Warning over Uber’s market power after Ola leaves NZ

Warning over Uber’s market power after Ola leaves NZ
Uber is now the only company in NZ that connects independent drivers with passengers via an app.
Gregor Thompson
Worker representatives have raised concerns over ride-sharing app Uber’s market dominance in New Zealand since rival rideshare firm Ola closed.After five and a half years, Ola had its last day of operations on April 12.This is cause for concern for some, and it should be for everyone, First Union delegate Anita Rosentreter told BusinessDesk."[Uber] was already far away the biggest player in the market. So they already acted like a monopoly,” said Rosentreter, who has been representing Uber drivers to get them recognised as empl...

More Economy

Signs of optimism as number of NZers behind on payments falls
Economy

Signs of optimism as number of NZers behind on payments falls

New credit data from Centrix shows green shoots of optimism as mortgage and consumer arrears fell in February.The number of New Zealanders behind on their payments fell by 11,000 in February compared with January.While there are still 480,000 consumers in arrears, levels are 1% l...

Pricing and cost expectations may raise RBNZ eyebrows
Economy

Pricing and cost expectations may raise RBNZ eyebrows

ANZ Bank chief economist Sharon Zollner: the lift is "becoming a little disconcerting".

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Trump trade war could push cash rate lower
Economy

Trump trade war could push cash rate lower

The monetary policy decision is on April 9. 

Rebecca Howard 31 Mar 2025