Best of Business

It’s believed businesses will hold off on hiking prices for as long as possible as rising fuel prices risk pushing inflation up.
Reserve Bank Governor Anna Breman says fuel prices are likely to lead to higher inflation and weaker growth over the coming months.
She says it's too early to say how much that will push up inflation across the board, or whether the Official Cash Rate will need to be hiked earlier than expected.
BusinessNZ Advocacy Director Catherine Beard told Ryan Bridge there was discussion with suppliers to make any price increases as a result of fuel transparent, so they won’t get baked in.
She says businesses are preparing for the worst, but things at the moment aren’t too bad.
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International airlines could be forced to cut flights in and out of New Zealand if fuel shortages lead to a rationing of supply.
Concerns have been raised about airlines needing to make hard choices if fuel deliveries are disrupted by the ongoing Middle East conflict.
Board of Airline Representatives NZ executive director Cath O'Brien says there's still a low risk of planes getting stranded in a shortage, but airlines will need to be prepared.
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The fight is on to run New Zealand's largest farm.
Five contenders have put up their hand to commercially farm in Marlborough's Molesworth Recreation Reserve.
The Country's Jamie Mackay explained further.
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Lotto's ramping up its prizes and number of winners and lifting the biggest win from $50 million to $60 million.
It's adding another four Powerballs - which reduces the odds of winning Division One from one in more than 38 million, to about one in almost 54 million.
Chief executive Jason Delamore says many things have changed since the last change-up to offerings 19 years ago.
"Our population's actually increased by over a million people, so it's very normal for lotteries to tune the Powerball in their lottery games, in keeping with the population."
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Australian Prime Minister Anthony Albanese and European Commission head Ursula von der Leyen have unveiled the details of a new trade deal today.
This deal has been eight years in the making, and almost all EU tariffs will be lifted on Australian agricultural products such as wine, fruit and vegetables, olive oil, seafood, most dairy products and wheat and barley.
Australians will also now have access to cheaper European wine, spirits, biscuits, chocolates and pasta.
Australian correspondent Murray Olds says this deal is worth about A$10bn and will benefit both nations.
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