BUSINESS - MSC NewsWire

Peters pins $2B-plus 'losses' to NZ on Fonterra

Deputy Prime Minister Winston Peters doubled down on last week's New Zealand First party attacks on the performance and leadership of Fonterra, saying the country's largest business was costing the economy more than $2 billion from food safety and animal . . .

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Air New Zealand named New Zealand’s Most Attractive Employer

Air New Zealand has been named New Zealand’s Most Attractive Employer in the annual Randstad Employer Brand Awards for a record fifth time.

Source A Air New Zealand release

Foreign buyer ban gets smoother edges, but critics still see stymied development

Amendments to the government’s foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments

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Bulletin article discusses the pros and cons of issuing central bank digital currency

The pros and cons of a public digital currency issued by a central bank are evaluated in an article published today in the Reserve Bank Bulletin.

Kiwi-developed taxi fuel card cuts complexity and saves drivers money

Taxi drivers across the country are about to save money and simplify their jobs with an innovative New Zealand-developed fuel card.

Source Streamline

Bunnings NZ owes employees $11 million for incorrect holiday payments

Bunnings, the hardware chain owned by Australia's Wesfarmers, will pay more than $11 million to 12,235 New Zealand past and current employees after identifying mistakes in implementing the Holidays Act 2003

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Customers the winners as insurtech investment ramps up

The rapid rise of tech companies working in the insurance market and investment by traditional insurance firms into new advanced technologies is expected to lead to better deals for customers in coming years, InsurTechNZ chair Jason Roberts says.

Source A MakeLemonade release

Funding secured by diatomite mine firm

Seed funding of $US20 million ($NZ28.5 million) has been secured by Australian company Plaman Global, which is proposes to mine more than 30 million tonnes of a rare organic black diatomite near Middlemarch, Central Otago. Diatomite is processed into fertiliser pellets.

Source/ReadMore Otago Daily times

Living wage win for core public services shows success of campaign

The Council of Trade Unions President Richard Wagstaff congratulated Living Wage Aotearoa and the Government for moving to a living wage of at least $20.55 an hour by the first of September for all people employed in the core public service.