Friday, May 8, 2026

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Money

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

OpenAI surpasses SpaceX as world’s most valuable startup

Fraudster convicted after world’s largest £5bn bitcoin seizure in UK

Fired ANZ trader confronted over ‘offensive’ messages as court battle resumes

Mystery buyers to revive Auckland University Bookstore

Starbucks to close over 100 stores in $1bn global overhaul

South Korea warns investment demand could spark financial crisis

Gold at new highs, extending September’s outsize gain

Roger Douglas calls for Willis to resign

Administrators recommend liquidation as Kitchen Things collapses owing $16.6m

Grenon boosts NZME stake to nearly 18%

Fitch hits France with record-low credit score

NZ trade mission heads to Saudi Arabia

Builders struggle as construction insolvencies climb 13% year-on-year

Three Kiwi medical tech startups collapse after funding shortfall

IKEA to open first New Zealand store at Sylvia Park on 4 December

Smiths City enters voluntary administration

Tesla sales slump in Europe – data

SME pessimism grows as OCR cuts fail to lift confidence

Banking Competition Inquiry response due in November

Fonterra sells consumer brands to Lactalis in $3.8b deal

Fletcher Building posts $419m loss

Rural ratepayers revolt over steep Auckland Council rate hikes

Celebrated Palmerston North cafe in liquidation

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