Friday, May 8, 2026

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Money

Gold hits new all-time high

Gold hits new record

Indian exports to China surge

EB Games proposes full exit from NZ with all stores at risk

Big prediction market win raises insider trading concerns over Maduro capture

AA backs NPD–Gull merger to bring lower fuel prices

Australia’s KFC empire reveals million-dollar profits per store

China pushes Digital Yuan deeper into ASEAN trade networks

U.S. economy surges at fastest pace in two years as spending and exports rebound

FMA warns investors in Rangiora firm as interim liquidators appointed and assets restricted

Banking Ombudsman rejects complaint over five-year fixed mortgage regret

Rocket Lab lands $1.4b U.S. defence contract

Major bank claims business confidence is at a ’30 year high’

IKEA overwhelmed by opening demand

Government moves to cash in Chorus debt to fund new infrastructure projects

The TV Shop convicted over fake reviews and misleading consumer claims

Trade Me takes $138m marketplace write-down as sales and growth slow

ANZ lifts fixed mortgage rates

Minimum wage to rise 2% from April 2026

Top 0.001% ‘elites’ control triple the wealth of the world’s poorest 50% -report

China smashes record with world-first $1 trillion trade surplus

Thousands hit by IRD tax error

IKEA officially opens first store in NZ

Tax shortfall pushes government accounts deeper into deficit

HSBC warns OpenAI may need over $200 billion just to stay afloat

Reserve Bank cuts OCR to 2.25%

NZSale shuts down NZ operations

Musk predicts future where AI makes work ‘optional’ and money ‘Irrelevant’

ASX 200 suffers $60bn rout

Wendy’s to shut hundreds of U.S. stores as sales slump

South Africa accuses credit agencies of ‘unfair bias’ against African economies

Second Costco store confirmed for Auckland

ANZ NZ profit rises 4% to $2.37 billion

ITV in talks to sell broadcasting arm to Sky U.K in £1.6bn deal

Tesla shareholders approve record $1 trillion pay deal for Elon Musk

Unemployment hits 5.3% as job market weakens and wage growth slows

Nvidia becomes first $5 Trillion company as AI boom accelerates

Leading Think Tank warns Germany facing ‘dramatic economic decline’

$700K estate forfeited to the State

France risks ‘economic suffocation’ as debt costs triple

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