Gavin Grey: UK correspondent on the UK being temporarily spared from Trump's 50 percent steel tariffs
The UK has managed to escape Donald Trump's recent executive order doubling steel and aluminium tariffs from 25 percent to 50 percent. The order raises import taxes for US-based firms buying metals from other countries going forward. UK correspondent Gavin Grey says the UK evaded these tariffs as a result of the trade deal between both nations. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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5:20
Jenee Tibshraeny: NZ Herald Wellington business editor on homeowners needing to pay extra to fund the Natural Hazards Commission
Homeowners need to brace for another cost increase, this time to help fund the state disaster insurer, the Natural Hazards Commission. The minister responsible for the commission, David Seymour, says levies will 'almost certainly' need to rise, with Cabinet set to decide the changes in the coming months. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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3:08
Oliver Hartwich: New Zealand Initiative executive director on the impact of the Trump tariffs
Business leaders across New Zealand have voiced concerns that Donald Trump's tariffs could have a more severe global impact than the Covid-19 pandemic and the Global Financial Crisis. The months since Trump’s 'Liberation Day' announcement have seen sustained market volatility, tit-for-tat trade wars and fears of a resurgence in inflation. New Zealand Initiative executive director Oliver Hartwich says experts are right to be concerned - as Trump's tariffs could potentially derail the economy for years to come. "The GFC and the pandemic were over after three of four years, whereas the destabilisation of globalisation with the tariffs Trump is imposing - that could derail the economy for decades to come. There's so much uncertainty about it." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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4:06
Grant McCallum: Northland MP reveals why Landcorp needs to improve its performance
There's belief state-owned enterprises need to go back to basics in order to up their game. New Treasury documents show the Government's told New Zealand Post and Landcorp it's not impressed with their recent performance. Simeon Brown - the Minister responsible for State-Owned Enterprises - has told them to deliver bold turnaround plans. Northland MP Grant McCallum says Lancorp's lost its purpose. He says previous leadership and ministers haven't helped - but rather, encouraged a move away from the basics of New Zealand farming. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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4:15
Julian Benefield: General Counsel for Foodstuffs North Island on supermarket facial recognition tech getting approval from the Privacy Commissioner
Foodstuffs is hoping to bring retail crime down after a successful trial of live facial recognition technology. The Privacy Commissioner has deemed Foodstuffs North Island's trial compliant with the Privacy Act, and effective in reducing harm. But his report states there's more work to do. General Counsel for Foodstuffs North Island, Julian Benefield, says retail crime has put staff at risk - and the company's hoping to change that. "Our trial has been a success, it found that technology was effective in reducing harm. Our independent evaluator found a 16 percent reduction in serious harm incidents across the trial period - and over 100 serious incidents avoided." LISTEN ABOVESee 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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