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Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

business business news

All Episodes

2:45

Elise Kennedy: Jarden Director of Equity Research on...

Best of Business ·

2023/03/09

Kiwi software accounting firm Xero has announced plans to cut up to 800 jobs to improve profits. Xero stated that these mass layoffs were needed to enable Xero's next phase of growth. Jarden's Director of Equity Research Elise Kennedy says this decision may be more than simple recession-proofing, as Xero needed to find new ways to grow. "Xero actually stood out against its tech global peers with not having taken cuts to heads. So I don't think it's necessarily just got to do with the environment

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4:01

Liam Dann: NZ Herald business editor on retail...

Best of Business ·

2023/03/09

Higher interest rates haven't stopped Kiwi shoppers from spending up a storm. Retail spending has remained steady at $6.6 billion in February 2023, when compared with Stats NZ data from January. The Reserve Bank is looking for signs that demand is easing in the economy, but this data indicates this is yet to happen. NZ Herald business editor Liam Dann says the current spending rates are a mystery to economists and central bankers. Liam Dann says this may be sign that the previous solutions to

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7:52

Kerre Woodham: What do you define as a fair tax system?

Best of Business ·

2023/03/08

Let's talk tax. It is an election year, which means a number of key policies are coming under the spotlight. All the usual suspects - health, law and order, welfare and tax. A Newsroom article has proposed a fairer tax system that would, the author posits, bridge the gap between the haves and the have-nots. Inequality is the enemy of society. It's fine if we're all poor and fine if we're all rich. Where you run into problems is where you have a divide between those who don't have and those who

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9:46

Louise Delaney: University lecturer says our tax...

Best of Business ·

2023/03/08

The author of the Newsroom piece, 'How to make New Zealand's Tax System Fairer?' says our tax policies need to change. This is especially if we want to do something serious about intergenerational inequalities, poverty, and inadequacies in our health and other social services. Louise Delany is a senior lecturer in the Department of Public Health at Otago University and is also a member of Tax Justice Aotearoa New Zealand. Delany joined Kerre Woodham. LISTEN ABOVE See omnystudio.com/listener for

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3:02

Shelley Winkel: TEQ leader on Queensland trade...

Best of Business ·

2023/03/08

Are people about to jump across the ditch? Dozens of Queensland Tourism representatives are taking a trade roadshow to New Zealand. The aim of the trip is to keep Queensland top of mind with trade partners in order to convert demand for travel into actual bookings. Tourism and Events Queensland Consumer PR and Marketing leader Shelley Winkel joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:39

Charles Finny: Former trade negotiator says companies...

Best of Business ·

2023/03/08

A former trade negotiator says companies shouldn't rely completely on China. New briefings seen by our newsroom reveal the government is worried foreign powers may use economic issues to back us into a corner. It shows trade officials have been widen the country's portfolio, to strengthen resilience against economic coercion. Charles Finny told Mike Hosking the Chinese economy isn't growing as fast as it used to. China took more than 21-billion-dollars of our exports in 2022, one of our largest

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2:37

Simon Petersen: QV communications manager on report...

Best of Business ·

2023/03/08

House prices are down, but still not to pre-pandemic levels, according to QV's latest report. It shows prices have fallen 12.6 percent in the last year, but on average they are still 24.5 percent higher than February 2020. QV communications manager, Simon Petersen joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:38

Brad Olsen: Infometrics Principal Economist on the...

Best of Business ·

2023/03/08

The number of jobs being advertised online continues to grow for another month. New Seek data shows the amount of jobs being advertised nationwide is up by a further 1 percent, following a rise of 2.2 percent in January. The report shows that the average number of applications received per job has declined. Infometrics Principal Economist Brad Olsen says this doesn't mean the labour market has bounced back, but it's not declining as predicted. LISTEN ABOVESee omnystudio.com/listener for privacy

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3:33

Sam Trethewey: Milford Asset Management Portfolio...

Best of Business ·

2023/03/08

The predicted recession may be biting consumers in a matter of months. Economists have been forecasting a recession to strike the New Zealand economy in 2023, aided by rising interest rates and predictions from the Reserve Bank. Milford Asset Management Portfolio Manager Sam Trethewey predicts the worst of the recession will hit in the back half of this year. Sam Trethewey says many households will roll into higher interest rates and experts will be able to figure out what kind of recession is

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3:38

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/03/08

National's Nicola Willis is weighing in on the ongoing banking profit saga. The opposition's finance spokesperson is suggesting a select committee run a 'short, sharp' inquiry into the increased bank profits. Nicola Willis has proposed this select committee keep the scope of the inquiry focussed, hearing evidence from a narrow group of stakeholders. NZ Herald Wellington business editor Jenee Tibshraeny says Nicola Willis wants this investigation to be quicker and less resource-intensive than a

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2:10

Mike's Minute: We are shooting ourselves in the foot...

Best of Business ·

2023/03/07

There is a key line in the latest ANZ Business Outlook survey that may well mean some of our predictions around inflation sadly come true. The line is "in New Zealand, services inflation had also continued to build even as the global inflation pulse starts to fade; domestically generated inflation and our super tight labour market will keep the pressure on the Reserve Bank to remain tough on inflation." Services inflation, by the way, is rents, housekeeping and servicing your car - all the stuff you

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6:18

Grant Robertson: Finance Minister says a large number...

Best of Business ·

2023/03/07

The Government is confident it's on the right track to deliver, despite tough economic times ahead. Net debt is $3.5 billion less than expected, at $70.5 billion in the seven month period to January 31. Finance Minister Grant Robertson told Mike Hosking a large number of countries are expected to end up in recession. He believes if New Zealand does, it'll be shallow and the country will come out strong. Debt to GDP is slightly under 19 percent, less than other countries. LISTEN ABOVESee

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2:32

Terry Williams-Willcock: Tech expert says community...

Best of Business ·

2023/03/07

More technology hubs could help pave a way forward in addressing communication black-outs during large storms. Some New Zealanders were left in the lurch when critical communication links broke during Cyclone Gabrielle. Earlier, a technical glitch hit ANZ, holding up overnight payments and leaving customers without access to internet banking. Rush Digital chief customer officer Terry Williams-Willcock says having community hubs could make a difference, especially for those living in rural areas. He

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3:10

Brad Olsen: Economist says Govt has to make a clear...

Best of Business ·

2023/03/07

Government debt is lower than forecast, but financial pressures loom on the horizon. The Government's interim financial statement shows net debt is at $70.5 billion in the seven months to the end of January. It's $3.5 billion less than expected, mostly due to the Super Fund gaining value. Infometrics Chief Economist Brad Olsen told Kate Hawkesby it might be time to rein in the spending due to material shortages and inflation. He says the Government has to make a clear list of its financial

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3:15

Paul Bloxham: HSBC Chief Economist on Australia...

Best of Business ·

2023/03/07

The Australian Reserve Bank has increased the OCR by a further 25 basis points to 3.6 percent. This has been the 10th rate rise in a row, putting the OCR at its' highest point in 11 years in an attempt to curb inflation. HSBC Chief Economist Paul Bloxham is not surprised by this rate hike, saying economists predicted this was coming. Paul Bloxham says the RBA might consider pausing their rate hike cycle sometime soon after this recent burst of increases. LISTEN ABOVE See omnystudio.com/listener

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4:48

Paul Watson: Parrotdog Brewery managing director on...

Best of Business ·

2023/03/07

Wellington brewery Parrotdog is looking to expand into Auckland. The brewery is seeking up $4 million in capital raise to fund this brand expansion, and have already received $1.2 million towards this goal. Parrotdog Brewery managing director Paul Watson says he's happy with how the raise is progressing and looks forward to a strong finish. Paul Watson is confident that there's demand for craft beer in Australia and New Zealand, despite global interest declining over the last three years. LISTEN

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2:45

Jamie Farmer: Buy Kiwi director says they are New...

Best of Business ·

2023/03/06

A new online company is calling itself New Zealand's answer to Amazon Launching today, Buy Kiwi will allow New Zealanders to buy from businesses between 80 and 100-percent locally owned Managing Director Jamie Farmer told Mike Hosking it gives shoppers protection under the Consumer Guarantees Act, something not always provided with online international shopping. He says sourcing products locally will also help keep money in local communities. LISTEN ABOVE See omnystudio.com/listener for privacy

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3:17

Sharon Cullwick: Property expert on survey finding...

Best of Business ·

2023/03/02

A survey commissioned by the Government reveals that 26 percent of landlords upped the rent in the past six months. But it wasn't because they're greedy, according to the results. 57 percent said they did it because of the law stopping them from putting it up more than once a year, so they felt they had to. Former president of the NZ Property Investors' Federation and property commentator Sharon Cullwick joined Mike Hoksing. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:08

Anne Casey: Marketing expert says tourists are now...

Best of Business ·

2023/03/02

The first Chinese tour group in three years, is about to touch down in Auckland. It will be the first to arrive since New Zealand was added to China's Approved Destination list. Marketing Minds Chief Executive Anne Casey told Mike Hosking tourists are now reprioritising after Covid. She says travellers from China want to have their freedom, and feel safe. Australia and the US are not on the approved destination list. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:54

Nicola Willis: National Finance Spokesperson says...

Best of Business ·

2023/03/02

National is pledging to reverse the Government's proposed "app tax", saying it's a major deviation from current tax rules. The Government says the rule change, which will require GST to be charged on rooms, rides and other services sold through online platforms like Uber and AirBnB, will create a level playing field. But National says under existing rules, sellers who bring in less than $60,000 are exempt from GST. Finance Spokesperson Nicola Willis told Mike Hosking the new "app tax" doesn't

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3,595 results

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