Latest from Banking and finance

The fraught politics of the office whipround

Financial Times: Technology upending the age-old act of chipping in for a farewell gift.

ANZ's cash profit up 10pc to $2.2b, but net profit falls 7pc

ANZ expects inflation, interest rates to stay high.

German homebuilding collapse threatens wider economic damage

Financial Times: Once-thriving residential construction industry has slumped.

Townhouse construction funding most popular, land development not so much

Appetite grows for lending to terraces and townhouses.

Banks say $198m lost to scams; Netsafe calls for anti-scam centre

Netsafe survey finds $2.1 billion in total losses; banks ready key new security measure.

Dilworth allocates $44m for sexual abuse victim redress

Dilworth is budgeting to provide redress for up to 250 victims of historic sexual abuse.

Liam Dann: Is the ComCom a 22-year-old failure?

OPINION: New Zealand lacks adequate competition in key industries.

Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank

Financial Times: New York arm of ICBC was forced to use a USB stick to transmit data.

How CEOs should tackle the rise of generative AI

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

Oil price gives up gains since start of Israel-Hamas war

Financial Times: Traders bet conflict is unlikely to spread to oil-rich states.

Opinion: A Trump win would change the world

FT: Were he to return, the implication for the global economy would be profound.

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.

‘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.

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.