Unemployment rate hits 5.1%
Economy

Unemployment rate hits 5.1%

It is the biggest annual employment decline in 15 years.

Staff reporters 05 Feb 2025
Fintech Hnry launches in the UK
News in Brief

Fintech Hnry launches in the UK

Wellington-based fintech Hnry is launching in the UK, targeting four million sole traders.Founded in 2017, the move comes five years after it launched in Australia in 2020.Its combined Australasian market has grown by 58% over the past two years after its $35 million Series B rai...

Staff reporters 05 Feb 2025
Woolworths names new NZ managing director
Retail

Woolworths names new NZ managing director

Sally Copland is crossing the Ditch to take over as managing director of Woolworths New Zealand. Copland has worked for the Australian-based grocery group for more than 18 years and has formerly held senior positions in NZ, including as interim managing director.In the announceme...

Staff reporters 04 Feb 2025
NZ Superannuation Fund takes DeepSeek hit
Markets

NZ Superannuation Fund takes DeepSeek hit

We’re all a little poorer after Nvidia’s 17% dive on Tuesday.The Nasdaq-listed chipmaker’s stock took a battering on fears that China’s low-cost DeepSeek AI heralds a new era of artificial intelligence that takes less computer grunt to train; essentially, fewer of Nvidia’s expens...

Staff reporters 28 Jan 2025