Best of Business

US President Donald Trump's accused Iran of completely violating its ceasefire agreement - with the Strait of Hormuz closed again.
Iran's fired shots at ships in the Strait over the weekend, and has warned it'll stay closed until the US lifts its blockade.
Harbour Asset Management expert Shane Solly revealed how these developments could impact markets.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

New Zealand First is heading into the election with a plan to break up the supermarket duopoly.
If re-elected, the party's promising to split Foodstuffs into two nationwide co-operatives - one for New World and Four Square, and the other for Pak'nSave.
Consumer NZ says the current Government's efforts to encourage a third player into the market have largely been unsuccessful.
Head of Advocacy and Research, Gemma Rasmussen, has raised questions over this plan - and indicated it might not be the best solution to rising food prices.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

KiwiSaver hardship withdrawals have spiked to their highest in a decade last month, amid rising fuel prices.
According to the IRD, more than 5600 people withdrew their savings due to financial hardship - the second-highest amount ever since August 2016.
Over 49 million dollars was withdrawn, a 12.6 percent increase from March last year.
Simplicity chief economist Shamubeel Eaqub says the cost of living crisis, and the recent spike in job losses and business closures have all cumulated into the current increase.
"Mostly, what we're seeing at Simplicity is just that people have lost their jobs, they've lost their businesses, or they can't repay their mortgage - it's kind of life stuff. But the recession has real human cost."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

A Kiwi company is flipping the bird, pivoting from making environmentally friendly wool shoes to AI.
After years of losses, Allbirds sold all its assets this month and now plans to lease GPUs – chips used to train AI software.
It's revised its moniker to NewBirds AI.
Kevin Milne joined Jack Tame to talk about the rise and fall of the company.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Kiwi company Allbirds has announced a new direction and it's drawn questions from experts.
After years of losses, the former sustainable shoe company is transitioning to AI after selling all its assets this month.
It's revised its moniker to NewBirds AI - seeing share values surging up to 700 percent.
NZ Herald senior business writer Chris Keall says the tech and business-based press has raised concerns about what this could do for the company.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.