Best of Business

Higher mortgage rates have given the Reserve Bank a 'bit of breathing space', its chief economist says.
Paul Conway, one of the Reserve Bank committee members who voted to keep the OCR on hold last week, said the market is doing some of the work for the central bank.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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The SpaceX IPO launch is set for later this month, and experts are speculating about what it could mean for the market.
It reportedly plans to fix its IPO price at $135 per share to raise a record-setting $75 billion.
Jeremy Hutton from Milford Asset Management explained the risks ahead of the launch.
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The Education Minister wants higher pay rates for tradies who work as unqualified teachers - but she has to persuade the unions first.
The PPTA says schools are in need of more people to teach the trades, and outside educators should be fully qualified if they're to be paid the same as registered teachers.
Te Pūkenga CEO Gus Gilmore says it's important to attract the best people to educate young Kiwis interested in going into the trades and it's important to match market demand.
"These are very experienced people.. the skills that they have as trained professionals in their field should be rewarded accordingly."
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The hospitality squeeze continues, with a flurry of closures.
Credit reporting agency Centrix says liquidations are up 49 percent year-on-year.
Cafes, restaurants and takeaways made up the most of the 414 liquidations recorded in the past 12 months.
Hospitality NZ CEO Kristy Phillips says the latest impacts are the cost of living and the fuel crisis.
But she says businesses have taken many hits in recent times.
"Liquidations now can be the result of years of hanging on and just trying to wait for those trading conditions to improve."
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Anthropic confirmed it filed confidential plans for an initial public offering, setting it up for what's expected to be one of the most anticipated market debuts in years.
Anthropic is one of three highly anticipated AI initial public offerings expected for this year, along with OpenAI and SpaceX - giving early investors a chance for huge paydays.
Infometrics Principal Economist Brad Olsen says Anthropic's the first to get the paperwork through - and there's huge expectations riding on it.
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