud is a crime we all pay for.

Red Bull suspends female staffer over Christian Horner claims

Financial Times: Decision after company cleared the Formula One team boss of wrongdoing.

Lex: Reddit wants its users’ money - but not their input

Financial Times: Voting control concentrated among those who already hold Reddit stock.

Billionaire Graeme Hart's US companies make $15b revenue

How did two American businesses owned by NZ's wealthiest man perform in 2023?

ELE group collapse: Deloitte to sell security company

The sale 'allows for the ongoing employment for staff'.

The mysterious rise of the Chinese e-commerce giant behind Temu

Financial Times: Its finances are a black box and its operations shrouded in secrecy,

Editorial: Brace for some serious economic pain ahead

OPINION: Credit and mortgage distress is rising fast as interest rates bite.

‘Done and dusted’: More Kiwis believe housing market downturn is over

Confidence in housing market is on the rise, with expectations interest rates have peaked