Best of Business

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.
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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.
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The US earnings season is in full swing, with many leading companies posting their results.
The Middle East conflict is looming over this year's data and experts have raised concerns.
Sam Dickie from Fisher Funds explained further.
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Airlines are now treating the fuel crisis as a long term issue.
The conflict in Iran, which has closed the Strait of Hormuz, has forced airfare rises and route cuts.
Board of Airline Representatives NZ Executive Director, Cath O'Brien, says airlines have to look well ahead.
"At the moment, we're planning for the season that runs October to March. As we plan ahead, we have to plan networks on a totally changed basis of cost. And I think that's the real challenge."
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The Government’s looking at ways to give businesses long-term certainty about fuel.
Latest figures show we have 56 days of petrol, 45 of diesel, and 47 of jet fuel either here or en-route.
Associate Energy Minister Shane Jones told Mike Hosking officials are considering what additional information they can release.
He says the real plague is uncertainty, and it's not a bad idea to further mend the uncertainty in the business community.
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