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Business headlines with summaries.
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Amid worries on Wall St, legendary investor bets against AI
5 Nov 2025Michael Burry, who rose to fame in theThe Big Short after predicting the housing market would collapse, has placed a new bet.
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Another price drop threatens farmers' milk payout hopes
The price fall at the Global Dairy Trade auction was the sixth time in a row, down 2.4 percent to its lowest level since September 2024.
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Unemployment rises again to nine-year high
5 Nov 2025160,000 people are now without jobs, the highest number since 1994.
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Reserve Bank warns risks remain high due to global uncertainty
5 Nov 2025Governor Christian Hawkesby also said underperformance in parts of the New Zealand economy had created challenging conditions for households and businesses.
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US Fed pumps cash into Wall Street as banking system shows signs of stress
Early warning signs are emerging of the rising danger of another global credit crunch.
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Emergency housing grants fall by $20m in a year
The drop has led to concerns the decline is pushing more people into homelessness.
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Dairy prices continue downward slide
The latest fall overnight follows the 1.4 percent drop in the previous auction.
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'Finally have the keys': International Convention Centre handed over to SkyCity
4 Nov 2025After a massive fire in 2019 significantly delayed its build, the Auckland convention centre is due to open in February.
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Job ads are up - so where are they coming back first?
4 Nov 2025There may finally be some good news for jobhunters - but which sectors are going to pick up fastest? Audio
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Managing asbestos needs legally enforceable guidelines
4 Nov 2025Worksafe is consulting on replacing the industry's existing approved code of practice with guidelines.
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'Worst is behind us', but unemployment expected to rise to near nine-year high
4 Nov 2025Economists said the data would reflect some steadying of the labour market after the recession, which usually lags other sectors. Audio
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Debt issues down as credit demand rises
Consumers and businesses look to be getting their debt levels under control, while an increase in credit demand points to an emerging economic recovery.
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Businesses at risk of financial loss due to lack of succession planning
4 Nov 2025It could cost Kiwi businesses up to $3.5 trillion in wealth over the next two decades, a new report says.
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Housing building market shows signs of recovery
3 Nov 2025Stats NZ data showed 34,882 residential consents issued in the year ended September, up 3.6 percent from the previous year.
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Consumer NZ warns over risky Temu, Shein toys
3 Nov 2025Testing found more than 60 percent of the products investigated from both online stores had failures. Audio
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'Every-day operation': What it takes to get trees ready for Christmas
3 Nov 2025Trimming, fertilising, recruiting and ready - Christmas tree farms reckon real trees are more popular than ever.
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Major banks prepared for future severe economic downturns
3 Nov 2025The country's five biggest banks were tested on how they would deal with a global downturn triggered by a geopolitical shock.
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How to become a KiwiSaver millionaire
3 Nov 2025Most young people joining KiwiSaver are likely to amass balances of more than $1 million within their working lives.
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PSA takes leagal action against ACC's work from home changes
3 Nov 2025ACC has told staff they must be in the office three days a week, rather than two. Audio
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Simplicity turns to infrastructure investment, vows to buy NZ assets
3 Nov 2025The KiwiSaver provider's new company, InfraKiwi, is to be initially funded from Simplicity's schemes, but it has long-term plans to list on the NZX.
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Have you been 'speedwashed' on your broadband plan?
2 Nov 2025Research shows many people are paying for more broadband than they really need.
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Farmlands profit shows increased confidence in rural sector
3 Nov 2025Increased farmer confidence and spending has seen the country's largest rural supply store, Farmlands, back in black.
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Pfizer sues Metsera, Novo Nordisk over rival obesity drug bid
2 Nov 2025Pfizer has filed a lawsuit against Metsera and Novo Nordisk, saying Metsera breached its merger agreement obligations.
