10 Apr 2019

Today's business news: What you need to know

4:04 pm on 10 April 2019

Latest - The Commerce Commission has filed four charges against a home-buyers financial advisory firm, and its director, over misrepresenting its services.

The Commission said Home Funding Group sells customers a savings scheme that they claim helps them into home ownership, however, it actually offers financial coaching - meaning customers wouldn't get any of their savings back.

It's also charged the company and its director for failing to provide it with information.

The Commission is seeking court orders for the company to refund fees to customers.

More New Zealanders switching to fibre

Internet users are increasingly ditching fixed line copper connections and selecting fibre.

Chorus's latest figures show ultra-fast broadband uptake rose to 53 percent of capacity in the first three months of the year, from 51 percent in December.

Demand is strongest in Queenstown and Auckland.

At the same time there was a loss of 14 thousand fixed line users.

Air NZ looks into 3D printing and digital currencies

Air New Zealand is teaming up with components and systems provider Moog, Microsoft and ST Engineering in an experiment to transform aerospace supply chains.

They are looking to use 3D printing and block chain technology, which is the basis of digital currencies, to make and certify aircraft parts.

Get the RNZ app

for ad-free news and current affairs