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Business headlines with summaries.
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Queen Street's 'golden mile' tarnished by retail vacancies
18 Nov 2023Business spaces in Auckland's prime shopping street are sitting vacant, with empty shop after empty shop in some arcades.
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SpaceX Starship launch failed minutes after reaching space
19 Nov 2023SpaceX's uncrewed spacecraft Starship, developed to carry astronauts to the moon and beyond, failed in space shortly after lifting off.
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Red alert over Black Friday 'sales'
17 Nov 2023Consumer watchdogs are urging customers to spend cautiously this Black Friday - and to spend local where possible. Audio
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New government will clear path for tech companies - Collins
18 Nov 2023National's Judith Collins is promising to remove hurdles holding back innovation and growth for tech companies.
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West Coast trust invests $3m in minerals company
18 Nov 2023Development West Coast (DWC) is investing $3 million in Westland Mineral Sands.
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Offshore growth drives revenue for Kiwi tech firms
17 Nov 2023New Zealand's top 200 earning tech firms saw revenue rise 12 percent in the 2023 financial year.
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Progress on open banking but consumer data still at risk - Payments NZ
17 Nov 2023Open banking in New Zealand will struggle to achieve scale without legislation to protect consumers' data rights, Payments NZ says.
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Failed online retailer Supie owed $2.1m to more than 4000 creditors - report
16 Nov 2023The first liquidator's report on failed online food retailer Supie has shown the company and its related companies Workerly and Bevie owed $2.1 million to over 4000 creditors.
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AI boss Sam Altman ousted after board loses confidence
18 Nov 2023Sam Altman, the head of artificial intelligence firm OpenAI, has been ousted by the company's board, which said it had lost confidence in his ability to lead the company.
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Juken mill closure: Dozens lose jobs as demand for pine products falls
17 Nov 2023The forestry company has decided to close its Gisborne mill - with 60 workers set to lose their jobs before Christmas.
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Stats NZ proposes to cut 39 jobs by Christmas, union says
16 Nov 2023The Public Service Association claims the "vital data collection and analysis" relied on by government and businesses is at risk as job cuts loom at Stats NZ.
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Alliance reports $70 million loss
16 Nov 2023Meat company Alliance has reported a loss after tax of $70 million for the year ended September - a big flip from last years $73.6 million dollar profit.
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Kiwis still being treated unfairly with surcharges, Consumer NZ says
16 Nov 2023It says Kiwis are still being treated unfairly with surcharges, a year after a law designed to protect them came into effect.
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Cheaper flights: Influx of new airlines bringing benefits for travellers
House of Travel says cheaper flights are on the horizon, particularly to North America because of strong competition in the sector. Audio
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Electricity users who can pay helping those who cannot
16 Nov 2023A social enterprise in Wellington is helping people pay their power bills. Audio
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Tourism businesses committed to hospitality as AI, technology grow
16 Nov 2023Tourism operators say they do not want new technology to jeopardise the manaakitanga they offer visitors.
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No 'immediate benefit to consumers' in plan to upgrade electricity link from south to north
16 Nov 2023The Commerce Commission is questioning the timing of Transpower's proposed investment in the high voltage link between the North and South Islands.
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Hamilton's new riverside shopping precinct opens
16 Nov 2023There is plenty of Waikato to be discovered at Made.
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Auckland congestion charges: Businesses point to 'significant benefits'
16 Nov 2023The charges need to be introduced as soon as possible to change driver behaviour, a business sector group says. Audio
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Infratil first half net profit more than doubles to $1.21b
16 Nov 2023The result reflects a major boost from its near 100 percent ownership of mobile telco One NZ.
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From K Road to Monaco: app for collectors wins Entrepreneur of the Year
16 Nov 2023David Yu's win will take him to Monaco next year to compete with winners from 50 other countries for the world title.
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Summer water restrictions: Wellington businesses want early comms
16 Nov 2023Wellington businesses are waiting on what water restrictions might mean for them this summer.
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Residential housing market showing signs of improvement
16 Nov 2023The residential housing market is continuing to show signs of improvement despite a slower month of activity in October.
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'Lacklustre growth' in rural economy over third quarter - report
Regional economic momentum is waning as the primary sector slowdown hits rural communities.
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