Saturday, August 1, 2026

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Money

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

Pizza Hut to close half of its U.K. restaurants

Ethiopia in talks with China to convert dollar debt into Yuan loans

Government advances credit law reforms to ease access to finance

S&P downgrades France’s credit rating

Gold could hit $10,000 – JPMorgan boss

HelloFresh fined $845,000 for misleading customers

GrabOne enters liquidation

Inland Revenue’s bank deductions spark complaints over heavy-handed debt recovery

Bankers ordered to pay $12.1m after court finds dishonesty in carbon offset partnership

Business liquidations surge 40% above pre-Covid levels

Crypto market crashes, wiping billions in value

Peters demands answers over Fonterra’s plan to sell iconic brands to French dairy giant

Ronaldo becomes football’s first billionaire

Reserve Bank cuts OCR to 2.5%

IAG fined $19.5m for overcharging and discount irregularities

US Treasury unveils draft design of coin with Trump’s profile

Musk tweets wipe $15bn off Netflix value

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