COVID-19: Anti-competition laws relaxed for business

COVID-19: Anti-competition laws relaxed for business
Pattrick Smellie
The government is instructing its competition watchdog, the Commerce Commission, to "be more flexible than it might be in normal times" to let competing businesses work together, share resources, or take other cooperative measures."Commerce Minister Kris Faafoi issued the instruction "to ensure New Zealanders have access to the products and services they need" as the country responds to the "exceptional circumstances created by covid-19."However, collusion among competitors to fix prices will not be tolerated.“Sectors like supermarkets and tele...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024