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Best of Business

Newstalk ZB
Best of Business
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  • Bosses Unfiltered Episode 1: Dame Wendy Pye
    Dame Wendy Pye is one of the most successful businesspeople in New Zealand. She’s a rich-lister, her publishing company Sunshine Books has sold over 300 million books worldwide, she's met countless more world leaders, and she was the first living woman to be inducted into the New Zealand Business Hall of Fame. But it hasn’t all been easy. Dame Wendy has gone through a life changing redundancy, legal battles, and had many deals that couldn't be closed. She joined Newstalk ZB's Kerre Woodham in studio for the first episode of Bosses Unfiltered. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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  • Sam Dickie: Fisher Funds expert on AI driving record US capex spending
    New data shows AI is still holding strong in current financial markets. Meta, Microsoft and Google recently unveiled their earnings, and the data indicates there's clear demand for AI. Same Dickie from Fisher Funds explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Perspective with Heather du Plessis-Allan: We need the teen social media ban, because the companies won't enforce it
    I've got an update for you on the social media ban for kids situation - over in Australia, the social media companies have now admitted they can kick underage kids off their platforms, and they've admitted that they will start enforcing the ban when the ban in Australia comes into effect on December 10th. Now, this is not a surprise to me that they can actually do it, because I never believed the nonsense when they said: “Oh, it's impossible to age verify, we couldn't possibly.” Because guess what? They can. Reddit over in the UK does this - it age verifies and stops people seeing content. It's completely possible to do. And it's pretty obvious that they already have a rough idea of how old the kids are, because that's why they feed teenage content to teenage people. What I think we should take from this, though, is that we should never believe the social media companies when they say they can't stop kids using their products. What I think you should do is kind of take the approach of treating them a little bit like the tobacco companies of old - completely untrustworthy, want to peddle their product, do not want to stop peddling their product. In fact, I think, to be honest, that there is a useful parallel here with the way that we treat ciggies and how we should be treating social media companies. We ban kids under the age of 18 from buying ciggies, we ban them from buying booze because we know it's bad for them.When they're older, they can use it. Hopefully, they use it wisely, but not when their little brains and their little bodies are still developing. And I think the same is true of social media. And yes, like the ciggies and the booze, the kids are gonna find a way to get around it and get their hands on it. On a New Year's Eve when they're 16, they're gonna get completely drunk. But hopefully it'll be a rare occasion, not an every weekend type of thing. And in the case of banning the booze and the ciggies, we could have left that up to the parents. We could have said: “Nah, it's okay, you decide if your kids want to smoke and drink under the age of 18.” And parents should play a role, right? But I think we all decided as a group that this was worth banning, and I think we need to do the same thing with social media. And I think we need to do it mainly for the social media companies, because they are not prepared to do it themselves until they're forced to - just like in Australia. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Nikhil Ravishankar: Air New Zealand CEO says the airline's committed to receiving a regional subsidy from the Government
    Air New Zealand says it's committed to maintaining regional connections, despite the Government turning down its offer. CEO Nikhil Ravishankar last week pitched a temporary subsidy for lesser used domestic flights, saying it might be necessary to keep them operational. But Prime Minister Chris Luxon says a subsidy isn't the answer, and Air New Zealand should shift its focus. Ravishankar says it still isn't planning to leave the regions. "We know that it is a lot more than a commercial decision, it's a lifeline service at times. And we will do everything we can and everything we should be doing to ensure that connectivity remains." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Miles Hurrell: Fonterra CEO on the company selling off its consumer brands
    Fonterra's farmer shareholders should get a decent payout from the sale of consumer brands like Anchor and Mainland. They've overwhelmingly voted for a $4.2 billion dollar sale to French company, Lactalis. ASB economists predict the sale will deliver a tax-free capital return of $3.2 billion - or $400,000 per farmer. Chief executive Miles Hurrell says that's close, with a wide spectrum of farm sizes. "Everyone will get their own cash in time accordingly, but yeah, $2 tax-free per share is a decent wedge of cash for most farmers." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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About Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.
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