Gavin Grey: UK correspondent on the race to keep British Steel furnaces running
Last-minute efforts to keep British Steel operating are to be carried out today, as the plant races to secure a supply of raw materials. The Department for Business and Trade said officials are working to keep British Steel operational - and ensure all staff at the Scunthorpe site will be paid. UK correspondent Gavin Grey says efforts are in place to keep it open - but things still feel quite touch-and-go. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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4:28
Shane Solly: Harbour Asset Management spokesperson on what the tech tariff exemptions did to the market
The Trump administration's tariff announcements have left a notable impact on financial markets - and experts fear we may not be out of the woods yet. Smartphones, computers and some other electronics from China will face 20 percent tariffs, rather than the 145 percent imposed on other Chinese goods. The White House says the exemption is not permanent. Harbour Asset Management's Shane Solly explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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3:41
Chris Small: ABC Business Sales managing director on demand outpacing supply in the small business sphere
Demand is outpacing supply in the small business market, as sellers wait out tough trading conditions while buyer interest is at record levels. Recent data shows new business listings fell 10 percent in the year ended March, compared to a 10 percent increase in completed sales. ABC Business Sales managing director Chris Small says there's been an uptick in migrants gravitating to smaller businesses - which has left an impact on prices. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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3:03
Business Panel: Wellington is a 'talent repellant', tech CEO says
A successful Wellington business owner says if he were starting again today, he wouldn't start his business in Wellington. "Whether you should do it in Wellington though, I would say no. I think Wellington is actually talent repellent system at the moment," Raygun founder John-Daniel Trask told Nick Mills. "We’ve had people in our own organisation who have left and said I’m going to places like Auckland because they are so tired – their own words – of the abject wokeness that is in this city." Trask's business sells software that monitors other software for faults, with 93% of its customers based overseas. The company employs 25 staff in Wellington. Also joining Trask was Jugnu's Little India founder Jugnu Gill. Gill owns three of the Indian restaurants across Wellington, having opened his first restaurant in the city in 1997. "Wellington is not in good shape. There are very few places that are doing really well in Wellington at the moment," Gill said. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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32:36
Peter Lewis: Business Journalist on the volatile state of the stock markets amid tariff uncertainty
Markets have been losing many of yesterday's historic gains. US markets climbed steeply after Donald Trump paused higher tariffs on most countries – locking them at 10%. However, they plunged again after the White House confirmed tariffs on Chinese goods are now at 145%. Business journalist Peter Lewis told Mike Hosking the up-and-down is likely to continue until investors have certainty about what's happening. He says while there is a pause, the tariffs haven’t gone away altogether, and that will lead to a lot of volatility in the market. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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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