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Market Update for 24 May 2023
Business update for [Date Month Year] Audio
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New Zealand to resettle refugees living in Australia
24 May 2023The first 30 refugees relocated directly from Australia will arrive in New Zealand next month.
It is believed to be the first time New Zealand has accepted refugees already on Australian soil.
… Read more Audio
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Greyhound racing "no longer viable"
The Racing Minister Kieran McAnulty has released a report into greyhound racing, saying the status quo is "no longer viable" and the industry must either shut down or face strict conditions.
… Read more Audio
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School fire sprinklers not necessary
24 May 2023A Wairarapa school has won government backing to not put sprinklers in a dormitory where 80 teenage boys sleep.
Rathkeale College argued the local council's requirement to fit sprinklers would cost… Read more Audio
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How long before Fonterra gets rid of coal?
24 May 2023NZ Steel is going to halve its coal use by 2027 after the government partnering with it to install a Clean Electric Furnace at the Glenbrook Steel Mill in South Auckland.
The country's largest… Read more Audio
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Temporary housing payouts running out
24 May 2023Dozens of people whose homes were wrecked by Cyclone Gabrielle and the Auckland floods say their insurance payout to cover temporary housing is running out.
Many can no longer live in their homes… Read more Audio
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Kiwi not handled with care at Zoo Miami
24 May 2023'Kiwi encounters' at Zoo Miami have been cancelled, after disturbing footage emerged of visitors handling the bird under bright lights.
In the video, Paora the kiwi bird was likened to a puppy and… Read more Audio
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Luxon admits party's tax plans blowout by $1.5 billion
The Council of Trade Unions claims the National Party's plans to change tax thresholds is facing a $1.5 billion blow-out as a result of new forecasts from the 2023 Budget.
National had priced the… Read more Audio
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Auckland deputy mayor on 500 axed jobs
24 May 2023Auckland Council has axed 500 jobs across several organisations in a cost saving exercise as it faces a $325 million shortfall in its budget.
200 more jobs could go once the Budget is finalised next… Read more Audio
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Property market pinch continues
The property market pinch continues as numbers from the first quarter of this year show more houses are being sold at a loss.
6.1% of property resales have made a loss, up from 4% percent in the… Read more Audio
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Wairarapa school won't be installing fire sprinklers
24 May 2023A Wairarapa school has won its fight to not put sprinklers in a dormitory where 80 teenage boys sleep, with the help of a government ministry.
Rathkeale College argued the local council's requirement… Read more Audio
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McAnulty approves 25 year betting partnership with UK
The Minister for Racing Kieran McAnulty has approved a 25-year partnership between the T-A-B and UK betting company Entain.
The deal is set to deliver at least $900 million in guaranteed funding for… Read more Audio
