Business

Sales have surpassed IKEA's expectations, but a marketing expert says delays will not turn customers off.

From burnouts to bare bottoms, Kiwis had a gutful of a few well-known businesses on their screens. Video

Around the world, small towns built around a single industry or company are feeling the effects of decisions made far beyond their borders.

Tariffs on a range of New Zealand exports including apples were first introduced in April at 10 percent, and increased to 15 percent in August.

The Wellington-based firm has now raised almost $100 million since 2018, and Hnry said it now processes nearly 1 percent of the country's tax take.

But an Auckland suburb has suffered the biggest fall over the past five years. Audio

Inland Revenue is pushing ahead with consultation on a plan that would see organisations that charge membership fees having to pay tax on that income.

It comes after insurance firm Tower self-reported a mistake in overcharging customers more than $11 million, but then failed to fix the problem in a timely manner.

The agency planned to require staff to work in the office three days a week, rather than two.

The FMA says Tower's systems were deficient, despite a 2017 agreement to fix them.

Wholesale rates are getting the blame for the fact that two weeks after the official cash rate was cut, one major bank has increased some of its fixed-term home loan rates.